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Search Results for: Arab

Biggest Ever Saudi Overhaul Targets $100 Billion of Revenue
April 4th, 2016 (0)
Levies on expats, energy, luxury goods, sugary drinks seen Plan is to boost non-oil revenue to balance budget by 2020 The biggest economic shake-up since the founding of Saudi Arabia would accelerate subsidy cuts and impose more levies, a ...

Oil Drops After Saudis Say Will Freeze Output Only If Iran Joins
April 4th, 2016 (0)
Will boost sales if others lift output: Deputy crown prince Russian production expands to set post-Soviet high in March Oil extended declines after Saudi Arabia’s deputy crown prince said the kingdom will freeze output only if Iran follows suit, ...

Asia markets rise; Japanese yen maintains 111 handle versus dollar
April 4th, 2016 (0)
Asian markets were mixed Monday, with Japanese shares losing ground on the back of a lower dollar/yen pair, which has hovered at the 111 level since Friday. Australia’s ASX 200 was up 0.64 percent, while Japan’s Nikkei 225 gave up gains to trade ...

Iran Said to Attend Doha Talks Without Joining Oil Freeze
March 30th, 2016 (0)
All OPEC members except Libya now scheduled to attend talks Russia will join meeting while Argentina, Brazil declined Iran will attend talks with fellow OPEC members and Russia in Qatar next month without joining their proposal to freeze crude ...

India to OPEC: We’ll take that extra oil you’re pumping
March 30th, 2016 (0)
India’s got an oil problem. The country’s lightning-fast growth rate is fueling increased demand for crude. Yet India doesn’t pump much oil at home, forcing it to rely on foreign imports. India also lacks a strategic petroleum reserve, or ...

Oil prices fall 3 percent as investors focus again on glut
March 30th, 2016 (0)
Oil prices fell about 3 percent on Tuesday, reflecting growing concern that a two-month rally was fading as demand fails to keep up with swelling global supply, including new output from Kuwait and Saudi Arabia. Prices bounced, but only ...

Most Asian markets up in wake of dovish Yellen remarks, but Nikkei lags
March 30th, 2016 (0)
Most Asian markets advanced after remarks from Federal Reserve chair Janet Yellen assuaged concerns about a near-term interest rate hike, but Japan’s shares retreated as the yen strengthened. “Janet Yellen doubled down on dovishness, in a speech full of risks to ...

Egypt targets higher growth, deficit reduction in new government program
March 29th, 2016 (0)
Egypt promised tough action to restore growth on Sunday with a government program that aimed to reduce the budget deficit while protecting the poor as public anger mounts over a deteriorating economy. Prime Minister Sherif Ismail, reading out a ...

Oil Prices Edge Down Amid Little-Improved Supply Picture
March 29th, 2016 (0)
Oil prices edged down Monday, extending last week’s decline, as traders returned from a long holiday weekend to a market with little improvement in supply-and-demand conditions. The benchmark U.S. contract fell 0.2% to $39.39 a barrel on the New ...
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