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Email this article: Saudi Arabia says Brent oil should drop to US$100 a barrel
Posted: Sun May 13, 2012 10:40 am
SAUDI ARABIA. Crude prices should fall because global supply is outweighing demand, according to Saudi Arabia's oil minister, Ali al-Naimi.
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UAE. A recent study by The Boston Consulting Group found that, in 2016, GCC banks' revenues grew by 5.2%, down about 2 percentage points from 2015; The impact of the decline in oil prices has hit the banking industry; Profits declined by 3.2% for the first time since 2008.
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