Search Results for: Saudi Arabia
Asia Stocks Fall With Oil, Copper as Yuan Weakens; Aussie Jumps
June 1st, 2016
Crude oil sinks below $49 before OPEC meets Thursday Korean bonds rally as export slump weighs on the won Asian stocks retreated with commodities and the yuan weakened as Chinese manufacturing data pointed to lackluster growth in the world’s ...
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 ...
Winners of Middle East Hotel Awards 2016
May 30th, 2016
12 Dubai Hotels win at Middle East Hotel Awards 2016 The awards ceremony, held on 24 May at the Palazzo Versace Dubai, witnessed a 63 per cent increase of submissions on the previous year’s edition, with the 6-month old ...
Oil prices retreat from $50 on oversupply concerns, stronger dollar
May 27th, 2016
Oil futures slipped in Asian trade on Friday after hitting resistance at the $50 a barrel mark as investors worried higher prices could reactivate shuttered crude output, adding to global oversupply. Prices were also pressured by a strong greenback ...
Bahrain introduces two new types of visas to help attract more visitors and investors
May 26th, 2016
Move seeks to boost number of tourists, investors Bahrain is introducing two new types of visas and extending a third to help attract more visitors and investors to the kingdom. Under the plan recommended by the Executive Committee, chaired ...
Kuwait calls on Iran to join oil production freeze plan
May 16th, 2016
Kuwait has called on Iran to join an oil production freeze plan after major producers failed to agree on keeping output at current levels. The freeze scheme, spearheaded by Saudi Arabia, has coincided with Iran’s bid to redeem lost ...
Oil prices jump as Goldman Sachs says market flips into deficit
May 16th, 2016
Oil prices jumped over 1 percent on Monday after long-time bear Goldman Sachs said the market had ended almost two years of oversupply following global oil disruptions and flipped to a deficit. International Brent crude futures were trading at ...
PAYFORT State of Payments 2016 report to reveal new insights into Arab world’s buying habits
May 12th, 2016
Report examines e-payment and e-commerce markets; adds extensive consumer survey to reveal region’s shopping behavior PAYFORT, the leading online payment service provider in the Arab world, will soon publish its third “State of Payments in the Arab World” report, ...
Oil prices fall as Canada oil sand fields gradually return
May 12th, 2016
Oil prices fell on Thursday, dragged down by the gradual return of Canadian oil sands output, reversing a sharp rise the previous day when the U.S. government detailed an unexpected fall in crude inventories. International Brent crude futures were ...
Asia mostly higher; Nikkei leads with 2% gain
May 10th, 2016
Asia markets traded mostly higher on Tuesday, with the Japanese benchmark index leading gains in the region. The Nikkei 225 added 2.04 percent, while across the Korean Strait, the Kospi traded up 0.36 percent. In Hong Kong, the Hang Seng index was down 0.05 percent. ...
