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StanChart offers insight on economic outlook at summit

May 30, 2017

Standard Chartered Bank provided an in-depth insight and analysis on the global regional and local economic outlook as well as the financial picture for the rest of 2017 and beyond at its Middle East ... View more

GCC construction outlook bright despite spending cuts

April 30, 2017

The outlook for construction companies in the GCC is poised to improve in 2017 as the region still offers significant opportunities for construction companies said a report. The region s strongest mar... View more

HCE to host Philippines economic outlook seminar

April 22, 2017

The Embassy of Philippines in association with Hilal Conferences Exhibitions (HCE) will host a conference on the Philippine Economic Outlook and Consumer Behaviour on April 25 at the Bahrain Internati... View more

World economic outlook: Gaining momentum?

April 19, 2017

With buoyant financial markets and a long-awaited cyclical recovery in manufacturing and trade under way world growth is projected to rise from 3.1 per cent in 2016 to 3.5 per cent in 2017 and 3.6 per... View more

N Africa stable outlook ‘reflects reform momentum’

January 16, 2017

The stable outlook for sovereign creditworthiness in the Levant and North Africa in 2017 reflects the lower for longer energy price environment as well as the reform momentum in the region despite pol... View more

Online hiring slows in UAE, but 2017 outlook positive

January 2, 2017

While online job postings in the UAE dropped by 35 per cent year-on-year during November evidence suggests that 2017 will be a better year for job seekers says an industry expert. According to researc... View more

Outlook bleak for ME, Turkish nonfinancial corporates

December 17, 2016

Low economic growth weak consumer and business confidence and foreign exchange volatility will keep the overall outlook for Middle Eastern nonfinancial corporates and their Turkish and South African c... View more

Petronas’ net slumps outlook

August 29, 2016

Malaysian state-owned oil firm Petroliam Nasional Bhd (Petronas) said low oil prices dragged quarterly profit down 85 per cent and labelled the industry outlook gloomy well into 2017. Petronas has see... View more

‘Tougher’ outlook seen as explorers cancel deals

February 29, 2016

Offshore rig owners around the world are suffering from the double whammy of a glut of new vessels entering the market at the same time as falling crude prices force oil explorers to cut spending The ... View more

Petronas projects dismal outlook

February 1, 2016

When Malaysian oil giant Petronas announced sharp spending cuts and described a dismal outlook this week it was confirmation for millions that they will struggle to make ends meet this year amid high ... View more

Seychelles shares a positive outlook

January 1, 2016

October 2015 became a record month for Seychelles tourism with a total of 27 477 tourists marking an increase of 18 per cent over October 2014. Part of the credit goes to diversifying its source marke... View more

Norway’s offshore shipping outlook dims

December 7, 2015

Norwegian companies that provide supply ships and drilling rigs to the global oil industry face a bleak year ahead as contracts disappear and financing options dwindle in the face of weak global crude... View more

Stuck in the pipeline – project delays hit industry outlook

November 30, 2015

Douglas-Westwood (DW) expects onshore pipeline capital expenditure to grow modestly to 220 billion between 2015 and 2019 according to the latest edition of the World Onshore Pipelines Market Forecast ... View more

Oil sector slips into the red as outlook dims

November 9, 2015

The oil sector is slipping into the red after years of fat profits as the steep slump in oil prices shows little sign of ending with this quarter shaping up to be the worst since the downturn started.... View more

Optimisation can spell positive outlook for olefins producers

May 25, 2015

By establishing an integrated olefins optimisation process petrochemicals companies can maximise profitability from the plant furthering operational excellence from design through production says Ron ... View more

Neste oil cuts profit outlook

September 7, 2014

Finland s Neste Oil has cut its profit outlook for the full year as expected due to previously announced plant damage at its Porvoo refinery. Neste said it had reduced output and shut one diesel produ... View more

Petrobras net falls 30pc, meets outlook

May 15, 2014

Petrobras as the company is known reported net income of 5.39 billion reais ( 2.43 billion) in the quarter compared with 7.69 billion reais a year earlier. The result was in line with the 5.24-billion... View more

Outlook improving as Q3 profits rise: Sabic

November 3, 2013

Higher sales helped Saudi Basic Industries Corp (Sabic) post a rise in third-quarter net profit in line with analyst forecasts as the chief executive officer said the outlook for next year was improvi... View more

