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 […]
The Fed loses control of the interest rate As the Federal Reserve was meeting to discuss rate cuts, it lost control of the benchmark rate it manages. It was a tough week in the finance […]
Will the stock market collapse? The answer is “yes”, because this is simply how things work, and eventually the tendency is to drop. Can you tell when exactly will it collapse? The answer is “no”. […]
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 […]
Oil prices reached their highest level in six weeks on Thursday as oil rigs in the Gulf of Mexico were evacuated before the storm, while an incident with a British tanker in the Middle East […]
The gradual decline in oil prices in the coming years could prompt Saudi Arabia and OPEC to regain some market share from the US, according to the head of oil and gas research in Europe, […]
OPEC and its allies agreed on extending oil cuts for nine more months, after many members of the producer group have endorsed a policy aimed at boosting oil prices amid a weak global economy. Saudi […]
Saudi Aramco is 85 years old. The Saudi state-owned oil company is the largest in the world, helping the kingdom maintain its position as the biggest exporter of crude oil. Riyadh is looking to acquire […]
The initial public offering of Saudi Aramco (the largest IPO in history) was canceled under the guidance of Saudi King Salman. The IPO was one of Crown Prince Mohammed bin Salman’s most important plans. According […]
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