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Gulf oil seen to earn $1bn a day
- United Arab Emirates: Monday, July 14 - 2008 at 07:41
According to a report from Merrill Lynch, Gulf countries may earn export surpluses up to $1bn a day if the oil prices remain above $135 a barrel. Analysts said a $10 increase in the oil price could boost GCC export revenues by $55bn a year.
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Medilyn Manibo, Assistant News EditorMonday, July 14 - 2008 at 07:41 UAE local time (GMT+4)
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