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- TURKMENISTAN - The Global & Regional Petroleum Perspectives
- Paper WTI has been moving wildly from a peak of $147.27/b on July 11 to below $90/b in recent weeks. The week's trading at NYMEX on Sept. 26 ended with November WTI settled at $106.89, having risen to $130 on Sept. 22 as speculators scrambled to cover short positions and...
- Research articles 2008-09-29
- Gulf monarchies to boost links with Turkey
- RIYADH AFP — Oil-rich Gulf monarchies will sign an accord with Turkey aimed at boosting ties between the pro-Western Arab bloc and Ankara, the chief of the Gulf Cooperation Council said on Sunday. The "memorandum of understanding" to be inked in the Saudi Red Sea city of Jeddah on...
- Research articles 2008-08-31
- S.Korea, Gulf states agree to forge free trade deal next year
- SEOUL AFP — South Korea and six Gulf states agreed Wednesday to forge a free trade deal by the end of next year, a chief negotiator from the Seoul side said. "At today's opening session, the chief delegates from both sides agreed in principle to conclude negotiation by the...
- Research articles 2008-07-09
- GCC foreign wealth rises to $2 trillion
- THE NET FOREIGN assets of Saudi Arabia, Kuwait, Qatar, the United Arab Emirates, Bahrain and Oman are expected to rise by $200bn this year to $2 trillion, according to a new report by the Washington-based Institute for International Finance IIF. By 2012, their total assets held abroad could reach almost...
- Research articles 2008-04-01
- Excess cash, peg to weak dollar fuel Gulf inflation
- MANAMA AFP — Abundant liquidity, triggered by sharply higher oil revenues, and the effect of currencies pegged to a weakening dollar are fueling inflation in the Gulf region, economists say. And the situation is so serious that Gulf business leaders will meet in Bahrain on Monday to get advice...
- Research articles 2008-03-23
- GCC says free trade talks with Turkey to resume
- DOHA AFP — Turkey and the Gulf Cooperation Council will meet on February 26-27 for a third round of talks on a free-trade agreement, the GCC secretary general said on Thursday. Aberrahman al-Attiyah said visiting Turkish President Abduallah Gul had expressed hopes during a meeting on Wednesday that the...
- Research articles 2008-02-07
- Gulf states to finalise nuclear plan studies in 18 months
- DOHA AFP — The pro-Western Gulf Arab states expect to finalise studies on a proposed civil nuclear programme within 18 months and start cooperating with the UN nuclear watchdog from March, a Gulf official said on Tuesday. "I expect the required studies to be completed within 18 months," Ahmad...
- Research articles 2008-01-29
- GCC To Earn $6 Tn From Oil By 2022
- The McKinsey Global Institute on Jan. 24 said that, with crude oil at $70/b, the six Arab Gulf Co-operation Council GCC states should earn $6.2 trillion by 2022 - triple the amount earned during the previous 14 years - and how they invest the funds could have financial and political...
- Research articles 2008-01-28
- Impoverished Yemen seeks Gulf jobs
- SANAA AFP — Yemen has asked for an annual quota of jobs in the expatriate workforce of its oil-rich Gulf neighbours for its impoverished population, the official Saba news agency said on Saturday. The technical and vocational training ministry made the request to the six-member Gulf Cooperation Council recalling...
- Research articles 2007-12-15
- Gulf states stick to plan to launch single currency: GCC chief
- DOHA AFP — Leaders of the Gulf Cooperation Council GCC have decided at their annual summit to stick to a 2010 date to launch their single currency, the GCC chief told reporters on Tuesday. "The leaders have decided to continue to work towards achieving the monetary union... and confirmed...
- Research articles 2007-12-04
- Dollar slide: is the Gulf ready to cut loose? No doubt about it, the dollar is in trouble and things look set to get worse before they get better. With oil prices standing at $90+ a barrel, the coffers of oil-producing states are bulging, but in real term
- [ILLUSTRATION OMITTED] AS THE US dollar continued its sharp decline this autumn, investors around the world were waiting to see if the US Federal Reserve would act further to halt the slide and help curb the resulting big rises in the euro, sterling, Australian and Canadian dollars and other...
- Research articles 2007-12-01
- Mideast conference should revive all peace tracks: GCC
- JEDDAH, Saudi Arabia AFP — Pro-Western Gulf Arab states on Saturday reiterated their backing for a planned US-sponsored Middle East peace conference, but insisted it should revive the peace process on all tracks. Gulf Cooperation Council foreign ministers who met in the Saudi Red Sea city of Jeddah "support...
- Research articles 2007-09-01
- Qatar replaces Oman as host of next Gulf summit
- MUSCAT AFP — The annual summit of oil-rich Gulf Arab states will be held in Qatar in early December, not in Oman as previously planned, the secretary general of the pro-Western Gulf Cooperation Council said on Monday. Qatar and its Gulf partners have agreed to a request by Oman...
- Research articles 2007-08-06
- Gulf activists plan parallel meeting to GCC summit
- KUWAIT CITY AFP — Civic organisations from the Gulf Cooperation Council GCC plan to hold a meeting parallel to the next GCC summit to achieve more popular participation, one organiser said Friday. Leaders of the GCC, which groups Bahrain, Kuwait, Oman, Qatar, the United Arab Emirates and Saudi Arabia,...
- Research articles 2007-05-18
- IAEA chief in Saudi on Gulf nuclear plan
- RIYADH AFP — International Atomic Energy Agency chief Mohammed ElBaradei, on a tour of Gulf countries planning to develop a nuclear power programme, held talks on Wednesday with Saudi Foreign Minister Saud al-Faisal. The official Saudi news agency SPA said merely that their talks focused on "questions of common...
- Research articles 2007-04-11
- Gulf states to discuss nuclear ambitions with UN watchdog
- RIYADH AFP — The Gulf Cooperation Council, which groups the six pro-Western Gulf states, is to discuss its plans for a civil nuclear programme with the UN watchdog later this month, its secretary general has said. Abderrahman Al-Attiya said he would meet International Atomic Energy Agency chief Mohamed ElBaradei...
- Research articles 2007-02-04
- Gulf states to hold nuclear talks with UN watchdog
- DUBAI AFP — Gulf states plan to hold talks with the UN nuclear watchdog the International Atomic Energy Agency over their plans for a regional nuclear programme, a Gulf official said in remarks. "There are preparations underway for meetings in the coming weeks with officials from the IAEA about the...
- Research articles 2007-01-20
- Fiji coup leader boycotts important meeting of chiefs
- SUVA AFP — Fiji's military coup leader Voreqe Bainimarama has said he will boycott a meeting of the country's indigenous chiefs aimed at finding a way to restore a legal government. The military commander told journalists that the Great Council of Chiefs GCC had invited him to the meeting scheduled...
- Research articles 2006-12-18
- Gulf summit opens with warning of regional explosion
- RIYADH AFP — Saudi King Abdullah opened the annual summit of Gulf leaders with a warning that the Arab world was on the brink of exploding because of conflicts in the Palestinian territories, Iraq and Lebanon. "Our Arab region is besieged by a number of dangers, as if it was...
- Research articles 2006-12-09
- Iran and Iraq to top Gulf summit
- RIYADH AFP — Leaders of the six Gulf Arab states are to meet for a two-day annual summit amid growing concern over the potential fallout of sectarian unrest in Iraq and fears of a regional nuclear arms race. "Repercussions over developments in Iran's nuclear programme and over the dangerous security...
- Research articles 2006-12-09
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