GCC | Egypt Oil & Gas - Part 3

IMF: GCC Diversification Solution to Oil Price Dilemma

The IMF expects oil prices to average $52 a barrel in 2015, down from $110 a barrel in the first half of 2014

GCC Braces for Refinery Expansion, Financial Opportunities

The Arab Petroleum Investments Corporation’s (Apicorp) Energy Research has just issued its monthly report, calling for a serious rethinking of the GCC state's downstream sector

Bahrain Subsidies Hit by Oil Prices

Bahrain more than doubled the prices of beef and chicken, removing meat subsidies to save money as low oil prices squeeze government's revenues

Mixed Blessings Face Gulf Economy with Oil-Dollar Tradeoffs

The strength of the US dollar against Asian currencies is leading to a surge in remittances from migrant workers in the Gulf Arab region

Saudis Reassured by Obama Over Post-Sanction Iran

A senior Saudi official announced on Friday that Saudi Arabia is satisfied with assurances from US President Barack Obama about the Iran nuclear deal and believes the agreement will contribute to security and stabili ...

GCC Still Behind Energy Efficiency Benchmarks, Report Warns

According to Trade Arabia The Economic Insight: Middle East Q3 2015 report, published by the Centre for Economics and Business Research (CEBR), called for more large-scale alternative and renewable energy projects in ...

Kazakh Currency Drops 22% from Oil Price

The national currency of Kazakhstan, the Tenge, lost nearly a quarter of its public value on Thursday,

GCC VAT Moves Delayed but UAE Forging Ahead

“An immediate announcement will be made once a final agreement on imposing a VAT law is reached,” said the UAE's Finance Ministry in a statement

GCC States Keen on Wage and Financial Reforms in Low Price Era

According to Trade Arabia Kuwait is embarking on public sector wage reforms, with a bill awaiting National Assembly approval

VAT May Follow Gulf Fuel Subsidy Reforms

Value added tax (VAT) is being actively considered in many GCC countries and Egypt

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