Oman Still Going for Growth Despite Oil Prices, Says Kuwaiti Bank

• Thursday, 21st May 2015
• by Egypt Oil & Gas

Despite a sizeable fiscal deficit this year and the next due to decline in oil prices, Oman is likely to avoid deep cuts in spending as the real GDP grows by 4% in 2015 before moderating to 3.7 per cent in 2016, a re ...

Africa Suffers from Rising Oil and Weaker Currencies

• Sunday, 17th May 2015
• by Egypt Oil & Gas

Several African countries are suffering this year from a double-whammy of higher oil prices and weakening currencies, with Ghana and parts of eastern Africa taking the hardest knock from the surge in inflation.

Petrobras Scandal Shakes Brazil to its Foundations

• Sunday, 8th March 2015
• by Egypt Oil & Gas

The heads of Brazil’s two houses of Congress, former ministers and an ex-president are among a list of 54 names who will be investigated in relation to corruption at Petrobras