While the drop in oil prices will likely cause Abu Dhabi's economic growth to slow in 2015 and put an end to four consecutive years of double-digit fiscal surpluses, the emirate's sizeable stock of foreign assets will help cushion the im
Qatar Petroleum (QP), the world's largest liquefied natural gas (LNG) exporter and main source of Qatar's huge wealth, plans to expand internationally, the Gulf state's energy minister said on Thursday.
QP businesses a
Saudi Arabia’s foreign assets surged to a record high of SR2.56 trillion ($682 billion) in July as a result of robust oil revenues and possibly a higher return on Saudi Arabian Monetary Agency's investments, according to a report.
The US is planning is new law aimed at American taxpayers who hold unreported foreign financial assets, according to a report.
Expatriates in the US who have accounts with financial institutions in the GCC will face a broad-based
The United Arab Emirates central bank's foreign currency assets rose to 241 billion dirhams ($65.6 billion) in April, their highest level since 2007, data showed on Thursday.
The assets included Dubai government bonds worth 36.72 bi
Saudi Arabia central bank's net foreign assets surged to a record high of SR2.51 trillion ($668.2 billion) in April, the official data showed.
The kingdom's M3 money supply growth too accelerated to 14.1 per cent year-on-year at
The United Arab Emirates central bank's foreign currency assets rose to Dh205.2 billion ($55.9 billion) in December from Dh201.9 billion in the previous month, data showed on Wednesday.
The assets include Dubai government bonds wort
Saudi Arabia's M3 money supply growth accelerated to 9.7 per cent year-on-year at the end of August
after a 9.5 per cent rise in the previous month, according to central bank data.
The increase in bank lending to the pr
Saudi Arabia said its net foreign assets soared to a record SR1.8 trillion ($480 billion) in May on the back of surging oil prices.
Figures released by the Saudi Arabian Monetary Agency showed foreign assets climbed by $40 billion since De