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Economy: UAE expects 3 to 3.5 per cent GDP growth in 2015 and 2016

Dubai to clock 4 per cent, while Abu Dhabi is set to grow nearly 5.2 per cent

December 20, 2015 3:38
Businessperson With Stack Of Coins

Oil plunge slows Gulf deposit growth

Wealthy GCC governments have ways to ease pressure on banks

March 3, 2015 4:07

Austerity? Not for us, say rich Gulf states as oil slides

GCC could keep growing for years in this environment

January 12, 2015 5:10

Saudi under OPEC pressure to prevent oil price collapse

OPEC likely to renew 30 mln bpd output target; Extra Saudi oil has lifted actual supply to 31.6 mbpd; some fear price collapse if Saudi doesn't cut back

June 13, 2012 5:48

Qatar plans to spend $49 billion in 2012/13 – QNA

Qatar set its budget with expenditures of 178 billion riyals ($49 billion) for the new fiscal year of 2012/13 and revenue of 206 billion riyals, the state news agency QNA reported.

May 29, 2012 6:01
Saudi to fill “perceived or real” oil supply gap

Saudi to fill “perceived or real” oil supply gap

Top oil exporter Saudi Arabia stands ready to fill any oil supply gap - "perceived or real" - as oil prices rally on fears of a potential loss of Iranian output.

March 14, 2012 1:33
Oil slips under $125 on growth concerns

Oil slips under $125 on growth concerns

Oil prices fell on Monday, snapping four days of gains as worries over supplies from the Middle East eased and investors focused on the health of the global economy and fuel demand.

March 12, 2012 2:04

Iran says oil would go over $250 if exports banned

Iran's Foreign Ministry believes that if the West seriously considered blocking Tehran's ability to export oil, the global price of crude would more than double, Foreign Ministry spokesman Ramin Mehmanparast was quoted as saying on Sunday.

December 4, 2011 1:43

UAE cites $80-$100 “reasonable” oil price

UAE oil min Hamli says $80-$100 oil is reasonable; UAE not cutting back on extra output yet

October 31, 2011 10:54

Iran official sees West’s troubles curbing oil price

Iran says international crude oil prices will not rise with the onset of the cold season due to the continuing global economic slump, state broadcaster IRIB quoted an official on Saturday as saying.

September 17, 2011 3:38