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Iran ministry rejects oil revenue slump reportsIran's oil ministry said on Wednesday only it could comment with authority on the country's oil production, rejecting reports of a 45 percent fall in oil earnings sourced to a parliamentary budget committee. More… |
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Oman to boost spending by 10pc next yearOman plans to boost its 2013 budget spending by 10 percent compared to this year's plan to fund new infrastructure projects, an official source familiar with the government's financial planning said on Thursday. More… |
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Robust growth for GCC; oil sales to top $572bnThe six Gulf Cooperation Council (GCC) countries will experience robust growth in 2012 on the back of high oil revenues which are expected to hit $572 billion this year, an Institution of International Finance (IIF) forecast said. Sharp in More… |
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Surplus misuse causes imbalance: Kuwait emirMisuse of Kuwait's state budget surplus, including unproductive spending, has led to structural imbalances in the country's economy, its ruler Emir Sheikh Sabah Al-Ahmad Al-Sabah was quoted as saying by state news agency Kuna on Monday. "T More… |
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Abu Dhabi's 2010 GDP up 15.9pc to $169bnAbu Dhabi's gross domestic product grew to Dh620.2 billion ($168.9 billion) at current prices in 2010, up 15.9 percent from Dh546.5 billion in 2009, data from the Statistics Centre Abu Dhabi showed on Tuesday. Oil accounted for 49.7 percen More… |
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Oman budget gap rises to $658m in Q1Oman's budget deficit jumped to 253.4 million rials ($658.2 million) in the first three months of the year as rising oil revenue failed to offset increasing state spending, finance ministry data showed on Sunday. The small non-Opec oil pro More… |
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Oman revenues up 31pc on oil price riseHigher output and a jump in oil prices lifted Oman's revenues by 31 percent in the first half of the year to 4.22 billion Oman rials ($10.96 billion), the ministry of national economy's bulletin said on Sunday. Average oil producti More… |
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Iraq H1 oil income $2bn ‘more than expected’Iraq’s oil revenues were about $2 billion more than expected in the first half of this year, the country’s oil minister said. The extra income would help Iraq to narrow its budget deficit, originally planned at ID22.9 trillion ($19.6 billi More… |
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Kuwait budget surplus soars to $28.8bnKuwait's budget surplus widened to 8.33 billion dinars ($28.81 billion) in the first 11 months of its 2009/10 fiscal year due to higher-than-forecast oil income, official data showed. An oil price recovery from last year's lows is More… |
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Yemen Q1 oil revenue plunges 75pcNon-Opec oil exporter Yemen posted a 75 per cent drop in oil revenues in the first three months of 2009 as crude prices weakened, according to the country's central bank. Yemen's oil revenues fell to $365.1 million in the first qua More… |
