There is no doubt that Saudi Arabia has extended itself with its latest domestic spending programme. So much so that sustained dips in oil price could turn its budget surplus for the year into a deficit. Read More Here
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Middle East oil makes the world go round
MENA Business Feed From Zawya
- Kuwait's Ahli United Bank Net Profit KD19.1mn In First HalfAhli United Bank (AUB) said it made net profits amounting to KD 19.1 million in the first half of 2011 with a stake profitability amounting to 18.9 fils by a growth rate hitting 50.1 percent compared to the same period last year. […]
- Kuwait Current Account Surplus Expands In 2010The trade surplus expanded as moderate growth in imports was more than offset by a strong jump in exports, driven by rising oil prices. […]
- Gulf Residents Would Feel The Impact Of US DefaultFurther questions will be raised about the dollar and how it will affect governments and companies holding US assets. […]
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