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Qatar: New 2.5GW Plant Powers Economic Growth
...w been overtaken by Australia (see p16). Qatar’s hosting of the 2012 Cop-18 climate talks was widely ridiculed given that the emirate has one of the highest per capita carbon footprints in the world (MEES, 5 December 2011). Hopes that Qatar’s hosting of the event would spur it on to making major im...
Volume: 61Issue: 50Published at Fri, 14 Dec 2018 -
Gulf Finance: Rise Of The Renminbi
...ES. The bank started offering RMB accounts in the UAE in 2011 and today these include current accounts, savings accounts and term deposits. “China’s relations with Arab states have grown at an exponential rate, which will support the realization of [Beijing’s] ‘Belt and Road’ initiative,” he adds. Ex...
Volume: 59Issue: 50Published at Fri, 16 Dec 2016 -
Iran Cuts Spending Again For 2015-16, But Is It Enough?
...7mn b/d for 2013 and almost 2.5mn b/d in 2011, before sanctions started to bite (see graphs). That year Iran’s oil export earnings hit a record $255mn per day, that is to say $93bn for the year as a whole – the height of former president Ahmadinejad’s spending largesse, spending that with hindsight is se...
Volume: 57Issue: 50Published at Fri, 12 Dec 2014 -
Iran Slashes Budget; $100/B Crude, 1.1Mn b/d Exports
...lumes were over 2.5mn b/d as recently as 2011. This suggests Tehran is not banking on dramatic near-term easing of sanctions following the landmark interim deal reached on 24 November between Iran and the P5+1. Mr Rohani’s relatively conservative oil export figure seems to be at odds with the pr...
Volume: 56Issue: 50Published at Fri, 13 Dec 2013 -
GCC Union Postponed
...REGIONAL GCC Union Postponed Leaders of the six Gulf Cooperation Council (GCC) states have postponed a decision on a proposal submitted by Saudi Arabia two years ago to move from the stage of “cooperation” to full “union” (MEES, 26 December 2011). GCC Secretary Ge...
Volume: 56Issue: 50Published at Fri, 13 Dec 2013 -
Damascus Fighting Strains Syria’s Frail Economy
...ovide the necessary services and utilities for its own people. Last week Damascus faced the worst power cuts since the beginning of the revolt in March 2011, with reported outages of seven to nine hours per day. Officials from the ministry of electricity have blamed the power shortages on “sa...
Volume: 55Issue: 50Published at Fri, 07 Dec 2012 -
Iran’s NDF Holds $43Bn In Reserves
...mpany (IOOC) with $1.5bn through to August 2013 to help it boost production by 175,000 b/d (MEES, 23 November). NDF was established in 2011 under the aegis of the fifth five-year development plan (2010-15) with the aim of transforming oil and gas revenue into productive investments for future ge...
Volume: 55Issue: 50Published at Fri, 07 Dec 2012 -
EBRD Makes Initial Egyptian Investment
...2011’s political upheavals with the aim of kick-starting post Arab Spring investment (MEES, 28 May). In September the EBRD announced its first investments in in Tunisia, Jordan and Morocco as part of plans to allocate €200mn by the end of 2012. Regional investments are slated to climb to as...
Volume: 55Issue: 50Published at Fri, 07 Dec 2012