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S. Korea secures Abu Dhabi Oil in huge deal

Ensures S.Korea's stakeholding in over 1 bln bbls reserves; MOU worth $97.7 bln on oil prices now -presidential office; Also agrees to develop 3 oil areas with 570 mln bbls; S.Korea to store 6 mln bbls of Abu Dhabi crude "for free"; S.Korea oil self-sufficiency rate eventually to be 15 per cent

March 13, 2011 2:50
 
United we stand, divided we fall

United we stand, divided we fall

At a macro-economic level – or ‘big economy stuff’, as we prefer to call it – the lesson of the global downturn is that we are stronger together than we are apart.

February 7, 2011 3:01
 

GCC’s $100 billion on rail

Infrastructure investments are on the right track – literally.

June 29, 2010 3:18
 

UAE dollar peg to remain

Sheikh Mohammad says the UAE will avoid a GCC currency union until it is profitable.

June 26, 2010 12:34
 

Growth hopes for UAE, Qatar, and Saudi are down

New poll suggests growth prospects for Gulf economies have worsened this year.

June 18, 2010 7:54
 
In the Arabic press this week

In the Arabic press this week

Kipp takes a look at some editorials from the Arabic press. This week: Hailing regional economic cooperation; Integrating the GCC; Jordan’s new taxes.

June 17, 2010 5:49
 

Kuwait asks for electricity from GCC electrical grid program

Responses from gulf nations have been ‘discouraging,’ sources say.

June 16, 2010 7:53
 

UAE stocks significantly undervalued

New survey says that investors believe stocks on Dubai and Abu Dhabi exchanges are undervalued.

June 15, 2010 3:42
 

GCC must face gas shortage

New report says GCC countries may soon have to start importing gas after years of exporting it.

June 14, 2010 4:01
 

Construction demand set to climb

Demand set to surge on recovering construction industry across the region.

June 6, 2010 3:15
 
The expat invasion

The expat invasion

Recently released figures from the National Bureau of Statistics paint a revealing portrait of the UAE today, not least the division of economic activity between expats and nationals.

May 30, 2010 1:01
 

Bahrain nominates new candidate to head GCC

Bahrain nominated a new candidate to head the Gulf Cooperation Council on Friday, responding to mediation efforts by Saudi Arabia to calm a Qatar-Bahrain row over a previous nominee.

May 29, 2010 2:51
 

GCC single currency delayed

Original 2010 time line is now out of reach; analysts see 2015 as next earliest possibility.

May 26, 2010 9:58
 

UAE to be slowest growing economy

The UAE is set to be the slowest growing economy in the GCC over 2010 and 2011, according to the IMF.

May 25, 2010 4:19
 
Upsides to a downed euro

Upsides to a downed euro

As the euro flirts with a four-year low against the dollar, analysts discern upsides for Europe and the Mideast.

May 24, 2010 4:54
 
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