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Mideast region climbs up the ‘hygiene’ ladder

  ABU DHABI / Emirates Business The demand for tissue products, especially in the away-from-home (AfH) sector, in the Near and Middle East remains robust, a recent study reveals. According to the ‘Outlook for World Tissue Business Forecast’ by RISI, the region will witness a surge in the sector at an average annual rate of 6.5 per cent from 2013 ...

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Oil trades near $40 after retreat into bear market

  Bloomberg Oil traded near $40 a barrel before weekly U.S. government stockpile data and after falling into a bear market on concern the global supply glut will persist. Futures added 0.4 percent in New York after dropping below $40 on Monday for the first time since April. While crude and gasoline inventories are forecast to have declined, they will ...

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Analysts see $57 crude next year

  Bloomberg Oil closed in a bear market, but don’t abandon hope. Analysts are looking beyond the current slide to next year for a rebound. Crude has plunged by more than a fifth in less than two months as refineries created a glut of gasoline while failing to eliminate excess supply of crude. That wrecked refining margins and hurt the ...

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