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Saudi seeks to calm oil price worries

Saudi seeks to calm oil price worries

Top oil exporter Saudi Arabia sought to soothe fears about high oil prices, saying on Tuesday that world supplies were well in excess of demand and that crude at $125 a barrel was not justified given the anaemic state of the world economy.

March 21, 2012 1:51
China oil demand as good as it gets – Clyde Russell

China oil demand as good as it gets – Clyde Russell

China's record crude imports in February are most likely as high as they will go, at least for the coming months, as rising prices, refinery maintenance and slower economic growth curb demand.

March 12, 2012 4:23

Gulf crude to be in demand

Fallout from BP’s oil disaster will put region in the driving seat.

July 5, 2010 9:32

New all-time high for gold

Price of the metal continues to soar as stocks take a battering.

June 9, 2010 3:23

Kingdom’s car market on the upswing

Demand for small cars in Saudi has grown considerably.

June 9, 2010 3:11

Construction demand set to climb

Demand set to surge on recovering construction industry across the region.

June 6, 2010 3:15

Dubai rents to fall

New report says increase in supply will lead to continuing falls in rent.

May 31, 2010 3:44
Abu Dhabi landlords name their price

Abu Dhabi landlords name their price

According to a property law soon to be implemented in the emirate, landlords could become the new arbiters of rental rates.

March 11, 2010 7:20

Oil price stability achieved, says UAE minister

The oil market is well supplied, Mohammed al- Hamli, the UAE’s oil minister said on Tuesday.

March 2, 2010 4:43
Not so hot property

Not so hot property

Faced with an oversupply of units and a severe lack of demand, the UAE real estate industry needs to become more transparent in order to boost investor confidence, say analysts.

February 15, 2010 4:29