Thursday 10 July 2014
 
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Oil revenues

GCC oil windfall boosts govt spending power

The risk premium on oil prices caused by the political unrest across the Middle East and disrupted Libyan output has provided extra spending power for GCC governments, said a report. Each dollar increase in oil prices adds around $4.5 bill

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Oman oil revenues up 37pc in Jan-Feb

Oman's oil revenues increased 37 per cent to RO1.21 billion ($3.14 billion) in the first two months of 2010 compared to the same period last year, the central bank statistics said on Thursday. The non-Opec member's revenues in the

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Saudi oil revenue may fall 42pc

Saudi Arabia's oil export revenues could fall 41 per cent to $172 billion next year due to lower production and prices, a local investment bank said. This will result in the kingdom posting real economic growth of 1.5pc next year, whic

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Saudi oil revenue may fall 42pc

Saudi Arabia's oil export revenues could fall 41 per cent to $172 billion next year due to lower production and prices, a local investment bank said. This will result in the kingdom posting real economic growth of 1.5pc next year, whic

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Kuwait budget surplus may top KD8bn

Kuwait budget expenditures may fall by 5-10 per cent below the government’s forecast of KD11.3 billion, thanks to ballooning oil revenues, a study by National bank of Kuwait (NBK) said. This may leave an overall surplus of KD7.7–9.1 billio

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