MES

This tag is associated with 26 posts

Oil Market Report: Highlights By International Energy Agency

Crude oil prices fell sharply during July and into early August, pressured by an abundance of supply and a strong US dollar. By early August, global benchmarks had sunk around 25% below end June levels. At the time of writing, ICE Brent was trading at around $49 /bbl while NYMEX WTI was at $43.30/bbl. Global oil … Continue reading

Saudi Arabia To Raise $27 Billion In Bonds Trying To Balance The Budget Due To Decline In Oil Prices

Saudi Arabia plans to raise $27 billion on the bond market by the end of 2015, according to the Financial Times. The country needs a $106 per barrel crude price to balance the budget. The bond sale is an attempt to mitigate the 47 percent decline in oil. Riyadh is planning to issue $5.3 billion in bonds … Continue reading

Without Iran Deal, There Will Be Another War In The Middle East – Obama

President Barack Obama has warned that without the Iran nuclear deal, there will be another war in the Middle East. He said that those who voted for the War in Iraq are now opposing diplomacy with Iran. Many of the same people who argued for the war in Iraq are now making the case against … Continue reading

As Oil Declines, The UAE Is The Safest Bet In The Middle East

While the stalemate against the Islamic State, or ISIS, sits just a few hundred miles away and oil receipts dropping by the day, the glittering skyscrapers and perennially superlative-laced cities of the United Arab Emirates are filled with citizens and expatriates sitting by brand-new pools, sipping cocktails, and checking their swelling bank accounts. Even these … Continue reading

The Iran Obsession – What Ails The Kingdom Of Saud?

Just as the international community embraces the prodigal Iran back into the fold, Saudi Arabia is trying to reverse the return to grace of its nemesis. Intent on protecting its legacy, is there anything the kingdom won’t do to paint Iran as the enemy? By Catherine Shakdam The grand hegemon of the Middle East, Saudi … Continue reading

Middle East: Oman’s Subsidies To Exceed $7 Billion This Year According To IMF Study

Oman’s total subsidies will touch $7.27 billion this year, the International Monetary Fund (IMF) reports in a study. This is against a subsidy estimate at $4.64 billion for 2015 in the state budget and an actual subsidy of $4.36 billion in 2014, which indicated a fall of 17.11 per cent over the previous year due … Continue reading

Saudi Arabia: An Emerging Frontier?

By Tanya Rawat Saudi Arabia has a solid economic track record and is taking steps to become more included in global financial markets. This includes the Morgan Stanley Capital International (MSCI) Emerging Markets Index, though the process is still in the early stages and some challenges remain. Saudi Arabia opened its markets to international investors on … Continue reading

Japan & Oman Sign New Investment Agreement

Originally posted on The Monetary Express:
Japan and Oman have taken another bold step in strengthening ties between the two countries by penning a new investment agreement, with the terms of such agreement to come into fruition in the next few months according to Japan’s ambassador to the Sultanate. The objective of the agreement is…

Saudi Arabia: 100 Executions In 6 Months

“Saudi Arabia has beheaded a Syrian drug trafficker, rocketing the number of this year’s executions in the Kingdom to 100. This figure is already more than the 87 sentenced and put to death in the country during the whole of last year,” RT reports. The execution took place on Monday in the northern region of … Continue reading

Saudi Arabia Opens Up $585B Stock Market To Direct Foreign Investment

“Saudi Arabia’s stock market, valued at $585 billion, opened up to direct foreign investment for the first time Monday, as the kingdom seeks an economic boost amid low global oil prices,” The Street reports. “The opening of the Tadawul Saudi Stock Exchange allows companies, particularly those that are not in the oil business, to raise … Continue reading

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