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.
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
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
The potential demand and supply pipeline of sukuk is expected to grow, a new survey has found.
Despite this increase, demand is still expected to outstrip supply substantially until next year, when it is predicted that supply will
Untapped demand for local, Arabic content will spur rapid regional media growth over the next five years, according to a new study unveiled at the Abu Dhabi Media Summit today.
The joint study undertaken by management consu
Saudi Arabia's Jadwa Investment, one of the country's largest privately owned investment firms, is planning to invest in domestic real estate as it expands into new asset classes, hoping to cash in on booming demand for new homes.
Diyar Al Muharraq, one of the leading urban developers in Bahrain, said it received overwhelming response for its projects from investors at the recently held Bahrain Property Development Exhibition (BaPDEX) 2014.
The expo, which
Demand for food in the Middle East is expected to rocket by 50 per cent in the next two decades as a result of booming populations, according to an expert.
Global Crop Diversity Trust co-founder and senior adviser Dr Geoffrey Hawt
Bahrain Petroleum Company (Bapco) is exploring additional gas resources to meet the ever increasing domestic gas demand in the kingdom.
Chairman Adel Almoayyed accompanied by the chief executive Dr Peter Bartlett, general manager
Emirates Extrusion Factory (EEF), a leading aluminium extrusion company in UAE, and White Aluminium Extrusion (WAE), a leader in aluminium and glazing sector are set to expand amid surging demand for aluminium products as construction activities