Saudi Arabia officially launched its first public offering of state-run Saudi Aramco on Sunday, which will see a batch of shares on the local bourse hoping to raise billions of dollars to the kingdom. Initial […]
The Federal Reserve is slashing its benchmark interest rate on Wednesday for the third time this year to help sustain US economic expansion in the face of widespread trade tensions and slowing global growth. But […]
Markets in the Middle East and Central Asia could lose more because of their high sensitivity to global risks compared to other developing countries, according to a report by the International Monetary Fund (IMF), which […]
Global equity markets, especially in Asia and Europe, will open upward on Monday after China and the United States are close to finalizing a deal. The performance of US stock markets improved after the announcement […]
Amazon’s founder is close to losing his place as the world’s richest man to Microsoft founder Bill Gates. This comes as Amazon shares fell late on Thursday. Shares in the world’s largest retailer fell 8.1 […]
Shares in Saudi Arabia rose sharply on Sunday, lifted by cheaper valuations and delays in Aramco’s IPO. Shares of financial institutions have mostly suffered in major Gulf markets. The Saudi market rose 2 per cent […]
The price of Netflix (NFLX) dropped from $380 to $300. Analyst Vijay Jayant said on Monday that investors were nervous about the Netflix business model with “a number of new Internet TV service launches from […]
Iran’s oil company has pulled out of a $5 billion deal to develop part of Iran’s huge offshore natural gas field, an agreement the French government earlier withdrew because of US sanctions on Iran, the […]
In the past two days, US market indices have generally declined as investors’ discussions appeared to be concerned about new signs of a slowing economy. The Dow Jones Industrial Average increased on Wednesday, sending the […]
Oil posted its weakest quarter since late last year as concerns over the global economic slowdown increased, especially after an unprecedented attack on Saudi Arabia’s key energy facilities. Brent futures have fallen 8.7% since the […]
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