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Financial markets may reject Spain’s financing requests if it fails to curb the deficit. The warning was expressed by Prime Minister Mariano Rajoy before Parliament Wednesday. He said unless the Parliament endorses the deficit cuts he proposed, there is serious Read more
The crude & gas reserves of the Arab Gulf countries are estimated $65 trillion, or one third of the overall world hydrocarbon reserves, says QNB Capital in its latest analysis. The GCC oil & gas reserves represent 93 pc of Read more
Qatar tops the list of the world’s richest countries thanks to soaring oil prices and its massive natural gas reserves, says U.S. magazine Forbes. The Oil-rich emirate, which has a 1.7 million people, posts a gross domestic product per capita Read more
The Gross Domestic Product (GDP) of the Sultanate of Oman has increased 23.3 percent to $ 51.9 billion during the first three quarters of 2011 due to the surge in oil prices and output in the Gulf country According to Read more