Saturday 23 May 2015
 
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US drivers yield 'swing' oil demand crown to Saudis

As the United States raced over the past five years toward becoming a global petroleum powerhouse, the world's biggest oil exporter Saudi Arabia quietly seized a market milestone from America: the largest source of peak summer demand.

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ME energy industry 'must invest in innovation'

The Middle East’s energy industry needs to invest in innovation and sustainability initiatives to meet increased global demand, according to industry experts attending this year’s Abu Dhabi International Petroleum Exhibition and Conf

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ME energy industry 'must invest in innovation'

The Middle East’s energy industry needs to invest in innovation and sustainability initiatives to meet increased global demand, according to industry experts attending this year’s Abu Dhabi International Petroleum Exhibition and Conf

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Demand for Islamic funds to reach $185bn

Islamic funds sector is likely to grow to at least $77 billion by 2019 from $60 billion now, while the latent demand is projected to grow to $185 billion, a study said. There are substantial growth opportunities but the industry w

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Demand to ban conventional banks in Bahrain rejected

MPs demands to ban conventional banks and allow only Islamic banks to operate in Bahrain have been shot down by Finance Minister Shaikh Ahmed bin Mohammed Al Khalifa. He said that Bahrain was trying to become a regional Islamic ba

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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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Copper demand to grow 4.2pc to $261bn

Global demand for copper metal, that is produced from refined copper and recycled scrap, is projected to advance 4.2 per cent per year through to 2019 to 36 million metric tonnes, valued at $261 billion, according to a recent trend.

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Mideast carriers’ passenger traffic up 9pc

The Middle East carriers’ passenger traffic increased 9.8 per cent in March, while the capacity growth of 11.9 per cent meant a fall in load factor by 1.5 per cent points to 77.1 per cent compared to the same period last year, according to

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UAE loan demand growth moderating

Demand for credit in the UAE remains healthy but growth in demand for loans is moderating and credit standards for companies are tightening, the UAE central bank said on Sunday in its first-quarter credit sentiment survey. "S

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Saudi healthcare sees increased construction activity

Saudi Arabia’s health sector, which is expected to drive in a demand for 70,000 more hospital bed by next year, is worth SR108.59 billion ($28.99 billion) currently, according to a report. Looking to address this, the kingdo

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