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Saudi Arabia

uae-flags

UAE private sector business activity rebounds from 30-month low

08/12/2015(0)
The economies of Saudi Arabia and the UAE showed a mild improvement in November, according to a monthly survey of businesses. But economists believe that the impact of low ... Read More
oil

OPEC Heads for Status Quo as Members Clash Over Output Cut

04/12/2015(0)
Saudi Arabia opposes cuts without Russian participation Venezuela rallies cash-strapped members to support output cuts OPEC looked on track to maintain the status quo after member states clashed over ... Read More
oil

Saudi Arabia, Allies Willing to Cut Oil Production If Others Follow

03/12/2015(0)
Divisions emerge ahead of a contentious OPEC meeting on Friday Saudi Arabia and its Persian Gulf allies are willing to pull back oil output as crude prices skidded further ... Read More
oil-well

Russia and Saudi Arabia Battle for Control of European Oil Market

01/12/2015(0)
Both Russian and Saudi companies have aggressively discounted their crude exports to Europe, dimming hopes of production cuts A contest for dominance in Europe’s oil market is heating up ... Read More
oil-well

OPEC rivals now allies in push for oil market share

30/11/2015(0)
Almost by accident, OPEC adversaries Saudi Arabia and Iran are about to work as a team. When the Saudi kingdom decided last year that OPEC should keep pumping to ... Read More
saudi-arabia

Don’t expect Saudi Arabia to back down when OPEC meets

26/11/2015(0)
Cartel may ‘splinter as each country has different agendas and priorities’ Despite a nearly 30% fall in oil prices since a June meeting, don’t expect the Organization of the ... Read More
UAE-Burj-Khalifa-Dubai

Dubai private sector growth hits five-year low amid ‘travel and tourism contraction’

09/11/2015(0)
Dubai’s private sector recorded its slowest growth in more than five years last month. Expansion of business activity was at a 68-month low with a slowdown in the travel ... Read More
oil-well

Saudi Minister Says Asia Will Drive Oil Demand

09/11/2015(0)
OPEC chief joins Naimi in seeing Asia as main hub for growth Russia targets doubling oil exports to Asia-Pacific by 2035 Oil demand will soon reflect the “attractiveness” of ... Read More
egypt-flag

Egypt can’t rely on cash-strapped Saudi Arabia

05/11/2015(0)
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 ... Read More
saudi-arabia

Saudi Arabia reacts sharply to S&P downgrade of kingdom’s debt rating

02/11/2015(0)
Saudi Arabia yesterday reacted sharply to Standard & Poor’s move to downgrade the kingdom’s debt rating. The debt rating agency said it would downgrade Saudi Arabia’s long-term rating a ... Read More
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