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Email this article: Etisalat first quarter profit flat as foreign revenue jumps
Posted: Tue April 24, 2012 12:22 am
UAE. Q1 profit 1.81 billion dirhams vs 1.82 billion dirhams a year earlier; International operations off-set home revenue drop.
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SAUDI ARABIA. Saudi Arabia will need to keep cutting oil output to sustain prices above US$100 a barrel, according to BNP Paribas and Societe Generale; "We are swimming in crude, and they know that better than anyone because they are the biggest exporter."
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