Construction output prices rise 2.9%

The Statistical Service CYSTAT has produced a quarterly index of output prices in construction going back to the first quarter of 2000. According to these figures, output prices in construction rose in

Saudi Arabia to raise oil output

Oil price futures fell on Tuesday after Saudi Arabia pledged to increase crude oil production from 9,5 to 12.5 mln barrels per day within three years, and to 15 mln barrels per

EU to launch its own web domain

The European Commission has said that the new internet domain name “.eu” will be up and running by the end of 2005, the BBC reported. The commission says the move will allow