Friday 19 September 2014
 
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windfall

Dubai Expo 2020 to earn $40bn windfall

Dubai’s hosting of the World Expo 2020 will contribute over $40 billion to its economy, driven largely by an expected influx of 25 million tourists and new investments, according to experts. Helal Saeed Al Marri, director ge

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Iran oil sanctions windfall for Gulf, say experts

Millions of dollars have reportedly been pouring into the GCC from increased oil sales since an international embargo was imposed on Iran in July, according to Bahrain-based experts. They reported a clear market shift with Gulf co

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Bahrain set for $250m windfall from F1

Tourism chiefs in Bahrain said the F1 was 'the best news ever' for the industry and were anticipating a $250 million (BD94.5 million) windfall from this year's Gulf Air Bahrain Grand Prix. Thousands of people are expected to be

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Opec heads for windfall on record oil price

Opec is heading for near-record oil export revenue this year thanks to over $100-a-barrel oil, and many members will be hoping prices stay there as they tackle challenges from higher social spending to oilfield decline. In 2011, the Organi

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Oil windfall to pose more challenges to ME

Oil and gas prices will continue to rise, providing unique investment opportunities in the Middle East, but major challenges lie ahead for the region, experts at a World Economic Forum (WEF) discussion said. The region’s greatest challeng

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Iran plans $310bn massive budget

Iran's parliament has approved a bigger budget for 2008-09 totalling the equivalent of $310 billion, Iranian media said on Monday, despite fears this will further stoke inflation in Opec's second biggest producer. President Mahmoud Ahmadin

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