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Tuesday, 06 January 2009 18:45 UAE time

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Oil price rises above $50 to one-month high

Oil price rises above $50 to one-month high

Energy
UPDATE 1: Tension in Middle East, supply cuts by OPEC exporters boost oil price.

New Bahrain energy services firm to create 250 jobs
Energy
Singapore-listed MTQ wins approval to operate in Gulf state's oil and gas industry.

Iraq bid to attract more international oil companies
Energy
Oil ministry launches process to qualify more firms as it seeks to double output.

Price of crude oil rises for third day
Energy
Fear the Gaza conflict will spread escalate across the Middle East is pushing up crude oil prices.


more »MIDDLE EAST ENERGY COMMENT

Rocky road ahead
2009 will prove tight for new entrants, but relationships built in the last cycle will sustain the established upstream players.

Daniel Canty  

Russia talks it up
Despite clamour in the trade and consumer press growing about Russia, Iran and Qatar forming a gas cartel, it's unlikely anytime soon.

Daniel Canty

more » MIDDLE EAST MARKETS DATA

DFM

Last Price:

1,743.90

-19.30-1.09%

6 Jan 2009 09:59 GMT
(Market Closed)

ADX

Last Price:

2,555.54

+29.87+1.18%

6 Jan 2009 09:57 GMT
(Market Closed)

SSE

Last Price:

5,289.73

+109.38+2.11%

6 Jan 2009 12:30 GMT
(Market Closed)

CURRENCY CONVERTOR

more »OTHER MIDDLE EAST BUSINESS NEWS STORIES


SPOT POLL

What effect do you think Dubai's in-coming rental index will have on the spiralling cost of rents?

No effect as the regulatory agency has no powers to enforce the index.
Will stop one-off extortionate rent hikes, but will have little impact on overall rises.
Will improve the overall situation as tenants will have more power to challenge unfair hikes.
Will solve all problems with rents.
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BUSINESS FEATURES

Qatar steps on the gas

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Brain drain

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