Energy
The Croatian government failed to put legal controls on the Hungarian Company’s business share, which means that it will leave the resolution of the problem to the incoming administration....
On May 24, Prime Minister Viktor Orbán unexpectedly, although not without preliminaries, announced: the government acquired the 21.2% stake of Russia’s Surgutneftegaz in MOL for EUR 1.88 billion....
Jordan faces an increase in deficit after Egyptian gas supplies were disrupted....
The UAE and the emirate of Dubai in particular are likely to experience a mini-boom as a result of the regional situation....
The increase of oil price to over US$ 90 per barrel is a positive development for all GCC states and Yemen....
István Tarlós, the governing Fidesz party’s brand-new mayor of Budapest, announced plans for a swift and wide-ranging review of private companies’ ownership contracts in city utilities....
Hungarian Prime Minister Viktor Orbán, slammed by opposition leaders and market analysts for his secretive approach to policymaking, has now removed all doubt....
Kuwait’s announcement that it intends to launch its nuclear program this year is a significant step in the country’s efforts to tackle its chronic and severe power shortages. ...
An increased break-even price of oil for Bahrain has prompted a major credit rating agency to downgrade the country’s credit rating. ...
Discoveries of gas in various Yemen governorates will help the country generate more income as its oil resources, the main source of income, rapidly dwindle....
Repeated and prolonged power cuts in the UAE emirate of Sharjah has damaged the emirates' economy....
Data released by the Omani Central Bank and government show that Oman’s economy has fared better than predicted and better than most other GCC economies....
Kuwait's need for power increases as the country diversifies it's economy. The plan to start using nuclear energy in seven years demonstrates the government’s commitment to resolving this issue....
Despite the eternal bickering, the situation in the coalition and parliament is essentially stable. An imminent political crisis, government reshuffle or leadership change is not on the horizon....
Russian Gazprom has indicated it might be interested in oil exploration in Yemen. With Yemen’s economy heavily reliant on oil revenues, which is rapidly dwindling, new finds are vital....
Neither the hardships of the global economic crisis nor a scathing IMF report on Montenegro’s fiscal performance has managed to loosen the governing Democratic Party of Socialists’s grip on power....
Kuwait's parliament last week passed a $104bn four-year development plan, the first for decades, proposed by the government....
Montenegro in 2009 saw positive developments in its bid to EU-accession. However, the economic outlook hasn't improved for 2010, which forecasts numerous conflicts in the new year....
Bahrain has announced that US $3.5 billion have been invested in its industrial city, which is under construction. The city is an integral part of the country’s plans to diversify its economy....
Croatia's government, opposition and media commentators are slamming MOL after uncovering what they consider irregularities in MOL's purchase of a 22% stake in Croatia's biggest energy company, INA....