For full coverage of Middle East business events, see MEED Oman has reversed the decline in oil and other liquid hydrocarbon production and lifted total output to just over 1m barrels a day (b/d) in 2015, a new report released…
Month: January 2016
IMF forecasts Iraqi oil export price to fall to $45 in 2016
For full coverage of Middle East business events, see MEED An IMF report on the Iraqi economy published on 12 January assumes average Iraqi crude oil export prices will fall to $45 a barrel in 2016 from $50 a barrel…
Bank Muscat records 8 per cent profit growth in 2015
For full coverage of Middle East business, see MEED Bank Muscat, Oman’s largest commercial bank, reported a net profit of OR 39.2 million in the fourth quarter of 2015 and OR 175m for the year as a whole, 8 per…
Banque Saudi Fransi reports 15 per cent profit growth in 2015
For full coverage of Middle East business events, see MEED Higher operating income and lower bad-loan provisioning lifted net profits at Banque Saudi Fransi (BSF) by 15 per cent to SR 4.04bn, NBK capital said today in a commentary on…
QNB reports 8 per cent profit rise in 2015
Qatar National Bank (QNB), the Middle East’s largest commercial bank in terms of assets, said that its net profit for 2015 as a whole rose by 8 per cent to QR 11.26bn on higher operating income and lower loan provisions.…
Etihad reports 17 per cent passenger growth in 2015
For full coverage of business developments in the Middle East, see MEED Etihad Airways, the national airline of the UAE carried 17.4m passengers in 2015, 17 per cent than the figure for 2014, and operated 97,400 flights which covered 467 million…
Fitch says UAE dividend rule is prudent
For full coverage of business developments in the UAE, seem MEED By reminding banks at the outset of the year that clearance must be obtained prior to announcing dividend payments, the UAE central bank is signalling prudence in a tougher…
Saudi Aramco confirms share sale being considered
For full coverage of business developments in Saudi Arabia, see MEED Saudi Aramco, the government-owned oil company, said in a statement today that it is considering a public share offer.This follows the publication of an interview with deputy crown prince Mohammed…
Selling Aramco shares is a smart move
For full coverage of business developments in Saudi Arabia, see MEED Saudi Arabia’s deputy crown prince Prince Mohammed Bin Salman told The Economist in an interview published on 4 January that he favoured selling shares in Saudi Aramco, the world’s largest oil…
Iran near to complying with nuclear deal
Iran is close to complying with all the conditions in the Joint Comprehensive Plan of Action (JCPOA) agreed with the US, China, Russia, France, the UK and Germany, US Secretary of State John Kerry said today. “We are days away…