Growth | Egypt Oil & Gas - Part 3
Asian Gas Oil Demand to Grow in 2021
The Asian gas oil demand is expected to grow in 2021 driven by an expected increase in consumption especially during H2 2021, according to S&P Global Platts. However, industry sources spoke to S&P noting that ...
Saudi Mining Sector Increases 3.1% During Q1 2020
Saudi Arabia’s mining sector has achieved a growth rate of 3.1% during Q1 of the current year despite the exceptional circumstances of coronavirus, Saudi Press Agency reported. According to Al Eqtisadiah newspap...
Egypt’s Growth to Reach 4.5% in 2017/2018
Egypt’s growth has been forecasted to increase to 4.5% during fiscal year (FY) 2017/2018, compared to 4.2% in FY 2016/2017, due to the ongoing economic reforms and the developed business climate, which paves the way t...
IMF Cuts Nigeria’s Growth Forecast to 2.3% in 2016
The International Monetary Fund (IMF) cuts again its growth forecast for Nigeria as the oil exporter faces “substantial challenges” due to low crude prices. In its annual review of Nigeria’s economic...
UAE Key Stabilizer in Future Oil Markets
“The UAE played a key role in the political stability of this region and the UAE will play … a key role in the stability of the market,” the UAE oil minister Suhail al-Mazrouei was quoted by Oil and ...
Mining to Make Major Contribution to Saudi Diversification
Saudi Arabia’s plans to diversify its economy away from oil gained additional imputes with the announcement that the country’s mining sector is set to triple by 2030. Saudi Arabia’s Minister of Petroleum &...
UAE Struggles Over Predicting Ideal Oil Price for its Budget
Oil at $50 a barrel is a “gift to the world” as prices should be low enough to spur economic growth, explained Ali Al Mansoori head of Abu Dhabi’s Department of Economic Development, in an interview with Bloomberg. Pr...
Angola Driving Ahead with Eurobond Plan as Oil Prices Falls
Angola’s Finance Minister announced that his country will meet with investors in the US and Europe starting October 26 to promote its first Eurobond sale, said Bloomberg. Angola, the continent’s second-lar...
