Saturday 15 December 2018
 
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Inventory

Shaker cuts inventory by 20pc to $159m in Q2

Shaker Group, a leader in the air-conditioners market in Saudi Arabia, said its inventory dropped to SR598 million ($159 million) in the second quarter (Q2) of the year, a 19.6 per cent year-on-year drop due to its efficiency programme.

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Shaker cuts inventory by 20pc to $159m in Q2

Shaker Group, a leader in the air-conditioners market in Saudi Arabia, said its inventory dropped to SR598 million ($159 million) in the second quarter (Q2) of the year, a 19.6 per cent year-on-year drop due to its efficiency programme.

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Oil edges up, but evidence points to growing glut

Oil prices rose on Thursday, paring some of the losses incurred a day earlier after data showed US inventory levels had risen for a sixth week and mounting evidence of weakness spreading through the physical market.  

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Oil 'could slip below $40 in two months'

With global oil supply running 1.4 million barrels per day above global demand in the first half of 2015, inventory dynamics will continue to deteriorate, leading to Brent trading below $40 per barrel over the next two months, a report said.

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Emirates Yoo to expand portfolio

Emirates Yoo (www.emiratesyoo.com), the first interactive online travel resource by Kuoni  Group, has quadrupled its inventory offering and is now looking to add flights and car rentals to its portfolio in the coming months. In add

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Oil supply enough to meet shortages: Saudi

The oil market has enough supply and prices are at a favourable level, Saudi Arabia's oil minister said on Tuesday, affirming the willingness of the world's top crude exporter to meet shortages. Saudi Arabia pumped oil at

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Gold demand 'likely to wane in second half'

The first half of 2013 was the period in which gold exchange traded funds, with their day-to-day transparency, became an increasingly important price maker, rather than a price taker, as an ever more unsettled professional gold market responded

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Oil near $100 still a threat to economy: IEA

Oil prices near $100 a barrel are still a threat to a slowing global economy that is likely to consume less fuel than the International Energy Agency (IEA) had forecast, the IEA's executive director said on Tuesday. Brent crude this week d

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Brazilian firm eyes GCC orange juice market

BrazArtis, a leading import-export company in Brazil, has started a massive campaign aimed at boosting the exports of its frozen concentrated orange juice (FCOJ), cold pressed orange oil (CPOO) and D’lemonene to the Gulf region. This endea

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Brent falls below $115 on US inventory gain

Brent fell by 0.3 per cent on Wednesday to below $115 on indications that higher fuel prices were weighing on consumer confidence in top user the US, where crude inventories rose more than expected last week. Brent crude for May declined 3

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