Industry

Moody's: GCC asset managers face pressure due to low oil prices and COVID-19

GCC asset managersThe profitability of asset managers in most Gulf Cooperation Council (GCC) countries will face moderate to high pressure over the next 12-18 months, reflecting the coronavirus crisis and an accompanying drop in oil prices, according to Moody’s Investors Service report

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Fitch lowers Bahrain’s rating due to lower oil prices and COVID-19 impact

Fitch Bahrain ratingFitch Ratings has downgraded Bahrain's long term foreign currency issuer default rating (IDR) to 'B+' from 'BB-', reflecting the double impact of lower oil prices and the COVID-19 on the country

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UAE ranks first among GCC countries in oil diversification efforts, says UBS

oil refinery GCC UBSThe UAE ranks first among GCC countries in oil diversification efforts as it gears up for the post COVID-19 era, according to a report by UBS

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Tendeka partners with TGT to combat sand control failure in wells

tendekas tgt septTendeka has partnered with TGT to mitigate and combat the costly consequences of sand control failure in wells

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LOC announces strong adoption of remote DP inspection service

LOC ORA ORMELOC, global marine and engineering consulting firm, has announced successful rollout of its remote dynamic positioning (DP) inspection service, since its launch in early June

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