Oil suppliers quick to counter Iraqi uncertainty
Events seldom unfold in isolation and the recent surge in sectarian violence in Iraq appears to be leading to some shifts in Asian crude oil markets. Two things stand out as recent developments; firstly the increasing supply from Iran and secondly the reduction in the official selling price of Saudi Arabia’s main crude grade for Asian refiners.
India, UAE discuss strategic oil storage lease - sources
New Delhi: India is in talks to lease part of its planned strategic storage to UAE’s’ state oil company Adnoc, two government sources said, as New Delhi moves to protect its economy against crude price shocks and supply disruptions.
Google 'trying to be more like Apple'
San Francisco: “The Google empire is trying to grow,” Gartner consumer technology research director Brian Blau said on the sidelines of the keynote presentation.
Star Alliance to decide on Air India on Monday
New Delhi: The top brass of Star Alliance will meet in London on Monday to decide on Air India’s induction into the 26-member global airlines’ grouping which could give the national carrier’s passengers the facility of seamless travel to over 1,200 destinations.
Oil price risks put inflation back in focus
Brussels: Iraq will be foremost in investors’ minds in the coming week as oil price risk has returned to markets, complicating the task for central banks whose policies are beginning to diverge for the first time since the global financial crisis.
Inflation is the biggest threat to Indian financial markets
Dubai: The new government in India needs to urgently address inflation to stabilise the economic growth and sustain the overall positive sentiment on economy and financial markets, said Anoop Bhaskar, Head of Equities, UTI Asset Management Company in an interview with Gulf News.
Global shares rally as Sensex hits new record
Dubai: Equity markets across the developed world gained yesterday on strong first quarter corporate earnings and improving macroeconomic data, while in Asia and the Gulf region, markets gained on reasons ranging from election results India to an upgrade of the UAE and Qatar markets to Emerging Markets by MSCI.
Dubai's hotel revenue expected to grow by 6.5 per cent in 2014
Dubai: Revenue per available room (RevPAR- a benchmark for performance) in hotels across Dubai, Abu Dhabi, Doha, Jeddah, Muscat and Riyadh are expected to grow this year and in 2015, according to a report by PwC.
Oman to enforce two-year ban on expat workers
Royal Oman Police said expats would not be issued fresh employment visas if they did not complete two years in a company.
Nissan goes past 2008 high in the UAE
Dubai: The UAE’s automotive sector recorded its best performance ever in 2008, when unit sales surged past 350,000 units and some of the individual carmakers recorded all-time volume highs. Conventional wisdom since then was that it would be extremely difficult for the industry — and its many players — to do a repeat performance.