IMF raises Saudi Arabia’s growth prospects over higher oil prices
The International Monetary Fund on Monday raised its growth projection for the Saudi economy on the back of higher oil prices but retained its estimates…
Oil prices
Oil prices slip
Oil prices posted more gains this week, as the EIA reported deeper inventory reductions with Brent briefly traded above $50 per barrel for the first…
Non-oil economy of UAE picks up amid job market stagnation
Dubai’s biggest bank Emirates NBD said Tuesday that non-oil private sector of the United Arab Emirates (UAE), which saw in May its weakest improvement in…
Oil prices rose on first drop in USA drilling in months
Oil prices rose on Monday, lifted by the first fall in U.S. drilling activity in months, although gains were capped by reports of rising OPEC…
Oil stuck: Brent pinned under $45 – Photo
● Brent crude hovers at 7-month low ● Oversupply concerns rattle oil traders ● European stocks soft, US futures flat ● Chinese equities hit fresh…
Gas and oil giants could waste trillions in a 2C world
Thirty percent of investments planned by oil and gas majors over the next decade could be wasted if the world economy retools to cap global…
Oil prices fall to 10-month low
Oil prices fell about 3% to a 10-month low in heavy trading on Wednesday, as nagging fears about the global crude glut fed a sell-off…
UAE’s hot property cools for a year
This was the year when the long decline of oil prices took a bite out of the country’s property market. Brokers have yet to come…