 |
Brent falls 7pc in April on economy woesBrent crude benchmark fell more than 7 percent during April, its biggest monthly decline in 11 months, hurt by economic indicators in recent weeks suggesting the global economy remains in a fragile state. Brent crude futures below More… |
 |
Saint-Gobain wins $200m Kuwait contractSaint-Gobain PAM, a global leader in the habitat and construction markets, designs, manufactures and distributes building materials market, has clinched a 154 million euros ($200 million) contract to supply pipes and fittings for Kuwait Ministry More… |
 |
Musanada awards AC supply contractsAbu Dhabi General Services Company (Musanada) said it has signed agreements worth Dh34.5 million ($9.38 million) with Al-Dhafra Engineering and Contracting and Al-Futtaim Engineering for supply of package air-conditioning units at government bui More… |
 |
Saudi oil supply cut 'not aimed at prices'Top oil exporter Saudi Arabia cut oil output in December because of lower seasonal demand, a senior Saudi oil ministry adviser told the state news agency on Monday, rejecting media reports suggesting the move was aimed at pushi More… |
 |
Oversupply to depress oil prices next yearOil prices are expected to fall slightly over the next year as high production feeds softening demand at a time of slowing global economic growth, a Reuters poll shows. Reuters' monthly oil price survey of 29 analysts forecast More… |
 |
Opec says ample supply to persist in 2013Opec trimmed its forecast for world oil demand growth in 2013 due to a slowing global economy and said it expected a trend for ample supply to persist, reinforcing its message that producers are doing enough to tackle high prices. More… |
 |
Shrinking US grain supply shocks marketUS corn and wheat stockpiles shrank far more than expected this summer, the government reported on Friday, reigniting a rally in grain prices on fears that strong demand and drought-decimated crops will keep markets tight. Corn fu More… |
 |
Global Islamic bond supply less than halfGlobal supply of Islamic bond (sukuk) is less than half investor demand and the gap may widen further unless the Islamic finance sector quickly develops more institutions capable of organising new issues, according to consultancy Ernst & More… |
 |
Abu Dhabi rents down 24pc in Q2The residential rents in Abu Dhabi registered a 24 per cent drop in the second quarter over the same period last year amid continuous supply of new housing units and heightened competition, according to a new report. More… |
 |
Gulf Air staff achieve professional skillsFour staff members of Bahrain’s national carrier Gulf Air recently passed the qualifying examination from the Chartered Institute of Purchasing & Supply Management (CIPS) based in UK. In an official ceremony held at Gulf Air today, the More… |
