Sunday 25 January 2015

Saudi oil supplies to China seen flat for 2nd year

Saudi Aramco is expected to keep crude oil supply to China under an annual contract largely unchanged next year, the second year of flat demand as Chinese refiners anticipate ample supplies in the spot market and lack of new refining capacity.


Bahrain launches flat owners' association

An association comprising flat owners has been launched for the first time in Bahrain by the Housing Ministry.   Housing Minister Bassem Al Hamer chaired a meeting with board members of four model buildings - whi


Dubai serviced flats 'seeing good growth'

Serviced apartments in Dubai could offer investors double-digit annual yields before additional supply reduces the sector's profitability going forward, a banker at HSBC said. The sector is receiving interest from investors lo


Saudi stocks close flat after early rise

Saudi shares closed flat on Saturday after rising slightly in early trade. The all-share closed at 6,663 points, while the banking sector added 0.5 per cent at 15,219 points. Heavyweight Al Rajhi Bank gained 1.4 per cent while petrochemica

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