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[13 Sep 2011 | No Comment | ]
UAE bolstered by Dubai's growth, high oil price
Emirates 24/7
Higher oil prices and output will also turn a 2010 budget deficit of 1.4 per cent of GDP to a surplus of 5.7 per cent in 2011 while the current account surplus will expand from 7.6 per cent to 10.7 per cent of GDP, the report said.

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[2 Sep 2011 | No Comment | ]

It has run current account surpluses every year since 1997 … However, it expects the non-oil and gas deficit to be around 11% of GDP this year and the ‘breakeven’ oil price (at which the budget would balance) has soared to around USD118pb …

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[23 Aug 2011 | No Comment | ]
Oil Price Drop Spells Greater Economic Growth
Seeking Alpha
Above is a chart with a 37-year history of oil expenditures as a percentage of GDP. If the current price in oil continues to decrease or stays in this area, we could see some improvement in the economy. Even though the average American household will

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[23 Aug 2011 | No Comment | ]

Strong oil prices allied with higher gas exports to boost Qatar … The Qatari Statistics Authority said that from about QAR 110.4 billion in the Q1 of 2010, GDP in current prices swelled to nearly QAR 141.8 billion in the Q1 of 2011.

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[21 Aug 2011 | No Comment | ]

GDP in 2010 expands by 16% due to higher oil prices and gas output Strong oil prices allied … From about QR110.4 billion in the first quarter of 2010, GDP in current prices swelled to nearly QR141.8 billion in the first quarter of 2011, the Qatari …

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[26 Jul 2011 | No Comment | ]

gulfnews.com
Abu Dhabi's GDP growth accelerates
gulfnews.com
The emirate's economy posted record gains of Dh85 billion last year, which saw the GDP at current prices grow to Dh620.2 billion, up 15.9 per cent from Dh546.5 billion, it said. The contribution of oil to Abu Dhabi's GDP was 49.7 per cent last year,
Abu Dhabi Statistical Yearbook – 2011 releasedKhaleej Times

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[26 Jul 2011 | No Comment | ]

The emirate’s economy posted record gains of Dh85 billion last year, which saw the GDP at current prices grow to Dh620.2 billion, up 15.9 per cent from Dh546.5 billion, it said. The contribution of oil to Abu Dhabi’s GDP was 49.7 per cent last year …

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[24 Jul 2011 | No Comment | ]

Al-Arabiya
UAE to grow 3.7% and GCC 6%
Emirates 24/7
The UAE economy will grow by 3.7 per cent in 2010 while the combined GDP of the country and its Gulf partners will expand by six per cent thanks to strong oil prices and government fiscal moves, Saudi Arabia's largest bank has said.
Saudi foreign assets to reach SR1.9tr by year-endPakistan Observer
Saudi banks rank among most profitableArab News
Saudi Arabia's foreign assets will soar to $506 billion in 2011. By Eman El Al-Arabiya
Gulf Jobs Market News
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[24 Jul 2011 | No Comment | ]

Al-Arabiya
UAE to grow 3.7 per cent and GCC 6 per cent
Emirates 24/7
The UAE economy will grow by 3.7 per cent in 2010 while the combined GDP of the country and its Gulf partners will expand by six per cent thanks to strong oil prices and government fiscal moves, Saudi Arabia's largest bank has said.
Saudi foreign assets to reach SR1.9tr by year-endPakistan Observer
Job Market Improving – Healthy Economy Evident in Qatar and SaudiGulf Jobs Market News
Saudi Arabia's foreign assets will soar to $506 billion in 2011. By Eman El Al-Arabiya
Arab News
all 38 news articles »

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[12 Jul 2011 | No Comment | ]
1990 vs. 2011: What We Can Learn From Historic Oil Spikes
Seeking Alpha
The effects of the current oil price spike, as a percentage of GDP, are much smaller than the near doubling of oil prices in 1990. Despite this, the effects of the current oil price on consumers are roughly equal to that of the spike of 1990.

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