Thursday 3 September 2015
 
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DGCX records 35pc growth in trading volumes in August

Dubai Gold and Commodities Exchange (DGCX) has recorded a 35 per cent growth in monthly trading volumes, with an all-time high in two years of more than 1.5 million contracts.   The increased volatility in global

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Oil remains near 2009 lows on high US stocks

US crude oil prices remained close to their lowest in over six years early on Friday, as rising US stockpiles stoked oversupply and on worries over demand from slowing economies in Asia.   US oil prices tumbled m

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Ramadan meat demand soars in Bahrain

A record amount of meat has been bought up in Bahrain during Ramadan, it has been revealed. The Bahrain Livestock Company (BLC) has supplied a total of 140,000 sheep carcasses this year, said a report in the Gulf Daily News (G

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KPC’s naphtha spot exports higher than usual

Kuwait Petroleum Corp (KPC) has sold 25,000 tonnes of full-range naphtha for July loading, bringing its total spot exports this month to more than 70,000 tonnes, traders said on Friday. This is the highest spot volume KPC had sold

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Higher land lease rates causes concern in Bahrain

A decision to increase rates for leasing land in Bahrain from 200 up to 600 per cent has caused concern among business owners. Rates for industrial land will be doubled to BD1 ($2.6) per square metre, rates for logistics services land will incre

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Daikin launches VRV high ambient system in GCC

Daikin Middle East & Africa has launched its fourth generation of VRV IV for high ambient markets. More than 250 key consultants, developers, distributors and industry professionals from across the GCC attended the recently he

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Daikin launches VRV high ambient system in GCC

Daikin Middle East & Africa has launched its fourth generation of VRV IV for high ambient markets. More than 250 key consultants, developers, distributors and industry professionals from across the GCC attended the recently he

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Daikin launches VRV high ambient system in GCC

Daikin Middle East & Africa has launched its fourth generation of VRV IV for high ambient markets. More than 250 key consultants, developers, distributors and industry professionals from across the GCC attended the recently he

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Egypt signs $300m deal to produce high-octane benzene

Egypt has signed a deal to set up a project to produce high-octane benzene with investments worth about $300 million, the oil ministry recently said in a statement. The deal was signed between the Alexandria National Refining and

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Egypt signs $300m deal to produce high-octane benzene

Egypt has signed a deal to set up a project to produce high-octane benzene with investments worth about $300 million, the oil ministry recently said in a statement. The deal was signed between the Alexandria National Refining and

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