Out of bounds
expectations of higher oil prices to $ 50 was
quoted by the official Kuwait News Agency (KUNA) reported a senior official as saying that Kuwait expects to increase the price ofcrude to $ 50 a barrel , although Kuwait exports about 2.1 million barrels per day.
Quoted the agency to Nabil , managing director of global marketing for Boresly KPC assaying "Kuwait exports about 2.1 million barrels per day of crude oil is expected that the price of a barrel up through 2016 to $ 50 ," and attributed the Boresly this is expected to rise to increased demand and falling supply. London , British minister resigns over social welfare benefits cuts introduced Iain Duncan Smith , the Minister of Labour andBritish pension resignation, referring to the concern of the latest round of social benefits that were announced last week in a surprise move increases the pressure on Finance Minister George Osborne cuts. he said Duncan Smith , whose ministry oversees the welfare system in his resignation letter to the President Minister David Cameron that he made the decision because of the cuts in disability benefits. He said that such cuts was not only necessary to meet the financial requirements set by Osborne started. Not the Cairo signing ofagreements between Egypt and Saudi Arabia , revealed to Egyptian sources, on Saturday, the Egyptian - Saudi Coordination Council meeting in the Saudi capital Riyadh Sunday, will witness the signing of agreements worth about US $ two billion . will participate in the meeting, Minister of international cooperation Coordinator of theEgyptian side work in the coordinating Council, Sahar Nasr, Saudi Finance Minister Ibrahim Al - Assaf. a source said that due to "be on the sidelines of the meeting the signing of three agreements, including one billion and a half US dollars one billion between the Convention Ministry of international cooperation and the Saudi Fund for development. " this agreement aims to" finance the King Salman bin Abdulaziz , a program for thedevelopment of the Sinai Peninsula , where the program includes funding for several projects in thegovernorates of North and South Sinai. " Buenos Aires World Bank grants US $ 3.5 billion , the Finance Ministry said the Argentine Argentina secured new funding $ 3.5 billion from the World Bank during the next two years to help finance water, health and housing projects as well as a program for the care of the child.This is the hard currency funding welcomed by the Government of Mauricio Macri , which represents thecenter - right and that they have to rebuild the country 's low foreign currency reserves.