OPEC Member Countries Economy - OCT 11

Source: OPEC 10/20/2011, Location: Middle East

Inflation in Kuwait climbed to 4.6% on an annual basis in August, as published by the Central Statistics Office. Consumer price inflation gained 0.1% m-o-m in July. It also recorded 4.6% y o-y, its smallest increases since August 2010, and down from 5.0% in June. The inflation rate is likely to average 4.7% for 2011, 4.4% in 2012. Kuwait’s budget surplus rose to 8.1 billion dinars ($29.2 billion) in the first five months of 2011-12 fiscal year, much larger than a year ago on higher-than-expected oil revenue and lower spending, finance ministry data showed. Revenue was 11.9 billion dinars in April-August, while spending came at 3.7 billion dinars, below a projected 8.1 billion dinars, the data showed.

Headline inflation in Saudi Arabia according to official data slowed to 4.8% y-o-y in August from 4.9% and monthly price growth halved to 0.5% as a rise in housing and transport cost subsided. The International Monetary Fund said in August that the kingdom, which pegs its riyal currency to the US dollar, has to keep a close eye on inflationary pressures following a planned increase in social spending.


Bermuda >>  8/11/2022 - This is a correction of press release issued August 11, 12:26 CET. Full pay out of the PSU award is subject to reaching $ 10.00 per share on 75% of th...
Bermuda >>  8/11/2022 - The Board of Directors of Borr Drilling Limited has resolved to grant 4,000,000 options under the Company’s approved share option scheme to certain of...

Canada >>  8/11/2022 - Frontera Energy Corporation has taken up and paid for 5,416,666 of its outstanding common shares (the "Shares") at a price of $12.00 per Share (the "P...
Norway >>  8/11/2022 - From 11 August 2022, the shares in Equinor will be traded ex dividend USD 0.40 (ordinary dividend of USD 0.20 and extraordinary dividend of USD 0.20)....

Norway >>  8/11/2022 - In reference to stock exchange announcement on 10 April 2022 concerning share options exercised, the Register of Business Enterprises has registered t...
United Kingdom >>  8/11/2022 - Highlights
· Share placement commitments to raise A$14.9 million gross proceeds.
· Issue price of A$0.009 per share represents a 18.2% dis...


Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 


Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.