Friday 23 February 2018
 
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Oil Prices

Saudi growth recovers on high oil prices: report

Saudi Arabia’s economic activity has bottomed out as high oil prices are allowing implementation of looser fiscal policy and containing near-term fiscal deterioration, said the Bank of America Merrill Lynch (BofAML) in a new report.

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Oil markets will balance in 2018: Iraqi minister

With global crude stockpiles falling and demand on the rise in China and India, oil prices will rise in 2018, Iraq’s Oil Minister Jabbar Al-Luaibi was quoted as saying in a media report. "I am very optimistic that in th

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Stable 2018 outlook for GCC companies: Moody’s

Higher oil prices and continued public spending support the stable 2018 outlook on non-financial companies in the GCC, said Moody’s in a new report.  Conversely, the 2018 outlook for companies in both Turkey and South A

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Oil gains as US stockpiles decline, Opec cuts weigh

Oil extended gains on Thursday as signs of declining US stockpiles and ongoing supply cuts led by Opec pointed to healthy demand while investors weighed potential disruptions to supply because of global geopolitical tensions. Futu

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Saudi Aramco IPO set for 2018, says oil minister

Saudi Arabia is still aiming to complete both international and domestic portions of the initial public offering of Aramco, in 2018, reported state news agency Wam, citing the Saudi Oil Minister Khalid Al Falih. He was sp

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Saudi Aramco says no plans to shelve $2trn listing

Saudi Aramco has dismissed reports that it is considering shelving plans for the world’s biggest ever flotation, with the state-owned oil company saying the $2 trillion listing was on track for next year. Amid concerns about

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Abu Dhabi's GDP set to hit $231bn in 2017

Standard & Poor’s has forecast Abu Dhabi GDP to rise to Dh850 billion ($231.3 billion) and Dh890 billion ($242 billion) at current prices in 2017 and 2018 respectively, attributing the growth to the momentum witnessed by the oil and no

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ME economic growth prospects improve for 2018: PwC

While the economic and fiscal outturns for the first half of the year are less than anticipated, momentum is building in key parts of the region, suggesting stronger economic growth could return in 2018, said an industry expert. R

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Hurricane Harvey ‘will test rangebound oil price’

Brent prices have not deviated by more than $5 from $50 since the first quarter of 2016 on a quarterly basis, but Hurricane Harvey will test that rangebound trend, said Barclays, a leading British financial services provider. &nbs

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UAE economy to bounce back as oil prices recover, says IMF

The UAE is weathering the post-2014 oil shock well and the country's economic activity is expected to strengthen gradually in the coming years with firming oil prices and other global indicators, and an easing pace of fiscal consolidation, a

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