Growth

  • ADNOC Distribution Records Net Profit of AED 631 million in Q1

    ADNOC Distribution Records Net Profit of AED 631 million in Q1

    Tuesday, 11th May 2021

    ADNOC Distribution company announced that it has achieved net profit worth AED 631 million during Q1 of 2021 including Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) of AED 740 million.

  • ADNOC Distribution Achieves 2020 Growth Strategy

    ADNOC Distribution Achieves 2020 Growth Strategy

    Tuesday, 26th January 2021

    ADNOC Distribution announced that it managed to achieve its growth strategy during 2020 by increasing its services station network and modernizing its ADNOC Oasis convenience stores.

  • China’s Oil Throughput Decreases to 14.9 mmbl/d in December

    China’s Oil Throughput Decreases to 14.9 mmbl/d in December

    Monday, 18th January 2021

    Chinese oil productivity has gradually declined by 0.5% reaching 14.9 million barrels per day (mmbl/d) in December 2020 after recording a high in November. While the country’s total crude proceeded during 2020, jumped up 2.7% reaching 13.51 mmbl/d compared to the previous year.

  • Asian Gas Oil Demand to Grow in 2021

    Asian Gas Oil Demand to Grow in 2021

    Monday, 11th January 2021

    The Asian gas oil demand is expected to grow in 2021 driven from expectations of increase in the consumption especially during the second half of the year.

  • Saudi Mining Sector Increases 3.1% During Q1 2020

    Saudi Mining Sector Increases 3.1% During Q1 2020

    Tuesday, 4th August 2020

    Saudi Mining Sector has achieved growth 3.1% during the Q1 of the current year despite the exceptional circumstances of Coronavirus pandemic.

  • Egypt’s Growth to Reach 4.5% in 2017/2018

    Egypt’s Growth to Reach 4.5% in 2017/2018

    Thursday, 11th January 2018

    Egypt’s growth has been forecasted to increase to 4.5% during fiscal year (FY) 2017/2018, compared to 4.2% in FY 2016/2017, due to the ongoing economic reforms and the developed business climate.

  • IMF Cuts Nigeria’s Growth Forecast to 2.3% in 2016

    IMF Cuts Nigeria’s Growth Forecast to 2.3% in 2016

    Monday, 4th April 2016
    The International Monetary Fund (IMF) cuts again its growth forecast for Nigeria as the oil exporter faces "substantial challenges" due to low crude prices.
  • UAE Key Stabilizer in Future Oil Markets

    UAE Key Stabilizer in Future Oil Markets

    Sunday, 15th November 2015
    "The UAE played a key role in the political stability of this region and the UAE will play ... a key role in the stability of the market," the UAE oil minister Suhail al-Mazrouei was quoted as saying.
  • Mining to Make Major Contribution to Saudi Diversification

    Mining to Make Major Contribution to Saudi Diversification

    Thursday, 29th October 2015
    Saudi Arabia's plans to diversify its economy away from oil gained additional imputes with the announcement that the country's mining sector is set to triple by 2030.
  • UAE Struggles Over Predicting Ideal Oil Price for its Budget

    UAE Struggles Over Predicting Ideal Oil Price for its Budget

    Tuesday, 27th October 2015
    Oil at $50 a barrel is a “gift to the world” as prices should be low enough to spur economic growth, explained Ali Al Mansoori head of Abu Dhabi’s Department of Economic Development