Saturday 13 February 2016
 
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Supply

Growing supply ‘to hit UAE property rentals’

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

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Opec points to larger surplus in 2016 as it pumps more

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

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5m vehicles worldwide ‘may have faulty air bags’

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

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Oil heads for weekly gain on supply cut deal hopes

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.

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Oil rises on record China demand

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. Brent crude

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Poultry revamp to hit chicken supply in Bahrain

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

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Japanese firm wins Oman project supply contract

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.

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Oil hits 11-year low as excess supply weighs

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

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Russia passes Saudi as top China oil supplier for 3rd month in 2015

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.   The

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Prysmian wins Oman cable supply contract

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. The proj

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