Middle East (Energy)

Investors see big oil surge, but physical markets suggest caution

Investors see big oil surge, but physical markets suggest caution

Published 15/05/2018

NEW YORK/LONDON/SINGAPORE (Reuters) - Oil futures prices have soared past three-year highs, OPEC’s deal has cut millions of barrels of inventory worldwide and investors are [more…]

Qatar says Emirati plane violated airspace, UAE denies

Qatar says Emirati plane violated airspace, UAE denies

Published 12/01/2018

FILE PHOTO - Buildings are seen on a coast line in Doha, Qatar, June 15, 2017. REUTERS/Naseem ZeitoonDUBAI (Reuters) - Qatar has filed a complaint [more…]

Efforts to hurt Qatar’s riyal may backfire on region, central banker says

Efforts to hurt Qatar’s riyal may backfire on region, central banker says

Published 27/11/2017

DUBAI (Reuters) - Some Arab states are trying to destabilize Qatar’s riyal but efforts to drive down its value could backfire by hurting other dollar-linked [more…]

Future Saudi king tightens grip on power with arrests including Prince Alwaleed

Future Saudi king tightens grip on power with arrests including Prince Alwaleed

Published 06/11/2017

Saudi Arabia's future king has tightened his grip on power through an anti-corruption purge by arresting royals, ministers and investors including billionaire Alwaleed bin Talal who is one of the kingdom's most prominent businessmen. [more…]

Saudi princes accused of bribery, embezzlement, money laundering: official

Saudi princes accused of bribery, embezzlement, money laundering: official

Published 06/11/2017

Bribery, embezzlement, money laundering and abuse of power are among the accusations leveled against dozens of Saudi princes, officials and businessmen detained in an anti-corruption probe, a Saudi official told Reuters on Monday. [more…]

Saudi fund agrees plan to invest in Virgin space ventures

Saudi fund agrees plan to invest in Virgin space ventures

Published 26/10/2017

Saudi Arabia's Public Investment Fund plans to invest about $1 billion in Richard Branson's space company, Virgin Galactic, and sister companies The Spaceship Company and Virgin Orbit, according to a joint statement published on Thursday. [more…]

Trump to target Iran nuclear deal, Revolutionary Guard in speech

Trump to target Iran nuclear deal, Revolutionary Guard in speech

Published 13/10/2017

President Donald Trump will outline a tougher U.S. strategy for countering Iran on Friday that will seek to strengthen the enforcement of what he considers a flawed nuclear deal and deny funding for Iran's Islamic Revolutionary Guard Corps. [more…]

Commercial Bank of Qatar looks to Asian funding amid Arab boycott

Commercial Bank of Qatar looks to Asian funding amid Arab boycott

Published 25/09/2017

Qatar's third-largest lender, Commercial Bank of Qatar (CBQ), is considering borrowing money on the Taiwanese bond market, its group chief executive told Reuters, as a crisis in the region makes it harder to raise funds. [more…]

Iraqi Kurds vote in historic independence referendum, shrugging off threats

Iraqi Kurds vote in historic independence referendum, shrugging off threats

Published 25/09/2017

Voting started on Monday in an independence referendum organized by the Kurdistan Regional Government (KRG) in northern Iraq, ignoring the threats of the Kurds' neighbors and fears of further instability and violence across the Middle East. [more…]

Will Saudi Aramco deliver world record profit for next year`s IPO?

Will Saudi Aramco deliver world record profit for next year`s IPO?

Published 08/09/2017

When oil giant Saudi Aramco discloses its financials for the first time next year, it must either surprise investors with world record profits or reduce its aspirations for a $2 trillion valuation in its initial public offering (IPO). [IPO-ARMO.SE] [more…]