Qatar is one of the ‘best placed’ GCC countries to weather the current fall in oil prices, PwC announced in its new report and has forecasted the country’s real GDP to grow by 6.5 per cent in 2015, and average around 6.2 per cent a year between 2016 and 2019
Industry
Gulf Petrochem to start bunker operations at UAE port
UAE-based global bunker supplier Gulf Petrochem has announced that it will begin offering bunkers at the port of Khor Fakkan
Harsco Infrastructure is now SGB in Egypt
Egypt’s Harsco Infrastructure announced that the company has reverted to its former brand name SGB, following a change in ownership
Crude oil prices likely to gather momentum latter half of 2015
Crude oil prices might hit rock bottom in the first half of 2015 until a possible slowdown in US shale production counters the supply glut by OPEC’s decision to not cut output, Reuters monthly survey revealed
Leistritz opens new office in the Middle East
Boosted by growing sales of screw pumps in the Middle East, Leistritz Pumpen GmbH, the German manufacturer of screw pumps, has opened an office in the UAE, located in the Sharjah Airport International Free Zone (SAIF-Zone)
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