Search Results for: Arab markets
Asia markets rally after oil prices surge on OPEC production cut deal
September 29th, 2016
The overnight rally in oil prices amid reports that oil producers finally agreed to cut production levels sent Asia markets higher on Thursday. Australia’s ASX 200 was up 1 percent in afternoon trade, with the energy sector rallying 6.54 percent, while ...
Emerging Markets Rally as Fed Bets Pulled; Japanese Stocks Fall
September 7th, 2016
Weak U.S. economic data slashes odds of a September rate hike Japanese shares retreat as yen strengthens; oil near $45 Emerging-market stocks and currencies rallied with European equity index futures after a slew of weak U.S. economic data quelled ...
International law firm announced association in Saudi Arabia
August 24th, 2016
Leading international law firm Clifford Chance today announced that it has entered into an association with the newly established Abuhimed Alsheikh Alhagbani Law Firm (AS&H) in Saudi Arabia. The association will commence operations later this year. It will replace ...
Saudi Arabia construction market has dropped 80 per cent, says Al Khodari chief
August 1st, 2016
The chief executive of Saudi Arabia’s only publicly traded builder has estimated that the construction market in the kingdom has shrunk by as much as 80 per cent. Fawwaz Al Khodari, the head of Al Khodari & Sons, also ...
Turnover at Deutsche Börse’s cash markets at 103.8 billion euros in May
June 7th, 2016
Deutsche Börse Cash Market: Order book turnover on Xetra, Börse Frankfurt and Tradegate Exchange across all asset classes stood at €103.8 billion in May (May 2015: €125.6 billion). Of the €103.8 billion, €96.1 billion were attributable to Xetra (May 2015: ...
Saudi Arabia Cuts Oil Prices in Europe as Iran Ramps Up Exports
June 6th, 2016
Saudi Arabia on Sunday cut its oil prices to Europe, signaling mounting competition after OPEC failed to cap its output amid Iran’s exports ramp up. In an email sent to customers, state oil company Saudi Aramco said it had ...
Arab world could see US$69 billion in online payment transactions per annum by 2020
May 31st, 2016
PAYFORT State of Payments 2016 report confirms Saudi Arabia and UAE as fastest growing markets for online payment transactions, with 23% average growth across the region PAYFORT, the leading online payment service provider in the Arab world, has announced ...
OPEC has turned into battleground between Saudi Arabia and Iran
May 30th, 2016
The next OPEC meeting on the 2nd of June will act as little more than a forum for continued altercations between Saudi Arabia and Iran, writes Rakesh Upadhyay of Oilprice.com. Relations between the two countries have reached a new low. ...
Saudi Arabia Has a Plan B to Try to Stop Iran’s Economic Rise
May 26th, 2016
The kingdom is mobilizing its Gulf allies to make sure that Iran’s opening-up to the global economy doesn’t go smoothly. Saudi Arabia couldn’t stop the Iran nuclear deal from being signed. Plan B is to limit Iran’s ability to ...
UAE cities ranks high among world’s fastest growing retail markets
May 16th, 2016
CBRE: Abu Dhabi and Dubai ranks high in retail development Abu Dhabi and Dubai, UAE, have together ranked among the top 17 of the most active cities for shopping centre development, according to CBRE’s latest Global Shopping Centre Development ...
