Monday 26 September 2016
 
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Oil and gas sector 'must adopt new technologies'

Adoption of new technologies can boost the region’s energy sector in output and competitiveness at a time of reduced oil prices and global competition from new suppliers, according to a regional energy executive. Delivering

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Oil rebound hauls up European stocks

Oil prices bounced back from multi-week lows on Monday, hauling up European stock markets and commodity-linked currencies, on hints that producers were close to reaching an output deal. Crude prices rose more than 1 percent, with

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UAE slashes prices of 762 medicines

The UAE Ministry of Health and Prevention has launched a new initiative to bring down the prices of 762 medicines by up to 63 per cent by early September. Dr Amin Hussein Al Amiri, assistant undersecretary of the UAE Ministry of H

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Oil prices fall as Saudi Arabia dampens prospects of output freeze

Oil prices fell on Friday after the Saudi energy minister tempered expectations of strong market intervention by producers during talks next month, and as analysts pointed to an ongoing supply overhang that was weighing on markets.

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Oil steadies as IEA sees balanced market ahead

Oil prices steadied on Thursday after the International Energy Agency forecast crude markets would rebalance in the next few months following several years of heavy overproduction. The IEA, which advises large developed economies

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Hardwood chip prices fall to record low

The prices for globally traded hardwood chips fell to a record low in May 2016, while softwood chip prices reached the highest level in seven months, according to the latest FOEX Chip Price Indexes. Global trade of hardwood chips

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UK house price growth edges up, no Brexit effect yet

British house prices rose at their fastest annual pace in four months in July, in data that might not yet reflect any impact from June's vote to leave the European Union, mortgage lender Nationwide said on Thursday. "The

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Oil falls towards $44, lowest since May

Oil on Tuesday hit its lowest since May, falling towards $44 a barrel, pressured by concerns that a long-awaited rebalancing of the market would be delayed due to excess supply. Brent crude is still up more than 60 percent from a

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Oil falls towards $44, lowest since May

Oil on Tuesday hit its lowest since May, falling towards $44 a barrel, pressured by concerns that a long-awaited rebalancing of the market would be delayed due to excess supply. Brent crude is still up more than 60 percent from a

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Oil prices slide on oversupply, economic headwinds

Oil prices fell on Monday, holding near two-month lows amid worries that a global glut of crude and refined products would weigh on markets for some time.   Brent crude futures were trading at $45.45 a barrel at

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