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UAE’s Wait To Tap Into Expanded Capacity Goes On
...r its flagship Murban crude export grade. The last time that Murban averaged more than that was 2014’s $99.45/B, when production of 2.78mn b/d was 270,000 b/d less than last year’s figure. With Murban prices set to drop to around $83/B this year, a sharp fall in revenue is inevitable for 2023. ME...
Volume: 66Issue: 50Published at Fri, 15 Dec 2023 -
Iran-Aligned Militia Attacks Complicate Delicate Iraqi-US Relations
...w system to importers and banks as opposed to black market dollars. Mr Sudani’s decision in January to reinstate Ali al-‘Alak as CBI Governor proved useful, given his long working relationship with his US peers between 2014 and 2020. But the recovery remains erratic and suboptimal, with li...
Volume: 66Issue: 50Published at Fri, 15 Dec 2023 -
Libya’s Legal Battle To Recover Billions In Overseas Assets
...bya (MEES, 13 October). Since 2014, the country has had two administrations, each with its own legislative and executive bodies. One is the internationally recognized Government of National Unity (GNU), based in the western capital of Tripoli and led by Prime Minister Abdelhamid Dbeibeh (MEES, 12 Ma...
Volume: 66Issue: 50Published at Fri, 15 Dec 2023 -
Kuwait’s Cabinet Looks Ahead To A Troublesome 2024
...ght consecutive budget deficits between 2014/15 and 2021/22 (see chart), but since September 2017 the government has been unable to raise debt to finance these deficits as parliament has repeatedly blocked the passage of a debt law to allow state borrowing. In September, Fitch affirmed Kuwait’s ‘AA-’ ra...
Volume: 66Issue: 50Published at Fri, 15 Dec 2023