Friday 26 May 2017
 
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oil price

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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Bahrain's credit rating ‘backed by wealth values’

Bahrain's Ba2 credit rating with a negative outlook is supported by the country's high wealth levels, a diversified economy and the positive net international investment position, Moody's Investors Service said in a report.

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Saudi reversal of allowance positive for economy

Saudi Arabia’s decision to reverse allowance cut is likely to boost overall consumption in the economy, as higher disposable income will benefit core consumption sectors i.e. retail and food sectors, a report said. Notably t

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Oil price slump could rock bond markets

This could be a quarter that sees relative stability in global bond markets but a dive in the oil price or geopolitical risk could be the rock on which the steady ship founders. Entering springtime and summer always brings in a ce

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Oil prices could drop to $40 per barrel: Russia

Oil prices are expected to decline to $40 per barrel and stay at that level after that, media sources quoted the Russian Minister of Economic Development as saying. "The basic precondition from the standpoint of oil price is

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Oil prices could drop to $40 per barrel: Russia

Oil prices are expected to decline to $40 per barrel and stay at that level after that, media sources quoted the Russian Minister of Economic Development as saying. "The basic precondition from the standpoint of oil price is

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Oil price slump hits GCC consulting sector

The recent slump in oil prices has constrained activity for consultants in the GCC, a report said, adding that the market worth $2.84 billion has slowed to about six per cent growth in the last two years from 15 per cent in 2014.

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UAE 'role model for reforms in the region'

The economic reforms implemented by the UAE is a role model in mitigating the oil price challenges, said Mohammed Alardhi, executive chairman of Investcorp, a leading provider and manager of alternative investment products. &ldquo

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Oil to average $50 to $70 through 2022: report

Brent crude oil prices will average $50 to $70 per barrel (/bbl) through 2022, according to an annual medium-term supply/demand analysis conducted by Bank of America Merrill Lynch (BofAML). While global oil consumption has expande

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