Bahrain’s rate of economic growth will slow in 2014 and the kingdom’s budget deficit will rise both this year and next due to lower oil prices, National Bank of Kuwait’s (NBK’s) July macroeconomic report about Bahrain says. “Economic growth continued…
Day: July 8, 2014
Egypt’s fuel price hike good for credit rating: Fitch
Sharp retail fuel prices increases in Egypt at midnight last Friday will help bolster the country’s creditworthiness, UK credit rating agency Fitch Ratings said today in a statement. “…fuel price hikes are an important step toward reducing subsidies that contribute…
Deloitte says tight oil and shale gas revolution won’t change US commitment to Middle East
Deloitte’s annual Oil & Gas Reality Check report published today says the development of North American shale gas and tight oil reserves is promoting transformational change in the US economy but won’t seriously undermine America’s commitment to the stability of…