Heading towards the end of the year, the real estate markets in both Dubai and Abu Dhabi appear to be making strides towards recovery, said a report.
There has been a noticeable slowdown in the rate of price drops and a visible up
Saudi Arabia is optimistic that the Opec’s (Organization of the Petroleum Exporting Countries) deal to curb oil output to 32.5 million barrels per day (bpd) will speed up the (market) recovery and benefit producers and consumers, said a re
Oilfield services provider Baker Hughes said it did not expect a substantial recovery in drilling and pricing in North America this year, in contrast with comments from bigger rivals Schlumberger and Halliburton Co.
Bahrain-based GFH Financial Group (GFH) has announced that it has concluded a final settlement with one of its ex-chairmen in a legal case and has recovered approximately $4 million in cash, shares and real estate from him.
Engineered air solutions provider Safid is undeterred by a drop in output and sales and believes new plants it is building will be in time for a recovery in markets it expects to happen before long.
“We’re optimistic a
Churchill Drilling Tools, a specialist engineering company delivering market-leading drilling solutions to the global oil and gas industry, has launched its HyPR HoleSaver in the Middle East.
The United Arab Emirates' oil minister said on Monday that he expected an upward correction of oil prices next year due to recovery in demand.
"We are expecting an upward correction - 2016 will be a year of correction, to
Lower prices should help stimulate oil consumption in advanced economies, restoring some of the demand lost over the last decade, as the cost of crude soared from less than $50 to more than $100 per barrel.
As oil prices entered a second steep slide a few weeks ago, bullish traders and analysts had hoped for a repeat of the sharp but short dip that occurred early in the year - a speculative slide below $50 a barrel followed by a quick recovery.