Search Results for: Saudi Arabia's
Oil crisis: Prices decline again after Saudi Arabia refuses to cut production
February 19th, 2016
Oil prices declined after Saudi Arabia’s foreign minister Adel al-Jubeir said that his country will not cut production. The statement made on 18 February is contrary to what Saudi Arabia had agreed to at the recent emergency meeting in ...
Oil prices volatile after Saudi Arabia cuts ties with Iran
January 5th, 2016
Oil prices went on a roller-coaster ride Monday after Saudi Arabia and some of its allies severed diplomatic ties with Iran. The rising tension in the Middle East sent crude prices spiking by nearly 3% in early trade before ...
Oil surges on Saudi Arabia, Iran tensions
January 4th, 2016
Oil prices surged during the start of 2016 trading as relations between top crude producers Saudi Arabia and Iran deteriorated, raising concerns about potential supply disruptions, though weak Asian manufacturing data kept a lid on bullish expectations. Saudi Arabia, ...
Egypt can’t rely on cash-strapped Saudi Arabia
November 5th, 2015
Egypt is running low on cash. And this time, oil-rich friends like Saudi Arabia may not be able to come to its rescue. Egypt‘s lack of cash is threatening its ability to mount an economic comeback from the turmoil ...
Saudi Arabia to run out of cash in less than 5 years
October 26th, 2015
Not even the mighty Middle East can survive cheap oil forever. If oil stays around $50 a barrel, most countries in the region will run out of cash in five years or less, warned a dire report from the ...
Saudi Arabia Just Got Turned Into an ETF
September 17th, 2015
Now that you can have instant exposure to Middle Eastern stocks, the question is: Do you want it? Like a game of Risk, the entire world is slowly but surely getting wrapped up by U.S. exchange-traded fund issuers. The IShares MSCI Saudi ...
Saudi rises on FTSE review; Egypt up after govt reshuffle
September 14th, 2015
Saudi Arabia‘s stock market rose in early trade on Sunday after index compiler FTSE added the country to its watchlist for potential upgrade and Egypt edged up after the Cairo government resigned. Saudi Arabia’s main stock index rose 1.1 ...
Oil dips as Saudi rejects producer summit, set for weekly fall
September 11th, 2015
Crude oil prices eased on Friday due to a strong dollar and Saudi Arabia’s dismissal of a producer summit, putting prices on track for a small weekly fall despite a strong rally in the previous session. October Brent, the ...
Saudi stock index up, shuns oil prices
September 10th, 2015
Saudi Arabia’s stock benchmark Tadawul All Share Index jumped 2.3 percent to 7,749 points and most stocks in Riyadh were positive. National Commercial Bank, the kingdom’s top lender, was one of the main supports, jumping 3.2 percent. Another large ...
Oil prices surge after Saudi air strikes in Yemen
March 26th, 2015
Brent crude oil shot up nearly 6 percent on Thursday after Saudi Arabia and its Gulf Arab allies began a military operation in Yemen, but the benchmark later came off its high near $60 as importers saw no immediate threat to supplies. The strike against ...
