Search Results for: Kuwait
Saudi, Russia Vow Oil Cooperation Without Agreeing to Freeze
September 6th, 2016
Countries have ‘number of tools’ for joint action, Novak says Oil pares gains as rapprochement falls short of concrete steps The world’s top two crude-oil producers pledged to cooperate to stabilize global markets, while failing to announce any specific ...
Oil Rally Fervor Cools as OPEC Output at Record Before Talks
September 5th, 2016
Investors cut bets on oil rally by most in two years: CFTC OPEC production reached 33.69 million barrels a day last month Investors are realizing that OPEC’s talk of a production freeze may not be much of a restraint, ...
Which are the best Arab Region Universities in 2016: The Top 20
June 16th, 2016
Three Saudi universities top Arab list Three Saudi-based universities have won top spots in this year’s list of Best Arab Region Universities, compiled by US News & World Report, an American publisher of Best Colleges and Best Graduate Schools ...
The Top Companies in the Arab World 2016
June 2nd, 2016
Last year was not an easy one for Arab companies. Political instability and plunging oil prices affected financial performance. Total market value for the 100 Top Companies in the Arab World dropped 15.5% to $689 billion between April 1, ...
Opec: No Deal Amid Saudi-Iran Stand-Off
June 2nd, 2016
Oil prices have remained flat in early Asian trading, as investors await the outcome of today’s Opec meeting in Vienna. Early this morning, Brent crude was trading at just under $50 a barrel – less than half the level ...
Arab world could see US$69 billion in online payment transactions per annum by 2020
May 31st, 2016
PAYFORT State of Payments 2016 report confirms Saudi Arabia and UAE as fastest growing markets for online payment transactions, with 23% average growth across the region PAYFORT, the leading online payment service provider in the Arab world, has announced ...
OPEC has turned into battleground between Saudi Arabia and Iran
May 30th, 2016
The next OPEC meeting on the 2nd of June will act as little more than a forum for continued altercations between Saudi Arabia and Iran, writes Rakesh Upadhyay of Oilprice.com. Relations between the two countries have reached a new low. ...
Saudi Arabia Has a Plan B to Try to Stop Iran’s Economic Rise
May 26th, 2016
The kingdom is mobilizing its Gulf allies to make sure that Iran’s opening-up to the global economy doesn’t go smoothly. Saudi Arabia couldn’t stop the Iran nuclear deal from being signed. Plan B is to limit Iran’s ability to ...
Dubai expects 2.5m Saudi tourists in 2020
May 23rd, 2016
Dubai is a top choice for Saudi tourists and their number is expected to increase by almost 100 percent, that is 2.5 million, by 2020, an Emirati official has said, citing current economic forecasts. “The number of Saudi tourists ...
Oil prices jump as Goldman Sachs says market flips into deficit
May 16th, 2016
Oil prices jumped over 1 percent on Monday after long-time bear Goldman Sachs said the market had ended almost two years of oversupply following global oil disruptions and flipped to a deficit. International Brent crude futures were trading at ...
