1. Producing Countries Deliberate Higher Crude Prices For 2010 Budgets

    .../B from this year’s $41/B, and is forecasting that Urals crude, its export grade, will reach $59/B in 2011 and $60/B in 2012. Nigeria has adopted $50/B, up from $45/B this year, and Finance Minister Mansur Muhtar has said he sees scope to hike this further if energy prices continue to remain hi...

    Volume: 52
    Issue: 42
    Published at Mon, 19 Oct 2009
  2. UK Treasury Orders Financial Firms To Stop Trading With Bank Mellat, Iran Shipping Lines

    ...ansfer 80% of the once wholly state-owned bank into private hands by late 2011....

    Volume: 52
    Issue: 42
    Published at Mon, 19 Oct 2009
  3. BofA Merrill Lynch Predicts Strong GCC Growth

    ...see an average real GDP growth of 8.01% in 2010, mostly due to its expansion in LNG capacity. As the non-oil sectors will likely be the main drivers of Qatari growth beyond 2011, the firm posits an unclear picture for the country’s long-term growth due to falling inflation (caused by a st...

    Volume: 52
    Issue: 42
    Published at Mon, 19 Oct 2009
  4. UAE To See Modest Economic Recovery in 2010, NBK Projects

    ...fice space by 50% by 2011. Inflation, meanwhile, is expected to remain low, perhaps below the estimated 2009 figure of 1.9%, due to much lower growth in labor costs, depressed housing rents, and a competitive retail market. A rise in UAE interest rates is also thought to be unlikely, due to the su...

    Volume: 52
    Issue: 42
    Published at Mon, 19 Oct 2009