Bahrain, May 21 — Bahrain is in the process of finalising the implementation of the $8 billion refinery modernisation plan as part of the strategy to keep abreast the energy sector with changing dynamics of growth in the country, according to a senior Minister. more
Saudi Arabia may feel only a limited impact from the euro zone debt crisis and will not cut spending even if there is a fall in oil prices, the main source of revenue for the world’s leading crude exporter, top government officials said on Tuesday. more
Economic growth in Bahrain is expected to increase to 4-5 percent this year amid increases in crude oil production, manufacturing and government spending, a new report said on Tuesday. more