Monday 30 March 2015
 
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Wearables market to hit $130bn

The $4 billion wearables market could increase from 20 million devices last year between 200 and 500 million devices by 2020, to reach $130 billion, according to a report. Several industry forecasts have pointed out that more than

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Qatar's Ooredoo expects revenue to fall this year

Qatar's Ooredoo forecasts its revenue will fall by as much as three per cent in 2015 and core earnings will drop by a similar margin, a presentation by the telecommunications operator on its website shows. Ooredoo, which has e

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Savola cuts first-quarter profit forecast by half

Savola Group, Saudi Arabia's largest food products company, slashed its first-quarter net profit forecast by about half and blamed weak retail sales and currency losses. Savola, one of the few Gulf companies to publicly disclo

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Abu Dhabi Ports forecasts 17pc general cargo growth

Abu Dhabi Ports has forecast a 17 per cent growth across all general cargo activities this year, following a record year in 2014. The firm met cargo owners and movers to discuss how to further improve efficiency in the movement of

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Shale oil to dominate Opec-Russia June talks

Russia has said that it would meet Opec in June to discuss the impact of shale oil on global markets, just days before the producers' group decides whether its policy of high production is sufficient to stifle the US energy boom.

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Shale oil to dominate Opec-Russia June talks

Russia has said that it would meet Opec in June to discuss the impact of shale oil on global markets, just days before the producers' group decides whether its policy of high production is sufficient to stifle the US energy boom.

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EIA raises 2015 US oil production forecast

The US Energy Information Administration revised upward its 2015 domestic oil production outlook, but lowered its 2016 forecast because it expects the slump in global prices to weigh on the country's shale boom next year. Expe

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EIA raises 2015 US oil production forecast

The US Energy Information Administration revised upward its 2015 domestic oil production outlook, but lowered its 2016 forecast because it expects the slump in global prices to weigh on the country's shale boom next year. Expe

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Opec says oil price drop hits other producers much quicker than thought

The Organization of the Petroleum Exporting Countries (Opec) sharply raised its forecast of demand for its own oil in 2015, saying the halving in prices since June would slow production in the US and other countries much faster than previously

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Goldman Sachs slashes oil price forecasts

US bank Goldman Sachs slashed it oil forecasts, saying fuel prices needed to stay low for much longer in order to curb production and end a global supply glut.   Goldman Sach

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