Sunday 28 December 2014
 
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hydrocarbons

Kuwait Energy finds new hydrocarbon site in Egypt

Kuwait Energy, an independent oil and gas company, and its partner the Egyptian General Petroleum Corporation (EGPC), have announced the discovery of hydrocarbons on the East Ras Qattara development lease in Egypt. The exploration

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Economic growth drives Abu Dhabi office market

Abu Dhabi’s economic expansion across key sectors such as aviation, education, and healthcare, coupled with the continued growth of the hydrocarbon industry is driving increased demand for office and industrial space in the emirate, accord

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Saudi Q1 economic growth slows to 4.7pc

Saudi Arabia's economic growth eased to an annual rate of 4.7 percent in the first quarter of 2014 as labour market measures curbed activity in some sectors, but the expansion was still stronger and more widespread than growth a year ago.

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Bahrain economic growth accelerates strongly in Q1

Bahrain's economic growth accelerated strongly in the first quarter of 2013, helped by a revival of oil output, official data showed on Sunday. Gross domestic product, adjusted for inflation, expanded 2.5 percent quarter-on-qu

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Mideast facing ‘double dilemma’ over oil future

The Middle East is facing a double dilemma over the global competitiveness for oil in the future, said experts at a panel discussion held by the International Institute for Strategic Studies (IISS) - Middle East in Bahrain. On the

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Saudi firms resilient ‘despite global risks’

Although business optimism levels in Saudi Arabia have lowered for the third quarter of 2012 due to aggravated global risks, a large portion of businesses still expect expansion of their businesses and new order activity, said an expert.

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GCC trade surplus 'to hit $493bn in 2012-13

The GCC’s trade surplus will average around $493 billion in 2012-13 as the oil prices remain high, offset by import growth at around 3.5 per cent, said a report. This is slightly below the trade surplus levels of 2011 which is estimated at

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Mena trade growth to soar 131pc by 2026

The trade across the Middle East and North Africa (Mena) region is expected to grow by 131 per cent to 2026, faster than the global growth over the same period (86 per cent), according to a new report. HSBC in its latest 'Trade Connections

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Dana Gas Q3 profit quadruples on higher output

Dana Gas, the UAE energy firm, on Monday said its third-quarter net profit more than quadrupled buoyed by a 20 percent increase in total production and higher oil prices. The Gulf's only listed natural gas company posted a third quarter ne

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Bahrain ‘most open economy’ in GCC

Bahrain's comparative lack of hydrocarbons has lead to its status as one of GCC’s most 'financially forward-thinking' countries, according to a new report. In KPMG's 'Succeeding in a Changing World' survey of 1,500

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