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IMF Estimates UAE Real GDP Growth In 2011 At 4.9%
...debtedness, refinancing needs and reliance on foreign funding remain high, with about $30bn of GRE debt maturing this year and significant amount of debt falling due in 2014-15, the IMF added. The IMF executive directors welcomed the continued economic recovery and favorable near term outlook, but at...
Volume: 55Issue: 22Published at Mon, 28 May 2012 -
Saudi Arabia Heads Donors Pledging $4Bn In Aid To Yemen
...itial $2.17bn to help stabilize the country, fight militant attacks and ease a humanitarian crisis. It also requires a further $5.8bn in the future to develop the economy and national infrastructure, with about $3.7bn needed by 2014. Another donors’ meeting specifically aimed at the aid pledges is to be he...
Volume: 55Issue: 22Published at Mon, 28 May 2012 -
Qatar’s 2011 Growth Driven By LNG Production, Says NBK
...e chart). Growth will be led by the gas sector, where output is expected to increase by 30% in 2011. “This will be followed by a 4% increase in output in 2012, after which the moratorium on new gas projects takes effect and is due to last until at least 2014,” added the report. Oil production wi...
Volume: 54Issue: 22Published at Mon, 30 May 2011 -
Abu Dhabi Moves Ahead With Shah Sour Gas Project
...pacity project to come on stream by 2015. Athens-based Consolidated Contractors Company (CCC) will start work in June on building $550m sulfur granulation and handling facilities, completing work by the fourth quarter of 2014. CCC signed a letter of intent on 25 May with state-owned Abu Dhabi Gas In...
Volume: 54Issue: 22Published at Mon, 30 May 2011 -
Gasco Concession Renewal Terms Viewed As Tough On International Partners
...scribed as very tough on the international partners. But they were finally prepared to accept them, said one ADNOC source, because of their other aspirations in Abu Dhabi: their wish to obtain the renewal of the concessions for oil and gas production that are due to expire in 2014 and 2018. Gasco’s br...
Volume: 52Issue: 22Published at Mon, 01 Jun 2009