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Email this article: Waha Capital net profit drops 47% in first quarter 2012
Posted: Wed May 9, 2012 12:59 pm
UAE. Continued profitability - AED15.9 million for the first quarter of 2012, as compared to AED 29.8 Million in the corresponding quarter of 2011 - despite international economic downturn.
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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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