Friday 12 February 2016
 
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Al-Futtaim offers UAE Armed Forces special discounts

Al-Futtaim Motors, the exclusive distributor of Toyota and Lexus in the UAE, has signed a deal with the General Headquarters of the United Arab Emirates Armed Forces, offering all staff special discounted prices of up to Dh25,000 ($6,804.7) on

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Industries Qatar product price drop hits earnings

Petrochemicals, metals and fertiliser producer Industries Qatar (IQ) blamed lower product prices for an extended earnings slump on Thursday.   Although IQ's sales volumes hit an all-time high, the state-run f

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Payouts for petrol price rise backed in Bahrain

An urgent proposal to compensate Bahrainis for higher petrol prices has been unanimously approved by parliament. It was tabled yesterday (February 2) by 22 MPs led by Mohammed Al Ahmed, after the government raised petrol prices at the pumps on

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Lower oil prices squeeze US manufacturing sector

New orders for long-lasting US manufactured goods in December recorded their biggest drop in 16 months as lower oil prices and a strong dollar pressured factories, the latest indication that economic growth braked sharply at the end of 2015.

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Bahrain’s businessmen call for price rise debate

Leading businessmen in Bahrain have called for a public consultation to discuss the impact of higher tariffs on petrol and electricity. They also warned of layoffs in the private sector as employers were pressured to increase salaries at a tim

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Moody's cuts oil price estimates as supply glut continues

Moody's Investors Service has reduced its price estimates for Brent crude and West Texas Intermediate crude amid continued oversupply in the oil markets and the risk of additional supply from Iran.   It has l

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Opec sees market rebalancing in 2016 on price collapse

Opec forecast on Monday that oil supply from non-member countries will post a larger-than-expected decline this year due to the collapse in prices, boosting the need for crude from the producer group. Supply outside the Organizati

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Price correction soon in Dubai rental market

The real estate rental market in Dubai, UAE, is likely to witness a price correction and it might be faster than expected, said a key regional developer. The H Holding Enterprise, a leading investment firm operating in the Middle

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Opec's oil basket price drops to $25 a barrel

The average price for a basket of crudes from Opec producers fell to $25 a barrel on Thursday, the group said, even before unrestrained exports from Iran hit the market.   Benchmark global oil prices took a fresh

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Qatar raises local gasoline price by 30pc

Qatar has raised raise domestic prices of gasoline by 30 per cent from midnight on Thursday, the official Qatar News Agency (QNA) reported, as low oil and gas prices put the squeeze on the national budget.   The

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