Opec ‘comfortable’ with 2014 oil outlook

October 3, 2013

The Organization of the Petroleum Exporting Countries (Opec) Secretary General said he was comfortable with the market outlook for 2014 and a forecast drop in demand for Opec oil was not large indicat... View more

BG cuts production outlook for third time

September 12, 2013

Oil and gas firm BG Group cut its production outlook for the third time in a year announcing delays in getting new projects under way in Egypt and Norway that it said would reduce next year s output a... View more

Petrobras’ Q4 profit rises, beats outlook

February 7, 2013

Brazil s state-led oil company Petroleo Brasileiro said that fourth-quarter net profit rose 53 per cent from a year earlier as unexpected financial gains made up for rising operational costs. Consolid... View more

Petrobras Q1 net falls 16pc, beats outlook

May 21, 2012

Brazil s state-led oil company Petrobras said that first-quarter profit fell 16 per cent as losses on refining as well as rising operational and exploration costs ate into growing revenue. Results tho... View more

Oil firms target Asia on bleak US outlook

September 12, 2011

Oil producers from Brazil to Azerbaijan are targeting Asia to expand sales as growth falters in the US and Europe highlighting confidence that the world s fastest-growing energy market will offset any... View more

Oil demand outlook dims as economies sputter

August 14, 2011

A sharp slowdown in economic growth particularly in the US is hitting oil consumers and companies forcing analysts to slash estimates for global oil demand. In a report to be published in the next few... View more

Airline industry 2011 profit outlook slashed

June 5, 2011

THE International Air Transport Association (IATA) further downgraded its 2011 airline industry profit forecast to 4 billion. This would be a 54 per cent fall compared with the 8.6 billion profit fore... View more

Schlumberger outlook promising, Q1 tough

May 2, 2011

Schlumberger and Weatherford International said the outlook was promising for oil field services as clients speed up exploration due to the geopolitical shocks lifting oil prices. The stronger outlook... View more

PetroRabigh’s margins good, outlook cloudy

April 10, 2011

Saudi-based PetroRabigh is satisfied with refining margins at the moment but the world economy may run into more headwinds that reduce demand for oil products its chief executive said. The company a j... View more

Moody’s changes global E&P outlook to positive

April 10, 2011

MOODY S Investors Service has changed its outlook for the global exploration and production (E&P) industry to positive from stable. Moody s expects the ongoing surge in oil prices to more than offset ... View more

US oil, gas drilling on upswing; brighter outlook in 2011 seen

March 28, 2011

US oil and gas drilling activity is expected to increase by more than 10 per cent in 2011 according to a report. World Oil s 2011 Upstream Forecast Report found that oil and gas drilling in the US has... View more

Big guns speak at Aviation Outlook

February 1, 2011

MIDDLE East aviation is forecast for tremendous growth in the coming years with the Mena hub capacity expected to reach 200 million by 2018 and the high-level meeting of experts at Aviation Outlook Me... View more

Outlook rosy for renewables in Asia and the Mena region

January 31, 2011

SENIOR business leaders and executives from some of the world s leading renewable energy firms have discussed the key drivers fuelling the growth of the renewable energy industry at the World Future E... View more

Drillers’ Gulf outlook in regulatory fog

September 26, 2010

A drilling rebound in the Gulf of Mexico next year is vital to replace declining production there but it will be done at higher cost and with greater regulatory uncertainty executives said. So where d... View more

Sasol’s profit up 5pc, cautious on outlook

September 20, 2010

Sasol the world s top maker of motor fuel from coal reported a 5 per cent rise in full-year profit as higher oil prices and increased production volumes offset a stronger rand. The South African petro... View more

PetroChina Q2 net up on oil, outlook rosy

September 6, 2010

HONG KONG: PetroChina the world s second-most valuable oil and gas producer after ExxonMobil sees high oil prices lifting profit in the second half after second-quarter figures missed forecasts. The c... View more

Vopak ups outlook as H1 beats estimates

September 6, 2010

AMSTERDAM: Dutch oil and chemicals storage firm Vopak s operating profit rose 21 per cent in the first half driven by oil product storage and it raised its outlook for 2010 and beyond. Vopak shares ha... View more

Schlumberger profit up, outlook steady

August 2, 2010

Oil field services leader Schlumberger increased its quarterly profit on brisk activity on land in North America but its shares dropped nearly 5 per cent as analysts had hoped for more. While uncertai... View more

