Saturday 31 January 2015

Crisis veteran Naimi stays to hold line on Saudi oil policy

The new Saudi king's decision to keep Ali al-Naimi in his job as oil minister signalled to energy markets that the world's top crude exporter would not flinch from its policy of refusing to cut output as it fiercely guards market share. Naimi convinced fellow Opec (Organi


Aviation chiefs seek new safety mandate after deadly 2014

Conference to look at risks to planes in conflict zones * Plane tracking plan in the works after MH370 * Deadly year has put UN agency under pressure Aviation leaders will try to secure a mandate to implement new safety standards when they meet next


UAE employers ‘must embrace potential of millennials’

UAE employers must embrace the potential of the millennial generation to transform their businesses, according to a top executive. Bill McDermott, chief executive officer of SAP, is visiting the emirates, having recently written and published ‘Winners Dream’ – h


Funds turning positive on Saudi as oil stabilises

Middle East funds are turning positive on Saudi Arabia's stock market because of signs that oil prices are starting to stabilise, the latest Reuters survey of asset managers shows. Many fund managers became bearish on Saudi Arabia in the past few months as the oil price plung


Build better roads to bolster food supplies: study

Billion-dollar investments in basic transport and electricity in developing nations are among the best ways to curb hunger by 2030 since a quarter of all food is now wasted after harvest, according to a report issued on Thursday. A total of $239 billion invested over the next 15


Peak oil demand on ice

At more than $100 a barrel, peak global oil demand was scheduled for 2025, but it is now on ice if oil stays at $50 to $70 for over five years, a report said, warning that continued high prices may have led to zero global demand growth. Oil prices have fallen sharply in recent mo


Abu Dhabi's assets will buffer impact of oil price drop

While the drop in oil prices will likely cause Abu Dhabi's economic growth to slow in 2015 and put an end to four consecutive years of double-digit fiscal surpluses, the emirate's sizeable stock of foreign assets will help cushion the impact of lower oil revenues in the coming years, sa


AirAsia probe examines computer glitch, crew response

Investigators probing the crash of an AirAsia jetliner are examining maintenance records of a key part of its automated control systems, and how the pilots may have handled the plane if it failed, two people familiar with the matter said. An outage of the twin Flight Augmentation


Sustaining returns in an uneven recovery

Financial markets seem to have recovered from their sharp bout of volatility in the month of October. The question we now face is whether or not the drivers of volatility in the second part of 2014 will continue to affect markets in 2015. “We expect financial markets to bec


Mena bond markets to remain investor focus in 2015

Mena equity markets will have a challenging 2015, while lower than expected oil prices will continue to adversely impact market performance and bond markets remain a key focus for local liquidity, a report said. Mena equity markets will have a challenging 2015, while lower than e

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