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US report: Iraq of leading oil producers 2040

US report: Iraq of leading oil producers 2040

Babylon/”special” The US report that Iraq will remain among the major Middle Eastern oil producer, along with Iran and Saudi Arabia until 2040. According to a report released by the energy information administration with mother yrkih, most of the additional oilproduction over the next 25 years will come from the Middle East countries. The Chief Economist in Asia for investment, Francisco Quintana, “u.s. Energy Information Administration’s report confirms increased production capacity in countries outside OPEC, such as the United States, Brazil and Canada, and the International Energy Agency…

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Reports on single Gulf currency launch ‘false’

Reports on single Gulf currency launch ‘false’

Dubai: The Gulf Monetary Council has dismissed media reports that it had set a date for the launch of a single currency for Arab Gulf countries. “The Monetary Council affirms that the reports by some newspapers and websites over the date of the issuing of the single Gulf currency are completely false, not based on accurate information or reliable sources,” the council said in a statement, carried by the Kuwait News Agency (Kuna). The Monetary Council is mandated with placing…

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Four GCC countries to announce common currency by end-December

Four GCC countries to announce common currency by end-December

Dubai: Four Gulf Cooperation Council (GCC) countries will announce the introduction of a common currency by the end of December, a Bahraini daily reported on Sunday. The common currency to be announced by Bahrain, Kuwait, Qatar and Saudi Arabia will be pegged to the dollar, a source told Akhbar Al Khaleej. “The decision to peg the Gulf currency to the dollar is political and is not related to the economy,” the source said. “From an economic point of view, it would have been better to peg the…

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