Is Oil Supply Not the Real Issue?

As oil price is hitting the peak, world leaders are urging the oil-rich countries to boost its supply so to counter problems on oil. But the UAE is reiterating that supply is not the main issue on oil problems. So, what is the real issue on oil crisis?


Even the International Energy Agency, a body representing oil importers, says global inventories of crude will rise this year, an indicator that supply is actually in excess of demand.

To illustrate the fact, look no further than the waters off Iran’s oil export terminal on Kharg Island in the Gulf, where tankers containing 30 million barrels of crude are anchored, waiting for buyers.

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GCC Stocks Recover in April

After enduring stocks volatility for past months, GCC stock markets are now recovering, particularly this April. Will the recovery continues? Lets Find out.

With oil prices likely to remain relatively high over the next few years, the country’s economic boom looks set to continue in the near term. Oil is likely to play a crucial role in UAE’s growth in the next few years. However, non-oil GDP is likely to dominate overall growth in real and nominal terms with private sector playing a bigger role in future helped by surge in oil prices that has boosted the oil earnings and helped to underpin public investment and private confidence. Going forward, the government’s main challenges include pushing ahead with diversification into more labor intensive activities, and leverage the Emirate’s strong hydrocarbon sector to stimulate and support broader economic growth.
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UAE: More Ups, Less Downs

What else could we say about UAE? It has reached almost all of its economic development visions. Generally, Economic-wise, UAE is making it one of the top regions in the world.



UAE, aside from being one of the top contenders for Islamic Financial Service Center, is also well-known of its fantastic architectural designs. Its buildings can be equated to that of the US skycrapers. Abu Dhabi, the center of UAE, is now decorated with praiseworthy establishments that no one could afford to argue against its beauty. Well, this is a total sign of UAE's development.

Nowadays, UAE is one of the most important regions in business partnership, be it governmental or private entities. Oil, being its major produced products, has been an important factor for them in establishing partnership with less-oil producing countries. Even US is trying to build up oil partnership with UAE.


We could now finally say that UAE is one of the developed regions in the world. But despite of this fact, it is still experiencing minor crisis brought about by the major global concerns. Inflation is one of their problems. But UAE seemed to be unaffected with it for as long as its stocks is still well-performing.

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