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Gulf Banks Recovering Despite $20Bn Loan Losses And Impairments, According To S&P
...e Gulf Cooperation Council (GCC) are starting to recover thanks to high oil prices and government policies. S&P says that the asset quality of Gulf banks rated by the agency should improve from 2011 and that their margins and efficiency will provide a solid foundation for their return to high pr...
Volume: 53Issue: 36Published at Mon, 06 Sep 2010 -
GCC Countries Can Draw Lessons From China’s Exchange Rate Experience
...rprising for the WTI price to pass $100/B in 2011. This reminds us of 2008 when the price reached $147/B in July and inflation in some GCC countries touched 14% and real estate bubbles sizzled. The GCC currencies that are pegged to the dollar became undervalued and revaluation became a necessity to combat im...
Volume: 53Issue: 36Published at Mon, 06 Sep 2010 -
UAE Central Bank Targets Cheaper Interbank Lending
...both national and foreign banks and are subject to review at the beginning of 2011. In October last year, the Ministry of Finance had stipulated Tier one capital ratio of 11% by end June 2009 and 12% by end June 2010. Fitch Ratings said that the clarification by the central bank appears to ha...
Volume: 52Issue: 36Published at Mon, 07 Sep 2009 -
Ex-Im Bank Approves Funding For Al Dur IWPP
...pacity of 1.234gw and a desalination capacity of 48mn gallons/day (218,000 cmd) of water and is due to start initial production in 2010, with full commercial operation to commence in 2011. After recently selling 30% of Al Dur to Bahraini investors (the Social Insurance Organization of Bahrain, In...
Volume: 52Issue: 36Published at Mon, 07 Sep 2009 -
Nile Commercial Bank Rescued Again
...velopments at Nile highlight the problems for the south, which will be holding a referendum on its independence in January 2011, the fact that the authorities have been willing to step in at least illustrates the desire for financial stability. Southern Sudan has a conventional banking system, which is ov...
Volume: 52Issue: 36Published at Mon, 07 Sep 2009 -
NIOC To Bring In Chinese Heavy Oil Expertise
...heavy crude oil: “The refinery is at the basic engineering designing phase, with 5% of physical progress completed.” The unit is scheduled to become operational in 2011 (MEES, 14 April 2008)....
Volume: 51Issue: 36Published at Mon, 08 Sep 2008 -
NPC Earmarks 20 Subsidiary Companies For Privatization
...onomic Commission Allocates Extra €370Mn For Completion Of Petrochemical Plants Iran’s Economic Commission has increased funding for the Kavian, Mahabad and Lorestan petrochemical projects in order to ensure their completion by the existing 2011 deadline, Mehr News Agency reported on 3 September. Th...
Volume: 51Issue: 36Published at Mon, 08 Sep 2008 -
Iran’s Oil And Gas Export Earnings Up 32% To $81.8Bn In March 2008
...670 1390 (2011-12) 2.210 1391 (2012-13) onwards 6.844...
Volume: 51Issue: 36Published at Mon, 08 Sep 2008 -
Parsons Brinckerhoff Appointed Owner’s Engineer For Qatar’s Ras Laffan C IWWP
...tar, the company announced on 19 August. Ras Laffan C is being developed on a fast-track basis to help meet the demand for electricity in Qatar, which is rising at the rate of about 17% annually. Located in Ras Laffan Industrial City, the project will produce some 2.73gw of power beginning in 2011 an...
Volume: 51Issue: 36Published at Mon, 08 Sep 2008 -
The Georgia-Russia Standoff And The Future Of Caspian And Central Asian Energy Supplies
...rst successful new oil export project. The 3,000km Atyrau-Alashankou oil pipeline is scheduled to be completed in several stages by 2011 and is projected to bring around 200,000 b/d of Caspian oil to China (20mn tons/year annually, with the potential to reach 50mn t/y). 5. For a thorough as...
Volume: 51Issue: 36Published at Mon, 08 Sep 2008 -
Mitsui, GS Engineering To Build Hydrocracker At Mostorod Refinery
...e 135,000 b/d Mostorod oil refinery north of Cairo. The units, which will boost diesel and other middle distillate output, are expected to come on-stream by 2011. According to GS, the units include an 80,000 b/d vacuum distillation unit and a 40,000 b/d hydrocracker....
Volume: 50Issue: 36Published at Mon, 10 Sep 2007 -
Technip Wins FEED For Al-Shaheen Refinery
...d of 2011....
Volume: 50Issue: 36Published at Mon, 10 Sep 2007 -
Saudi Aramco Oil Output Down 1.7% in 2006 At Average 8.9Mn B/D
...lls by 2011. In the next 10 years, we hope to add 50 tcf to our current 248.5 tcf of gas reserves,” it said. Major Gas Discoveries In 2006 (Mn CFD) Well Gas Flow Condensate Location Depth Field Karan-6 80...
Volume: 50Issue: 36Published at Mon, 10 Sep 2007 -
APICORP Lifts MENA Five-Year Energy Investment Call By 52% To $395Bn
...ergy investment requirements in the Middle East and North Africa (MENA) region for the next five years to 2011, published on 1 September, APICORP has lifted its forecast by 52% to $395bn, reflecting a mix of soaring project costs and expanded scope for projects on the drawing board and already un...
Volume: 49Issue: 36Published at Mon, 04 Sep 2006