Friday 30 January 2015
 
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Power tools demand to grow 4.8pc and exceed $32bn

The global demand for power tools has been forecast to increase 4.8 per cent per year through 2018 to $32.9 billion, according to a new study. The new study by Freedonia Group, a Cleveland-based industry market research firm, poin

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Abu Dhabi property market sees healthy demand

Government initiatives to stimulate job growth, fuelled in part by a knock-on effect from the Expo 2020 win, provided healthy demand across all asset classes in Abu Dhabi, UAE, said a report. There has been a marked improvement in

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Oil price to fall until major Asian manufacturers feel the benefit

Oil prices will continue to drop as high production meets weak demand and a strong US dollar pressures crude, and markets will only pick up once major manufacturing economies particularly in Asia feel the benefit

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Oil falls towards $57 over weak demand fears

Brent crude prices edged towards $57 a barrel on Wednesday as weak Chinese manufacturing data and demand concerns outweighed supply disruptions in Libya. China's factory sector shrank for the first time in seven months in Dece

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Manufacturing boom drives welding equipment demand

The growth in the regional manufacturing and industrial sector is driving up demand for welding and cutting equipment in the UAE and across the Arab world, according to experts.   The contribution of the industrial sector in G

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Manufacturing boom drives welding equipment demand

The growth in the regional manufacturing and industrial sector is driving up demand for welding and cutting equipment in the UAE and across the Arab world, according to experts.   The contribution of the industrial sector in G

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Arab Opec sources see oil back above $70 by end-2015

Arab Opec producers expect global oil prices to rebound to between $70 and $80 a barrel by the end of next year as a global economic recovery revives demand, Opec delegates said this week in the first indication of where the group expects oil ma

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Saudi oil supplies to China seen flat for 2nd year

Saudi Aramco is expected to keep crude oil supply to China under an annual contract largely unchanged next year, the second year of flat demand as Chinese refiners anticipate ample supplies in the spot market and lack of new refining capacity.

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Oil sinks below $63 to lowest in more than 5 years

Brent crude oil slipped on Friday to below $63 a barrel, its lowest since July 2009, dragged down by persistent concerns over a global supply glut and a sluggish demand outlook. Brent is down roughly nine per cent this week, some

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Global energy demand likely to surge by 60pc

Global energy demand is expected to increase by 60 per cent till 2040, with fossil fuels remaining the main source, Energy Minister Dr Abdulhussain Mirza said yesterday (December 7). Quoting the Opec 2014 report, Dr Mirza said oil

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