Search Results for: Qatar
IMF’s Lagarde Discusses Economic Challenges with GCC Countries
November 9th, 2015
Ms. Christine Lagarde, Managing Director of the International Monetary Fund (IMF), issued the following statement today at the conclusion of a meeting in Qatar with the finance ministers and central bank governors of the Gulf Cooperation Council (GCC)1 : “I ...
Saudi Arabia to run out of cash in less than 5 years
October 26th, 2015
Not even the mighty Middle East can survive cheap oil forever. If oil stays around $50 a barrel, most countries in the region will run out of cash in five years or less, warned a dire report from the ...
Saudi Arabia warned financial assets may be drained within five years
October 22nd, 2015
The IMF has warned that regional economies could burn through their financial buffers within five years as they face a $700 billion deficit. The fund lowered its projection for Gulf growth to 3.3 per cent this year, down from ...
OPEC Brings Oil Price War Home in Pursuit of Asia’s Cash
October 20th, 2015
Members discounting their crude to lure Asian buyers Kuwait’s official selling price diverges from Saudi Arabia When it comes to deciding how much to charge Asian oil buyers, OPEC members are showing little regard for tradition. Suppliers from the Organization ...
Oil Extends Gains Near $50 a Barrel as OPEC Sees Demand Growth
October 12th, 2015
Non-OPEC crude oil supply due to contract, OPEC chief says Global prices have bottomed, signs of 2016 recovery: Qatar Oil extended gains near $50 a barrel amid speculation an increase in demand will ease a global glut. Futures rose ...
SFO to press Barclays over £7bn fundraising in private hearing
September 29th, 2015
Serious Fraud Office will apply for access to evidence regarding how the bank raised the funds during the 2008 financial crisis A private hearing is to take place in December in which the Serious Fraud Office (SFO) is thought to be ...
Kuwait stock market shrinks as its economy underperforms more dynamic economies in the Gulf
September 21st, 2015
Kuwait stock delistings threaten market’s status Kuwait market shrinks as others expand Some firms complain about low valuations, liquidity Others cite costs of maintaining listing Regulator says oil companies could be listed Effort to upgrade Kuwait to emerging market ...
Oil dips as Saudi rejects producer summit, set for weekly fall
September 11th, 2015
Crude oil prices eased on Friday due to a strong dollar and Saudi Arabia’s dismissal of a producer summit, putting prices on track for a small weekly fall despite a strong rally in the previous session. October Brent, the ...
Saudi stock index up, shuns oil prices
September 10th, 2015
Saudi Arabia’s stock benchmark Tadawul All Share Index jumped 2.3 percent to 7,749 points and most stocks in Riyadh were positive. National Commercial Bank, the kingdom’s top lender, was one of the main supports, jumping 3.2 percent. Another large ...
Oil markets rise as Asian stock markets catch a tailwind
September 9th, 2015
Crude oil prices rose on Wednesday as Asian stock markets caught a tailwind from a strong performance in the United States and Europe, although fuel markets remained generally dogged by oversupply. Asian shares gained after upbeat German economic data ...