Imex 2010 signals global growth and strong business outlook

April 29, 2010

The eighth Imex will open on May 25 2010 at Messe Frankfurt with its largest ever hosted-buyer programme in place and buyer exhibitor and trade visitor targets all on course for year-on-year growth. W... View more

Outlook for oil and gas sector seen positive for this year

March 22, 2010

ENERGY market sentiment remains relatively positive amid rising economic expectations according to the latest quarterly market outlook from Ernst & Young s Global Oil & Gas Centre. David Barringer Ern... View more

Energy drillers’ outlook cloudy

January 25, 2010

Executives at oilfield services companies have struck a tone of cautious optimism to start the new year hinting at nervy months aheadas they try to regain their composure after a cataclysmic 2009. Wit... View more

As profits fall, majors paint sluggish outlook

November 9, 2009

ExxonMobil Royal Dutch Shell and Eni dashed hopes for an imminent turnaround for the oil industry saying sluggish economic recovery was weighing on energy demand and prices. The three posted big drops... View more

Strong outlook for Mexico’s long term tourism

October 1, 2009

MEXICO S tourism economy is expected to increase by about five per cent per year over the next 10 years despite the outbreak of swine flu according to the World Travel and Tourism Council (WTTC). The ... View more

Chevron’s profit falls 71pc, but outlook up

August 6, 2009

Chevron posted a 71 per cent drop in profit on weaker energy prices and fuel demand due to the economic slump but it raised estimated 2009 output and said cost cuts were on track. The profit was short... View more

Oil service firms surge on brighter outlook

August 3, 2009

Oilfield service companies brought a glimmer of optimism to a hard-hit sector beating earnings expectations and raising hopes that oil and gas producers could restart stalled spending programmes. Fran... View more

Halliburton’s profits slide; outlook weak

April 26, 2009

Oilfield services company Halliburton Co posted a drop in quarterly profit and gave a weak outlook as energy companies cut spending though the profit topped forecasts and its shares rose. US natural g... View more

‘Business outlook for 2009 is good’

January 25, 2009

AULD ALLIANCE Trading (AAT) FZCO was established in July 2007 in the Jebel Ali Free Zone in Dubai in the UAE. The company supplies steel and piping packages to the offshore industry. Its main focus is... View more

Bleak outlook for US refiners

December 11, 2008

Even by the standards of a deep-cyclical industry the golden age of oil refining has proved remarkably brief lasting no more than three years before giving way to a new dark age. Particularly in the U... View more

Strong outlook for IMEX proves successful strategy

November 24, 2008

Strong demand from intermediaries especially in the US and Middle East to bring hosted buyers to IMEX 2009 is the clearest endorsement yet of the success of its long term strategy to concentrate on gl... View more

PetroChina, Sinopec Q3 mixed; outlook up

November 9, 2008

PetroChina Asia s top oil and gas producer beat forecasts with a 30 per cent rise in quarterly earnings but higher crude prices pushed earnings for its chief rival Sinopec down 39 per cent. High inter... View more

Schlumberger profit up, outlook bullish

July 27, 2008

Schlumberger posted a better-than-expected jump in quarterly profit and the world s largest oilfield services company gave an upbeat outlook for energy companies spending on oil and gas exploration th... View more

KPC cautious on fiscal outlook

April 15, 2002

Kuwait s state oil firm Kuwait Petroleum Corporation (KPC) is projecting an income of 14 billion in the fiscal year which started this month. But KPC could secure a much higher revenue for the 12 mont... View more

Hyatt sees bright outlook

April 2, 2002

Leisure traffic is picking up in Oman although the meetings and conference market continues to lag says Grand Hyatt Muscat director of business development Folkert Van Dijk. Van Dijk said the hotel ha... View more

PTT posts $493.4m profit but outlook is less rosy

March 11, 2002

Thai upstream oil and gas firm PTT Plc posted a 2001 profit at the high end of market expectations but analysts said the picture would be less rosy this year. PTT posted a net profit of 21.6 billion b... View more

Healthy Asian outlook as gas sector sizzles

January 22, 2001

The outlook for gas exploration in Asia buoyed by the recent inauguration of the West Natuna Transmission System (WNTS) should remain healthy for the next five years industry sources said. Sufficient ... View more

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