Wednesday 14 November 2018
 
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Oil Prices

UAE increases annual spending by 15.6pc

The UAE adopted a general expansionary fiscal policy during the first quarter of 2018 and increased its overall annual spending by 15.6 per cent due to the recovery in oil prices, which led to increased proceeds from petroleum-based products.

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Mena growth set for modest rebound in 2018, new jobs vital

Growth in the Middle East and North Africa (Mena) region is projected to rebound to an average of 2 per cent in 2018, up from an average 1.4 per cent last year, according to a new World Bank report. The modest rebound in growth is

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Oil prices 'heading lower this year, to sink further in 2019'

Oil prices are heading for a downturn later this year and will sink even lower in 2019 as the fundamentals of supply and demand weaken, said a report.   Despite oil prices recently rising to three-and-half year h

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UAE current account surplus tops $26bn in 2017

The UAE current account surplus surged to Dh97.1 billion ($26.4 billion) in 2017, accounting for 6.9 per cent of the Gross Domestic Product (GDP), from Dh48.5 billion, 3.7 per cent of GDP, in 2016, a media report said. The upsurge

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Oil prices to peak in mid-2019: BofAML

Brent crude oil prices are expected to trend gradually higher, hitting an average of $80 per barrel (/bbl) by mid-2019 before gradually trending lower to an average of $71/bbl by end-2019, said Bank of America Merrill Lynch (BofAML) in a new rep

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Oil prices to peak in mid-2019: BofAML

Brent crude oil prices are expected to trend gradually higher, hitting an average of $80 per barrel (/bbl) by mid-2019 before gradually trending lower to an average of $71/bbl by end-2019, said Bank of America Merrill Lynch (BofAML) in a new rep

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Oil to hit $90 on new shipping laws, says Morgan Stanley

Forget Iran and Opec (Organization of Petroleum Exporting Countries) - there’s another issue that will keep oil prices supported for the next two years, reported Bloomberg, citing senior analysts of US investment bank Morgan Sta

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Female workforce, oil prices to top Euromoney Saudi agenda

Women in the workforce, the price of crude and the economic impact of geopolitical tensions will be discussed at this year’s Euromoney Saudi Arabia Conference, said the event organisers. The event, which will take place in R

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High oil prices 'to support GCC growth momentum'

Higher oil prices coupled with improved global economic conditions are expected to support growth momentum of the GCC countries, said a report by Coface, a global leader in credit insurance providing cover to its clients in more than 200 countri

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High oil prices 'to support GCC growth momentum'

Higher oil prices coupled with improved global economic conditions are expected to support growth momentum of the GCC countries, said a report by Coface, a global leader in credit insurance providing cover to its clients in more than 200 countri

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