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Fitch maintains its oil and gas price assumptionsFitch Ratings has maintained most of its oil and gas price assumptions, reflecting broadly unchanged market fundamentals. Fitch’s base-case oil price assumptions have not changed. While Brent crude oil pr More… |
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Mena growth ‘to dip in 2023, but poised for rebound in 2024’Following a strong performance in 2022, the Mena region will see growth weaken in 2023 in line with the overall global economic slowdown, as falling oil prices have an adverse effect on oil-exporting countries in the region. More… |
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Mena growth ‘to dip in 2023, but poised for rebound in 2024’Following a strong performance in 2022, the Mena region will see growth weaken in 2023 in line with the overall global economic slowdown, as falling oil prices have an adverse effect on oil-exporting countries in the region. More… |
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GCC economic growth placed at 2.5pc in 2023 and 3.2pc in 2024The GCC region’s economic growth is projected at 2.5% in 2023 and 3.2% in 2024, while Kuwait’s non-oil sector is expected to grow by 4.4% in 2023. The World Bank expects Kuwait' More… |
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GCC economic growth placed at 2.5pc in 2023 and 3.2pc in 2024The GCC region’s economic growth is projected at 2.5% in 2023 and 3.2% in 2024, while Kuwait’s non-oil sector is expected to grow by 4.4% in 2023. The World Bank expects Kuwait' More… |
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Iraq's economic outlook for 2023 looks bright, says expertFor a country like Iraq which is enshrined in political controversy and uncertainty, the economic outlook for 2023 looks optimistic, according to an expert. Under the circumstances, the Iraq markets and economy More… |
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Iraq's economic outlook for 2023 looks bright, says expertFor a country like Iraq which is enshrined in political controversy and uncertainty, the economic outlook for 2023 looks optimistic, according to an expert. Under the circumstances, the Iraq markets and economy More… |
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Dana Gas H1 net profit shoots up 82pc to $111mBacked by high oil prices and a robust operational performance, Dana Gas, the Middle East’s largest private sector natural gas firm, saw its first-half (H1) net profit shoot up 82% to AED407 million ($111 million) or 5.8 fils per More… |
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Airline industry recovery stronger than expected: IATA chiefThe recovery of the airline industry is stronger than expected, said IATA Director General Willie Walsh In an interview with CNN’s Richard Quest, discussing soaring demand, high oil prices and continuing airport chaos. Walsh More… |
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Dana Gas delivers record 2021 with net profit of $317mDana Gas, the Middle East’s largest regional private sector natural gas company, posted a record net profit of AED1.16 billion ($317 million) in 2021 as compared to a net loss of AED1.38 billion in 2020. More… |
