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Yemen’s 2012 Budget Raises Social Spending To Offset 2011’s Economic Decline
...MEN Yemen’s 2012 Budget Raises Social Spending To Offset 2011’s Economic Decline The Yemeni government has unveiled a record budget for 2012 aimed at stimulating the economy, which has shrunk as a result of the political turmoil in the country last year. After the Arab Spring, the political cl...
Volume: 55Issue: 19Published at Mon, 07 May 2012 -
Energy Equities: Petchems Help Saudi Market Post Multi-Year High
...st of the company’s plants from 19 January to 9 February. It started commercial operations on 1 October 2011 at its $10bn-plus petrochemical plant and said that the mega-complex, which will produce 4mn tons/year of petrochemical and chemical products, is expected to take time to improve performance an...
Volume: 55Issue: 19Published at Mon, 07 May 2012 -
Bahrain Suffers Capital Flight, Official Figures Show
...s forecast growth of 2.9% for 2011 (see table) is the lowest since the mid 1990s, it noted. However, the increased spending due to a hike in allocations to social benefits and low cost housing, which the government has implemented to try and diffuse the crisis, will be more than offset by a sh...
Volume: 54Issue: 19Published at Mon, 09 May 2011 -
OPEC Output Revives After Slides Of March
...rtain that the 1.4mn b/d of incremental demand growth the IEA is predicting for 2011 will materialize. We are projecting 1.25mn b/d growth and I am toying with adjusting this downwards,” Dr Drollas said. All analysts sounded out by MEES testified to unprecedented opaqueness in the market. Kuwait, UA...
Volume: 54Issue: 19Published at Mon, 09 May 2011