Search Results for: Gulf
Oil Falls to Two-Week Low as U.S. Supply Gain Seen, Dollar Rises
August 31st, 2016
Crude stockpiles climbed 1.3 million barrels: Bloomberg survey Commodities drop, dollar rises to one-month high versus peers Oil dropped to a two-week low before a government report that’s projected to show U.S. crude stockpiles increased, while a strengthening dollar ...
Oil prices rise on talk of possible exporter moves to prop up market
August 12th, 2016
Oil prices rose by around 1 percent on Friday, extending gains from the previous session on expectations that exporters could talk at an upcoming meeting about ways to prop up a market that continues to be dogged by a ...
The rising trend of cashless payments
July 21st, 2016
Contactless payments are rapidly gaining ground across the globe. Driven by customer convenience and efficiency, this innovative payment method has opened up new dimension for daily transactions undertaken by consumers. Mobile wallets, online payment providers, near field communication (NFC) ...
Dubai’s largest bank reported Q2 net profit rises 16%; $520m net profit
July 18th, 2016
The bank made a net profit of Dhs 1.91bn in the three months to June 30 Dubai’s largest lender, Emirates NBD (ENBD), reported a 16 per cent rise in second-quarter net profit on Monday, broadly in line with analysts’ ...
Risk On/Risk Off: What Schizophrenic Markets Are Telling Us
July 11th, 2016
These trends cannot be reversed with yet another rate cut or another “whatever it takes” announcement. In the conventional investment perspective, risk-on assets (i.e. investments with higher risks and higher potential returns) such as stocks are on a see-saw ...
So how big are Saudi Arabia’s oil reserves, really?
July 7th, 2016
“How much oil lies beneath the desert sands of Saudi Arabia and how long will it last before running out?” is a question that has intrigued and confounded oil experts for five decades. The kingdom has proven reserves of ...
Russian Oil Exports Set for Record as Europe Competition Grows
July 4th, 2016
Exports rose 4.9% in six months to 5.55 million barrels a day Iran also boosts supplied to region after sanctions lifted Russian crude exports are on track to set a record this year, which is intensifying competition in Europe ...
Before the bell: What you need to know before the US market open
June 28th, 2016
The Brexit rollercoaster is still going full tilt, unbalancing global markets, currencies and politics. Here’s what you need to know before the US open at 2:30pm London time. Major US markets are pointing up ahead of the open, with ...
Which are the best Arab Region Universities in 2016: The Top 20
June 16th, 2016
Three Saudi universities top Arab list Three Saudi-based universities have won top spots in this year’s list of Best Arab Region Universities, compiled by US News & World Report, an American publisher of Best Colleges and Best Graduate Schools ...
UAE businessman pays out £3.4m for number plate ‘1’
June 16th, 2016
After successful auction bid of 18 times reserve price, Arif Ahmed al-Zarouni says: ‘My ambition is always to be number one’ A car registration plate bearing just the number one fetched AED 18m (£3.4m) at auction in the United Arab ...
