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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. The combination of accelerating US supply, weaker than expected global demand, stabilization in geopolitics, and an appreciation of the dollar, led to oil prices dropping to an average of US$102 per barrel, according to the latest Jadwa Investment Global Oil Market Update.
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