Wednesday 6 May 2015
 
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decline

Gulf Hotels Group posts $8m profit in Q1

Gulf Hotels Group has reported a slight decline in revenues for the first quarter this year, when compared with the same quarter last year. Total gross operating revenue was down by BD176,721 ($465,484) or 1.97 per cent to BD8.795

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Drilling decline inevitable as oil price remains low

Onshore drilling is set to decline 20 per cent this year, resulting in the smallest annual production growth for six year at just one per cent, according to a report. The first quarter 2015 edition of Douglas-Westwood’s (DW)

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Drilling decline inevitable as oil price remains low

Onshore drilling is set to decline 20 per cent this year, resulting in the smallest annual production growth for six year at just one per cent, according to a report. The first quarter 2015 edition of Douglas-Westwood’s (DW)

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Reforms needed to rein in deficit in Lebanon: Bank Audi

Structural reforms need to be implemented by Lebanese authorities to stimulate the economy and reduce the fiscal deficit, and not bank on the decline in oil prices alone, according to a recent report. Bank Audi’s Lebanon Eco

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Salalah Port net profit down 5pc to $13m

Salalah Port Services has reported a five per cent decline in net profit after tax to RO5.38 million ($13.9 million) for 2014, from RO5.66 million in the previous year, according to a report. The total revenue also showed a 9.2 pe

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Saudi hit by steel price collapse rumours

Saudi Arabia's construction sector has been hit by rumours that steel prices will collapse shortly because of falling demand, but its industry chief insisted that prices showed only slight decline, according to a report. The s

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Food prices fall after three stable months

The United Nations Food and Agricultural Organisation (UNFAO) Index declined in December, after three months of stability, declining for the third consecutive year, according to a report. The 1.7 per cent fall was credited to cont

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Brent steady below $60, heads for 4th weekly decline

Brent crude held below $60 a barrel, near a 5-1/2-year low, on Friday as a global oversupply of oil showed little sign of receding, even as companies cut upstream investments next year. Oil prices were on track for a fourth straig

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Brent steady below $60, heads for 4th weekly decline

Brent crude held below $60 a barrel, near a 5-1/2-year low, on Friday as a global oversupply of oil showed little sign of receding, even as companies cut upstream investments next year. Oil prices were on track for a fourth straig

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Oil price declines have shale investors scrambling

Plummeting oil prices are pushing some of the small-cap companies which flourished as part of the US shale energy boom close to their breaking point, while also prompting some well-known fund managers to aggressively buy energy stocks.

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