The rental market in the UAE’s real estate sector will soften further in 2016 due to the widening gap between the demand and supply ratio, said Chestertons, an international property agency.
The company also stated that deve
The Organization of the Petroleum Exporting Countries (Opec) pointed to a larger oil supply surplus on the world market this year than previously thought as Saudi Arabia and other members pump more oil, making up for losses in non-member produ
Continental Automotive Systems has it supplied potentially defective air bag control units to five million vehicles used by Honda, Fiat Chrysler, Mercedes-Benz, and three other manufacturers built over a five-year period worldwide, widening an
Oil edged up above $34 a barrel on Friday, a gain of some 25 per cent from the 12-year lows seen earlier in January, on hopes that a deal between major exporters to cut production could help reduce one of the worst oil gluts in history.
Oil prices rose more than 3 percent on Tuesday as data showed Chinese oil demand likely hit a record high in 2015, but contracts remained near 12-year lows as the IEA said the market should stay oversupplied this year.
Fresh Bahraini chicken is off the menu until March as part of a BD650,000 ($1.6 million) remodel at Delmon Poultry. Delmon Poultry chairman Yousif Al Saleh told the Gulf Daily News (GDN), our sister publication, that only frozen meat
Japanese heavy equipment manufacturer Kubota Corporation said it has secured a contract to supply one of the world’s biggest membrane bioreactors (MBR) for installation at the Al Ansab Sewage Treatment Plant (STP) project in Oman.
Oil fell to around $37 a barrel on Monday, trading within sight of an 11-year low, pressured by excess supply that has led to prices more than halving since the downturn began in mid-2014.
US crude was trading above global benchma
Russia overtook Saudi Arabia as China's largest crude oil supplier for the third time this year in November, customs data showed on Monday, as Russia captures fresh demand from new Chinese crude buyers.
Prysmian Group, a world leader in the energy and telecom cable systems industry, said it has been awarded a contract by Larsen & Toubro, to supply a new high-voltage underground cable system for a key project in Oman.