Saturday 19 April 2014
 
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Economic Slowdown

Brent drops to 16-month low on economic data

Brent crude prices fell below $98 a barrel to a 16-month low on Monday, pressured by fears of a global economic slowdown following weak US and Chinese economic data.      Brent crude for July delivery dropped more

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Oil prices will continue to rise: Goldman

Goldman Sachs forecast the price of Brent crude oil at $130 a barrel in 2013, saying crude will continue to rise even in a poor economic growth environment. Making public its 2013 forecast for the first time, the firm also predicted the pr

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Al Habtoor Leighton Gulf orders hit $8.16bn

Al Habtoor Leighton Group, one of the largest construction group in the UAE, said it had a record Dh30 billion ($8.16 billion) worth of orders, from the region despite economic slowdown. The company’s earnings growth may be affected in the

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