After another volatile session, oil increasingly looks set to test its lows of the year.» Read More
*Iraq exports hit record despite Baghdad, KRG tension. LONDON, June 30- OPEC oil supply in June has climbed to a three-year high due to record or near-record output from Iraq and Saudi Arabia, a Reuters survey found, underlining the focus of the group's top exporters on market share. OPEC supply has risen in June to 31.60 million bpd from a revised 31.30 million bpd in...
DUBAI, June 29- An assault on a Tunisian resort, which killed 39 people, has sent holidaymakers fleeing and dealt a major blow to the country's tourism industry, but the broader economy should be robust enough to withstand the shock. European tour operators are evacuating thousands of tourists after Friday's attack by a lone militant on a beach in Sousse and many...
June 25- Saudi Arabian Airlines will take delivery of 50 aircraft from Airbus in the largest aviation deal to be secured via Islamic financing, as the European planemaker tries to gain an edge over rival Boeing in the key Gulf aviation market. Dubai- based International Airfinance Corporation, an Airbus- backed sharia-compliant aircraft leasing fund, will buy...
PARIS— Saudi Arabia signed agreements worth billions of dollars on Wednesday to buy helicopters, Airbus jets and two possible nuclear reactors from France. The signing in Paris comes as Saudi Arabia is seeking to bolster its military capabilities while it is leading a coalition against extremists in neighboring Yemen. Saudi and French officials signed...
Leaders of the warring sides in Yemen ended four days of talks Friday in Geneva without agreeing to even a two-week truce in deference to Ramadan.
Neville Shaw, EMEA analyst at Mirabaud, says investors looking at Saudi Arabia should target consumer and healthcare stocks.
A rate hike will confirm that the U.S. is in the midst of a recovery and that is a positive factor for emerging markets, says Jorge Mariscal, CIO of emerging markets at UBS Wealth Management.
LONDON, June 15- A flurry of foreign licenses for Saudi Arabia's stock exchange could be awarded in the coming weeks after the first investors have been allowed direct entry to the $564 billion market, the bourse's chief executive said on Monday. Speaking on the day the exchange opened its doors to foreigners to invest directly into shares and HSBC Holdings...
Slim Feriani, managing partner and CEO of MENA Capital, discusses the risks and opportunities of investing in the Saudi Arabian stock market.
For the first time, foreigners can now buy and sell shares in listed companies on the Saudi Arabian stock exchange. John Burbank, Passport Capital founder and CIO, discusses investing in Saudi Arabia.
Saudi Arabia is looking for “activist investors,” the head of the country’s stock exchange told CNBC on Monday, as it opened to foreigners for the first time.
Adel Saleh Al-Ghamdi, CEO of Tadawul stock exchange, says they are looking for long-term value investors who take an active role in shaping the companies they invest in.
Adel Saleh Al-Ghamdi, CEO of Tadawul stock exchange, discusses the opening of the stock exchange to foreign investment and diversifying the country's economy away from oil.
CNBC's Hadley Gamble explains why investors should be excited about Saudi Arabia's stock exchange opening up to foreign cash.
Joel Whitaker, SVP, Global Head of Research at Frontier Strategy Group, outlines the factors that will underpin a rush of cash into Saudi Arabia's stock market for the next six months.
Peter Schiff, CEO of Euro Pacific Capital, says the opening of Saudi Arabia's stock market to foreign investors should benefit traders who already own shares of Saudi-listed companies.
Philippe Dauba-Pantanacce, senior economist for Turkey and MENA at Standard Chartered Bank, explains why Saudi Arabia's Tadawul Index is important for investors.
Saudi Arabia is set to increase oil output to a new record to meet a global demand rise, a senior state oil company official said.
The conflict in Ukraine has sparked interest in an Estonian company's lightweight, pre-fab bomb shelters.
LONDON, June 11- WS Atkins, the British engineering consultancy designing the Riyadh Metro, posted a 15 percent rise in full-year profit, beating analysts' expectations, and said its outlook remained positive. Chief Executive Uwe Krueger said the company's focus on technology and innovation was helping it win new contracts in areas such as rail and nuclear...