November 20, 2011
Pipeline bombings by Islamist groups have cut off Israeli gas supplies from Egypt, forcing the Jewish state to seek up to one million tonnes of gasoil on the international market to secure its energy needs for 2012.
The sharp drop in the gold and silver price last week to around $1,720 and $32 respectively, in the context of rising eurozone yields and falling global stock markets is setting the scene for a 2008-style correction.
November 17, 2011
Bahrain's economy is likely to have a stronger recovery during the second half of 2011 as some sectors have already picked up economic activity, in particular manufacturing and to some extent the finance sector.
Previous “concerns” expressed have been that Iran has vast oil reserves, so there must be a weapons-related reason to expand nuclear power.
Unlike privatization, which involves the outright sale of the state’s assets, a PPP is typically a long-term contract between the government and a consortium of private sector companies through which the private party provides the bulk of financing and assumes technical and operational risks in return for revenues from consumers or the state.
Nuclear power can no longer be treated like a luxury which can be limited to the rich nations of the West, but has to become a standard part of any nation’s power architecture.
The 12-member Gas Exporting Countries Forum (GECF) expressed in a declaration they issued after the one-day summit "the need to reach a fair price for natural gas based on gas to oil ... prices indexation.
The emergency plan will see discussions on the “future of the Arab world in light of recent transitions” during a two-day forum starting Nov. 24 in cooperation with global and Arab institutions including the Arab League, the World Bank and tens of other economic institutions.
November 16, 2011
The state minister of energy Ali Ahmed Osman told the parliament that Sudan currently produces 117,900 bpd and projected an average of 320,000 bpd between the years 2013-2016. He offered no details on where the increase would come from.
Banks in the region have a variety of options for increasing the pool of talent needed to develop software. They can keep all of the functions in-house, hiring additional staff, but they are hindered in doing so by shortages in the talent pool.
Brent crude slipped below $112 on Wednesday, reversing some of the previous session's gains on worries that new governments in Greece and Italy may fail to muster political clout to impose unpopular reforms and contain the region's debt crisis.
This week, a Norwegian multi-gas speciality carrier, designed to carry Bahrain Liquefied Natural Gas (LNG) as well as a range of other liquefied gas cargoes, was formally named Bahrain Vision at the Khalifa Bin Salman Port.
Despite prices of food declining a bit from their highest point during the peak of global food price crisis in mid 2008, recent price increases pushed food prices 80 percent above their 2002 levels.
Oil-exporting countries in the Gulf will benefit from GDP growth of about 4 percent next year amid improving liquidity among banks and extensive stimulus measures, according to the credit ratings agency.
November 15, 2011
The global economic slowdown is set to continue in the long term, according to a report by the Organisation for Economic Cooperation and Development (OECD).