Thursday 22 August 2019
 
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Oil Prices

Oil prices dictated by market, not Opec: UAE minister

Opec and its members don’t control oil prices and that the market dictates them, Suhail Mohamed Faraj Al Mazrouei, UAE’s Minister of Energy and Industry was quoted as saying in a media report. "What Opec strives t

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Oil to trade in $60-$70 range by mid-2019: Apicorp

Oil prices are likely to trade between $60-$70 per barrel (b) range by mid-2019, barring sharp economic slowdown, said Arab Petroleum Investments Corporation (Apicorp), a multilateral development bank, in a new research report on the global oil

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Oil to trade in $60-$70 range by mid-2019: Apicorp

Oil prices are likely to trade between $60-$70 per barrel (b) range by mid-2019, barring sharp economic slowdown, said Arab Petroleum Investments Corporation (Apicorp), a multilateral development bank, in a new research report on the global oil

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Mideast housing markets 'in doldrums' as low oil bites

The Middle East housing sector is now in the doldrums, with Egypt and UAE ranking as two of the three weakest housing markets in the international house price survey conducted by Global Property Guide, a research house. This is no

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UAE increases annual spending by 15.6pc

The UAE adopted a general expansionary fiscal policy during the first quarter of 2018 and increased its overall annual spending by 15.6 per cent due to the recovery in oil prices, which led to increased proceeds from petroleum-based products.

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Mena growth set for modest rebound in 2018, new jobs vital

Growth in the Middle East and North Africa (Mena) region is projected to rebound to an average of 2 per cent in 2018, up from an average 1.4 per cent last year, according to a new World Bank report. The modest rebound in growth is

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Oil prices 'heading lower this year, to sink further in 2019'

Oil prices are heading for a downturn later this year and will sink even lower in 2019 as the fundamentals of supply and demand weaken, said a report.   Despite oil prices recently rising to three-and-half year h

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UAE current account surplus tops $26bn in 2017

The UAE current account surplus surged to Dh97.1 billion ($26.4 billion) in 2017, accounting for 6.9 per cent of the Gross Domestic Product (GDP), from Dh48.5 billion, 3.7 per cent of GDP, in 2016, a media report said. The upsurge

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Oil prices to peak in mid-2019: BofAML

Brent crude oil prices are expected to trend gradually higher, hitting an average of $80 per barrel (/bbl) by mid-2019 before gradually trending lower to an average of $71/bbl by end-2019, said Bank of America Merrill Lynch (BofAML) in a new rep

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Oil prices to peak in mid-2019: BofAML

Brent crude oil prices are expected to trend gradually higher, hitting an average of $80 per barrel (/bbl) by mid-2019 before gradually trending lower to an average of $71/bbl by end-2019, said Bank of America Merrill Lynch (BofAML) in a new rep

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