Friday 22 September 2017
 
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oil price

Arab GDP up 2.9pc in 2016 due to oil price hike

The Arab Gross Domestic Product last year increased to 2.9 per cent from 2.5 per cent in 2015 driven by oil price hike, according to state news agency Wam.   The growth was mainly due to a set of economic reforms emb

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Oil drives Saudi Arabia’s fiscal deficit lower in H1

Saudi Arabia’s budget deficit, which fell to SR72 billion ($19 billion) in the first six months of the year, half of the first-half 2016 deficit, reflects a sharp increase in oil revenues from higher oil prices, Moody’s said.

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Low oil hitting working capital in Middle East

Overall working capital performance in the Middle East has decreased by nine days in 2016 bringing the total decline to 14 days since 2014 with lower oil prices being cited as one of the main reasons for the decline, a report said.

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Sharp fall in Mideast business confidence

Business confidence across the Middle East has fallen sharply in the last quarter and is now at its lowest level since the second quarter of 2016, according to the latest edition of the Global Economic Conditions Survey (GECS). Th

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Sharp fall in Mideast business confidence

Business confidence across the Middle East has fallen sharply in the last quarter and is now at its lowest level since the second quarter of 2016, according to the latest edition of the Global Economic Conditions Survey (GECS). Th

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Kuwait non-oil business to see 4pc growth

Kuwait’s non-oil growth is expected to improve to 3.5-4 per cent in 2017 and 2018, while inflation is also expected to remain in check as pressures from housing rent ease, and despite some upward pressures from subsidy cuts, a report said.

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Kuwait non-oil business to see 4pc growth

Kuwait’s non-oil growth is expected to improve to 3.5-4 per cent in 2017 and 2018, while inflation is also expected to remain in check as pressures from housing rent ease, and despite some upward pressures from subsidy cuts, a report said.

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Commodities slump on growth worries, gold shines

Two weeks of steep losses have seen the Bloomberg Commodity Index once again trade close to a one-year low with all sectors apart from precious metals suffering  losses this past week, not least energy and soft commodities, not least energy

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Dubai airports to see 90m passengers by year-end

The number of passengers passing through Dubai’s two airports is expected to rise to 90 million by the end of 2017, said the chief executive officer of Dubai Airports. “We are planning to increase the capacity of Dubai

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Brent to average $54 in 2017: report

With global oil stocks still too high and US supply recovering faster than we anticipated, Brent is seen averaging $54 per barrel in 2017 and $56 per barrel in 2018, says a Bank of America Merrill Lynch (BofAML) report. The sharp

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