1. UAE: Bonds Not Needed

    ...ending plan, first introduced in 2011 with a total outlay of Dh122bn ($33.2bn), was aimed at achieving sustained growth on a longer time horizon (MEES, 1 November 2013). Latest IMF projections expect UAE real GDP growth to remain firm at 4.5% in 2014, unchanged from 2013 (MEES, 7 February)....

    Volume: 57
    Issue: 09
    Published at Fri, 28 Feb 2014
  2. Iran Plays Hardball On Turkey Gas Price

    ...rkey has since early 2012 been pushing for a revision in the price it pays for gas imports from Iran, going so far as to open an arbitration case against the Islamic Republic earlier this month. As well as the price issue, Ankara is citing unreliable gas supplies during winter 2011-12, and more re...

    Volume: 57
    Issue: 09
    Published at Fri, 28 Feb 2014
  3. Asian Buyers Influence Key Oil Benchmarks

    ...ft a glut of west African crude begging for a home, a situation which would have been exacerbated had fellow light sweet oil producer Libya been producing at normal levels. For South Korea, Forties became attractive after it concluded a Free Trade Agreement with the European Union in 2011, as the grade re...

    Volume: 57
    Issue: 09
    Published at Fri, 28 Feb 2014
  4. Egypt: Motivation Behind Government Resignation Unclear

    ...pitalize on the popular notion that a strong leader is needed to restore order after the chaotic years following the 2011 revolution. Many Egyptians are weary of the uncertainty and economic stagnation that has been the hallmark of the aftermath of the Arab Spring. Keen to be seen as serving the county’s in...

    Volume: 57
    Issue: 09
    Published at Fri, 28 Feb 2014
  5. Petrofac Bags $1.2Bn Oman Gas Deal

    ...12 BCM % 2011 2010 Industry 22.59 21.72 +0.87 4.0 20.17 19.64 Po...

    Volume: 57
    Issue: 09
    Published at Fri, 28 Feb 2014
  6. Algeria’s Trade Surplus Slumps

    ...sustainable path. Whilst Algeria’s current account remains in surplus the IMF estimates the surplus collapsed to a mere 1.1% of GDP for 2013, down from 6% for 2012 and 9.9% for 2011. Reserves At $194bn The country’s reserves have reached $194bn at the end of December 2013, according to the Governor of th...

    Volume: 57
    Issue: 09
    Published at Fri, 28 Feb 2014
  7. Egypt Banks: Moody’s Wary

    ...yptian banks is unchanged since the beginning of the political turmoil in the country in January 2011. Moody’s said that although Egypt is heading towards elections, the government remains locked in a confrontation with the Muslim Brotherhood, which is backed by ousted president Muhammad Mursi. Mo...

    Volume: 57
    Issue: 09
    Published at Fri, 28 Feb 2014
  8. Benchmark Crude Prices ($/B)

    ...13 2012 2011 WTI 102.40 102.31 100.20 94.81 97.91 97.54 105.73 98...

    Volume: 57
    Issue: 09
    Published at Fri, 28 Feb 2014