Oil Prices | Egypt Oil & Gas - Part 25
Qatar Petroleum Lays Off Workers, Scraps Insurance, Catering, Service Companies
Qatar Petroleum, the state-owned oil and gas giant, has reduced its staff numbers in a restructuring and decided to exit all non-core businesses
Low Oil Prices Prompt Iraqi Bond Issues
Iraq hopes to meet investors by the end of July to present plans for a $5 billion bond issue
Jobs and GDP Rising in Saudi, UAE Despite Oil Prices
The UAE and Saudi Arabia continue to witness growth despite lower oil prices, a report said, noting that the UAE even recorded high levels of job creation during May, while Saudi Arabia’s output and new orders expanded.
Update: Coal and Declining Oil Prices Help Reduce Fuel Subsidies, says El-Molla
“Oil subsidies during the current FY (to end June 30) amounted to 70 billion EGP, down from an estimated 100 billion EGP in the state budget,” Molla said.
Local Borrowing to Fund Saudi Deficit Prompted by Oil Prices, Experts Say
Saudi Arabia is likely to bridge its widening fiscal gap by resorting to domestic borrowing in the near future, according to economists and the International Monetary Fund (IMF).
Iran Poised to Retake Market Share with Super-Tanker Storehouse
Iran is storing as much as 40 million barrels of oil on supertankers at sea as it prepares for a sales drive if a nuclear deal can be sealed.
Growth, Employment Steady in UAE Despite Oil Price Crunch
Dubai witnessed a 4.5% gross domestic product growth last year, and a 6.5% rise in employment, driven by long term planned infrastructure and the ideal investment environment offered by the emirate, according to an e ...
Cebr Report Advises GCC Diversification and Carbon Efficiency
While Bahrain has taken promising measures to diversify its economy, the continued oil price slump means more work will need to be done in order for the Kingdom to achieve fiscal, environmental and resource sustainab ...
