All posts tagged "oil prices"
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AnalysisDrilling down: How the oil price slump is affecting the construction industry
2016 was the worst year on record in terms of the value of project contracts awarded across all sectors in the GCC...
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ConsultantOil crash ‘creates new opportunities’ for consultants
The crash in oil prices has created new opportunities for construction consultants in the Gulf, says Neil Reynolds, senior vice president and...
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FleetUAE commercial vehicle market ‘to grow 7.5% by 2021’
The UAE market for commercial vehicles is set to grow 7.5% by 2021, according to a new report by TechSci Research, a global...
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AnalysisTough times ahead: Gulf construction outlook for 2016
Last year was a challenging one by all accounts, globally and within the GCC. Perhaps the most significant factor driving uncertainty in...
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InfrastructureLow oil prices to hit Gulf infrastructure spend – JLL
Low oil prices are leading to a fiscal restructuring across GCC nations, which will likely lead to cuts in infrastructure spending, according...
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ConstructionSaudi Binladin Group to lay off 15,000 workers – Reuters
Construction giant Saudi Binladin Group plans to lay off around 15,000 staff, as the impact of low oil prices continues to be...
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Opinion
Crude awakening for the UAE property market
Plunging oil prices have been a matter of concern for a while now, particularly in a region like the GCC, which is...
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Opinion
Time to batten down the hatches for profitability
As any longstanding business in the Gulf knows, longevity in these markets relies on being resilient and cautious. In the construction sector,...
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InfrastructureGulf infrastructure projects moving despite oil slump, says Atkins exec
Gulf infrastructure works are largely unaffected by the slump in oil prices, despite some fears that major construction projects would be hit,...
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Opinion
All eyes on oil
Over the last few months, the price of oil has been in steady decline, from above $105 a barrel in June down...
