U.S. Shutdown Spreads to Oil-Rich Middle East

Posted on October 9, 2013 by Joe

The International Monetary Fund said the U.S. economy remains at the front and center of the global economic conversation. Now in week two of a partial federal shutdown, the IMF warned, however, that an obstinate political climate was creating uncertainty about the strength of the recovery in the U.S. economy. Oil prices continued to trend lower amid ongoing concerns Washington wouldn’t be able to get its fiscal house order before defaulting on its debt obligations. Apart from the impact of rising U.S. oil production, the IMF warned lower oil prices could leave many oil producers in the Middle East and North Africa in economic trouble.

Middle East and North Africa to be Split into 14 Independent States?

Posted on October 2, 2013 by Joe

A recent report emerged earlier this week indicating that five countries in the Middle East and North Africa could soon split up to reform themselves as 14 different independent states.

Read more: http://tinyurl.com/kb278x8

Dallas optimistic about opportunities in Middle East

Posted on November 23, 2012 by Joe

The Middle East presents a wealth of business opportunities for Alberta companies, as well as potential investment dollars for the province.

This was Cal Dallas’s assessment following an 11-day trip that took the International and Intergovernmental Relations minister to the United Arab Emirates, Bahrain and Kuwait.

Read more: http://tinyurl.com/cpmzg2u

Alberta minister embarks on Middle East tour to drum up energy business

Posted on November 7, 2012 by Joe

EDMONTON— Cal Dallas is off to the Middle East to drum up $120 billion of energy investment and sell some of the world’s oil giants on Alberta gas and oil technology.

The minister of International and Intergovernmental Relations heads first to Abu Dhabi Saturday before travelling on to Dubai, Bahrain and Kuwait on a trip expected to cost taxpayers nearly $50,000. He returns Nov. 21.

Read more: http://tinyurl.com/ad9a5jb