Saturday 30 May 2015
 
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Tabreed supplies chilled water to Abu Dhabi tower

National Central Cooling Company (Tabreed), a leading Abu Dhabi-based district cooling utility company, has commenced the supply of chilled water to the Al Hilal Bank tower on Abu Dhabi’s Al Maryah Island. Tabreed, which acq

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Oil steadies below $67 as global glut builds

Brent crude oil steadied below $67 a barrel on Friday after reports that a growing supply glut is boosting inventories worldwide. Oil futures have rallied strongly since January after collapsing last year but analysts say the rebo

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‘Future of energy supply’ in focus at Dubai Shell event

More than 120 delegates convened at a Dubai conference to address the interconnected challenges of economic development, energy and climate change that affect the widespread acceleration and adoption of sustainable development and clean energy.

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Opec unlikely to cut in June as oil rebounds

The jump in oil prices has been supported by stronger-than-expected demand growth and a slowdown in crude supply, and is likely to continue into the second half of this year, a senior Gulf Opec delegate said.   S

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Zamil unit wins $11m deal for Jazan refinery project

Zamil Structural Steel Company, a subsidiary of Zamil Industrial Investment Company, has won a SR43.8-million ($11.7 million) deal from SK Engineering and Construction Company to supply various structural products for Package 9 of the Jazan Refi

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Apple Watch goes on sale amid supply shortage

The Apple Watch goes on sale around the world on Friday, the final stage of a protracted launch of Apple Inc Chief Executive Tim Cook's first new product, capping months of publicity and a frenetic two weeks of pre-orders. Buy

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Iron ore in fresh crisis as forward prices crumble

Iron ore is veering to a new crisis as prices for future delivery of the commodity slide 30 per cent in the space of a month, and its outlook is now more bearish than oil and more dire than ever for miners struggling to just stay in business.

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Apple's smartwatch demand to exceed supply at launch

Apple said on Thursday it expected the "tremendous interest" in its new smartwatch to result in demand outstripping supply when the gadget hits stores on April 24. Apple said it would take orders for the watch exclusivel

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Opec oil output hits highest since October on Iraq, Saudi

The Organization of the Petroleum Exporting Countries (Opec) oil supply has jumped in March to its highest since October as Iraq's exports rebounded after bad weather and Saudi Arabia pumped at close to record rates, a Reuters survey found

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Oil falls more than $1 as Mideast supply fears ease

Oil prices fell more than $1 a barrel on Friday as worries receded over the threat of disruptions to Middle East supplies due to Saudi Arabia-led air strikes in Yemen. Goldman Sachs said the bombing of Yemen would have little effe

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