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Expert: Gulf states budgets will reach $ 122 billion
Elaf
3/7/15
Riyadh said Wael increase, head of research at EFG «Hermes», the Gulf states have recorded a deficit in their budgets this year B122 billion dollars as a result of the expected decline in average oil prices during 2015, compared with the past Alokhirh.oukal increase in the statement on the sidelines Calendar «investment in Egypt and the Middle East» Conference held «Hermes» in Dubai, published on Friday that the financial group expects average oil prices this year of between 55 and 60 dollars Bermal.ozkr that «Hermes» optimistic about the high prices for the expected average and not to retreat him. He has been building expectations for average oil prices on three factors, the first being the turbulent events in Libya, the lower the rate of drilling for oil in the United States, economic and partial improvement in the European market - according to the news agency German-.
He said the price of $ 70 or less in oil prices means that the extract or invest in shale gas will be without economic feasibility, he becomes ex-dividend investing companies Fah.oakd increase that lower oil prices will not affect the Gulf investor who wants to invest in Egypt, given the trends Because the Gulf states have a giant surpluses achieved over the past years as a result of rising prices of Alinvt.oaattabr be directed Gulf states to focus on pumping direct investments in Egypt through a huge and gigantic projects much better when compared to providing cash support, where direct investment contributes to the creation of opportunities sustainable business for many years.
The «Gulf companies have financial surpluses are high paid to search for her foreign investments, given the decline of high financial return opportunities in their countries when compared to the expected returns from investment in Egypt» He continued that in recent years was characterized by the growth of the best of the non-oil sector to become equal to 50 percent of the Gulf economy, which is considered an important indicator to diversify Alaguetsad.ahar to the reserve assets of Saudi Arabia rose by 0.9 percent at the end of 2014, amounting to about 2.75 trillion riyals, compared to 2.72 trillion riyals end of 2013.ongeht Arabia in the composition of their budget surpluses Last ten years by about 8.1 trillion.
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Elaf
3/7/15
Riyadh said Wael increase, head of research at EFG «Hermes», the Gulf states have recorded a deficit in their budgets this year B122 billion dollars as a result of the expected decline in average oil prices during 2015, compared with the past Alokhirh.oukal increase in the statement on the sidelines Calendar «investment in Egypt and the Middle East» Conference held «Hermes» in Dubai, published on Friday that the financial group expects average oil prices this year of between 55 and 60 dollars Bermal.ozkr that «Hermes» optimistic about the high prices for the expected average and not to retreat him. He has been building expectations for average oil prices on three factors, the first being the turbulent events in Libya, the lower the rate of drilling for oil in the United States, economic and partial improvement in the European market - according to the news agency German-.
He said the price of $ 70 or less in oil prices means that the extract or invest in shale gas will be without economic feasibility, he becomes ex-dividend investing companies Fah.oakd increase that lower oil prices will not affect the Gulf investor who wants to invest in Egypt, given the trends Because the Gulf states have a giant surpluses achieved over the past years as a result of rising prices of Alinvt.oaattabr be directed Gulf states to focus on pumping direct investments in Egypt through a huge and gigantic projects much better when compared to providing cash support, where direct investment contributes to the creation of opportunities sustainable business for many years.
The «Gulf companies have financial surpluses are high paid to search for her foreign investments, given the decline of high financial return opportunities in their countries when compared to the expected returns from investment in Egypt» He continued that in recent years was characterized by the growth of the best of the non-oil sector to become equal to 50 percent of the Gulf economy, which is considered an important indicator to diversify Alaguetsad.ahar to the reserve assets of Saudi Arabia rose by 0.9 percent at the end of 2014, amounting to about 2.75 trillion riyals, compared to 2.72 trillion riyals end of 2013.ongeht Arabia in the composition of their budget surpluses Last ten years by about 8.1 trillion.
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