Thursday 29 September 2016
 
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Mideast automobiles services market to grow

The Middle East remains one of the fastest growing services market for automobiles with the region’s annual light vehicle sales set to reach over 4 million by 2020, according to a recent study by Frost and Sullivan. This, co

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Saudi Arabian tyre market set to reach $2.12bn

The Saudi Arabian tyre market is estimated to reach the value of $2.12 billion at the end of 2016, growing at a compound annual growth rate (CAGR) of 10.8 per cent during 2016-2026, said a report. The report titled “Kingdom

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Deal or no deal? Oil markets focus on Algeria meeting

Opec and non-Opec countries are again flirting with the idea of a production freeze to accelerate oil-market rebalancing, according to recent statements by several oil ministers. "Rebalancing is already taking place," Sa

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GCC lighting fixtures market stays strong

Despite a softening of the GCC construction sector amid a stuttering global oil price recovery, business in the regional lighting fixtures market appears to be booming, said organisers of a major event. International lighting manu

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GCC lighting fixtures market stays strong

Despite a softening of the GCC construction sector amid a stuttering global oil price recovery, business in the regional lighting fixtures market appears to be booming, said organisers of a major event. International lighting manu

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Saudi to open stock market wider to foreigners on Sept 4

Saudi Arabia will ease restrictions on foreign investment in its securities markets next month, sooner than previously indicated, in an effort to attract more institutional money into its bourse, the regulator said on Wednesday. W

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Gunmen kill 12 in market in India's northeast Assam state

Attackers wearing military uniforms shot dead 12 people and wounded 15 on Friday in a busy market area in a town in India's restive northeastern state of Assam, in an attack blamed by the authorities on a regional separatist group.

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Iran says crude market oversupplied

Iran's Oil Minister said the oil market was oversupplied but predicted balance between demand and supply will be restored, Iranian state television reported.   "The oil market is oversupplied now but the

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Det norske looking for more deals in`very interesting' market

Norwegian oil firm Det norske sees scope for further transactions after its planned merger with BP's Norwegian business, its chief executive told Reuters on Thursday.   "There is definitely a ve

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Saudi to lift ban on US beef imports

Saudi Arabia and the US have recently confirmed on an agreement to reopen the Saudi Arabian market to US beef and beef products following a four-year ban, said a report. US Ambassador to Saudi Arabia Joseph W Westphal applauded th

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