iPhone | iPad
Android
Huawei
Last week, Delhi customs had made significant seizures of gold and large amounts of medicines from passengers
KT APPDOWNLOAD
GCC Oil and Gas Reserves Value Estimated at $18.3 Trillion
DUBAI — The current value of the oil and gas reserves of the Gulf Cooperation Council is estimated at $18.3 trillion, according to a research done by the DIFC Authority’s Economics Unit.
“To put that into perspective, that amount is larger than the 2008 GDP of the US,” Dr Omar bin Sulaiman said on Tuesday.
Quoting the research note, Dr Sulaiman, speaking at the Banking Outlook Middle East 2009 conference, said that figure assumed a modest price of oil at $50 per barrel and gas at $9 per million BTU. However, if oil prices were to average $100 per barrel and gas $15, the present value of the GCC energy reserves would be $ 37.7 trillion —equal to the world’s total stock market capitalisation at the end of 2008, Dr Sulaiman said.
More news from
The event was part of the Eurasian Diplomacy Delegation’s mission to promote Busan as a global hub city
The team has not won a major tournament during Babar's tenure, which began in 2019
Every ticket bought this month also secures a spot in the grand draw on November 3
Gomez emphasises the role of gastronomy in diplomacy, stating that the relationships between nations are often strengthened around the dining table
A key component of this shift is the green development aspect of the Belt and Road Initiative, aimed at enhancing global ecological health
Oil prices jumped by over a dollar on Wednesday due to rising concerns Middle East tensions could escalate
A peek into the exciting motoring moments and events in the UAE