Oil prices stabilized on Wednesday after rising sharply earlier, amid fears of an escalation of the conflict between the United States and Iran. Iran launched more than a dozen ballistic missiles at bases in Iraq […]
Oil rose to its highest level in nearly three months after US President Donald Trump signed a partial trade deal with China, and expectations for global demand rose after OPEC+ agreed to deepen production cuts. […]
Saudi Aramco shares rose after its initial public offering, as the market value of the world’s largest oil producer was valued at a record $1.88 trillion, which in turn raised the stock market in Saudi […]
Saudi Arabia marginalized international banks advising on Aramco’s IPO. JPMorgan Chase & Co. and Morgan Stanley are among the global coordinators who have been sidelined after the oil giant turned to local lenders such as […]
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 […]
Aldar Investment Properties, an extremely famous subsidiary of Aldar Properties, has announced the successful subscription of $500 million UD denominated sukuk for US $500 million. The sukuk carries a coupon rate of 3.875 per cent, […]
Oil prices rose on Wednesday, tracking gains in stock markets. Investors are pinning their hopes on a possible Brexit deal and on signals from OPEC and its allies that further supply constraints could be close. […]
According to the World Economic Forum’s Global Competitiveness Report 2019, the UAE has been ranked as the most competitive economy in the Arab region for the fourth consecutive year. Globally, the UAE ranks 25th, up […]
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 […]
Previously, during the turbulence of oil exports in the Middle East, the United States was in great pain as gasoline and other fuel prices soared. Costs could also rise in the coming weeks if Saudi […]
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