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 […]
The Kuwaiti government has indicated that it will invest up to $1 billion in the initial public offer for Saudi Aramco, as the Kingdom requests regional allies to boost sales of its record selling shares, […]
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 […]
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, […]
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 […]
Saudi Arabia’s new energy minister said on Monday that OPEC’s deal to limit oil production with non-OPEC allies, including Russia, could last as long as possible. “Now we have a bigger family, which is OPEC […]
Investors are seemingly returning to concern over important factors, including the US-China trade war, the weakening global economy and inverted Treasury yields, which may be a sign of a new recession. US stock index […]
The Fed’s 2019 pause on rate hikes may not be enough if the US-China trade talks do not make further progress. The German DAX index saw an interesting evolution on Wednesday. Down 1.57% and […]
Stocks in the United States fell on Monday, as all major averages finished the trading session in the red zone. Financials and utilities stocks led the S & P 500 index to drop, while health […]
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