Wednesday 2 December 2020 \


Gulf countries

Sudan finmin hopes 2013 oil transit can earn $1.2 bln

Source : Reuters / 6 Apr 2013

Sudan hopes to collect up to $1.2 billion in transit fees in 2013 after oil starts to flow from South Sudan, and is considering a new tax on gold trade, Finance Minister Ali Mahmoud said on Wednesday.

The African state may also have to raise the official 4.42rate of the Sudanese pound against the U.S. dollar to match black market rates, he said in an interview.


Lebanon needs $370 mn to cope with Syrian refugee crisis: PM

Al Arabiya with Agencies / 14 Mar 2013

Lebanese Prime Minister Najib Mikati urged Arab states to help Lebanon cope with the rising numbers of Syrian refugees flooding to the country and stretching its scare resources.

Mikati said Lebanon will need at least $370 million in support this year under the current conditions.


Kuwait to build over 170,000 houses by 2020

By AFP / 9 Mar 2013

The wealthy Gulf state of Kuwait plans to build around 174,000 houses by 2020, the housing minister told parliament on Thursday, in projects that will cost billions of dollars.

"Currently, we have more than 100,000 applications for houses from citizens. The number grows by over 8,000 a year and we expect to require around 174,000 units by 2020,"Salem al-Othaina said in a special parliament debate.


Twitter popularity tests conservative Gulf

By AFP / 2 Feb 2013

Twitter’s unmatched platform for public opinion is emboldening Gulf Arabs to exchange views on delicate issues in the deeply conservative region, despite strict censorship that controls old media.

The authorities have been attempting to limit the damage by handing out jail terms to some whose tweets have been deemed offensive in the Muslim states, including in Bahrain, Kuwait and Saudi Arabia.


IEA raises oil demand forecast to 930,000 bpd

Source : AFP / 19 Jan 2013

Price pressures on the global oil market have suddenly tightened, and the deadly hostage drama at a gas field in Algeria puts a "dark cloud" over the country's entire energy sector, the International Energy Agency warned yesterday.

The IEA said that a dominant factor in the global energy market now "has a lot to do with political risk writ large, and not just in Syria, Iran, Iraq, Libya or Venezuela", and included regulatory risks.


Dubai aims to be hub of Islamic economy

By Mustafa Alrawi / 14 Jan 2013

Dubai officials yesterday unveiled its Ruler’s vision for the emirate to become the “global capital” of the Islamic economy, as it looks to boost exposure to an industry valued at trillions of dollars and further diversify its economic base.

The wide-ranging initiative will include a Sharia council to oversee standards in Islamic finance, an arbitration centre to resolve disputes in Islamic contracts, and a drive to boost production of halal food within Dubai.


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