Economy
Pumping out emergency oil reserves ‘unnecessary’: IEA
Global oil demand is likely to be muted over the next year and supply and inventory levels look comfortable, the West’s energy agency said Wednesday, implying there is no need to release emergency stocks to curb oil prices.
Thursday, 13 - September 2012
Saudi Arabia’s annual inflation eased to 3.8 percent in August, its lowest level in almost three years, although the monthly increase was the fastest in 10 months, data showed Wednesday.
Thursday, 13 - September 2012
Saudi Arabia’s economy would grow around 5.3 percent in 2012, its second highest growth rate in seven years, Jadwa Investment said Wednesday.
Thursday, 13 - September 2012
Samsung Electronics Co., Ltd, a market leader and award-winning innovator in consumer electronics, has soared from 18th to the 6th place on the list of the top 500 Global Most Valuable Brands in 2012 published by Brand Finance Report – an annual report on the world’s most valuable global brands.
Thursday, 13 - September 2012
Etisalat, the United Arab Emirates’ biggest telecommunications company, aims to raise up to $502 million by selling most of its stake in PT XL Axiata, in Indonesia’s biggest block offering since December 2010.
Thursday, 13 - September 2012
Sixty 60 percent of family businesses reported revenue growth of at least 5 percent in the prior year, a research released Wednesday by the Credit Suisse Research Institute and Ernst & Young revealed.
Thursday, 13 - September 2012
The two-day “Libya Summit – Oil, Gas and Sustainable Growth”, organized in collaboration with the National Oil Company (NOC), will kick off in Tripoli Sept. 24.
Thursday, 13 - September 2012
In an era when the world’s conventional banks are producing fewer and shorter loans and companies are considering other options for finance, Standard & Poor’s believes that Islamic financial instruments could become a key funding source, especially in the Gulf Cooperation Council (GCC) countries (Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and United Arab Emirates) and Asia.
Thursday, 13 - September 2012
GCC corporate earnings would post a muted earnings growth of 8 percent this year 2012 based on the overall net earnings for the second quarter which declined by 1 percent to $13.8 billion compared to the same quarter last year (year on year), the latest research published by Kuwait Financial Centre (Markaz) Wednesday showed.
Thursday, 13 - September 2012
Kuwait and the Netherlands have underlined their desire to intensify and expand bilateral cooperation in the oil sector after a two-day visit by an 8-member delegation of board members of the Kuwait Petroleum Corporation (KPC) to the Netherlands.
Thursday, 13 - September 2012
The World GTL Congress will gather government officials and leading gas experts in Doha Jan. 13-15, 2013 at the St Regis Hotel under the patronage of Mohammed bin Saleh Al-Sada, Minister of Energy and Industry and Chairman & Managing Director of Qatar Petroleum (QP).
Thursday, 13 - September 2012
Rosewood Corniche, Jeddah’s renowned ultra-luxury hotel, has marked its fifth year anniversary as it continues to retain the premier position in the Kingdom’s commercial capital.
