CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets and looks ahead at where oil and precious metals are likely headed next week.» Read More
DUBAI, Aug 21- Saudi Arabia's stock market regulator proposed rules on Thursday for opening the $580 billion market to direct investment by foreign institutions, including a 10 percent cap on foreign ownership of the market's value. The Saudi Capital Market Authority published the draft rules on its website on Thursday.
PARIS, Aug 18- Armed gunmen ambushed a Saudi prince's convoy on the outskirts of Paris on Sunday evening, making off with a large amount of cash and some private documents in what police said looked like a raid by well-informed attackers.
The Middle East and other oil-producing countries are hotbeds of instability. So why is oil falling instead of rising?
RIYADH/ DUBAI, Aug 14- Seventy-year-old Saudi Arabian stock speculator Mohamed al-Otaibi says he lost hundreds of thousands of dollars in the crash of 2006, but he's back trading again as the Arab world's biggest bourse prepares to open to direct foreign investment.
The IEA, which advises major consuming nations on energy policy, said North American oil supply growth was "relentless."
BEIRUT, Aug 12- Islamic State insurgents who seized a Lebanese border town this month planned to turn Lebanon into another Iraq by unleashing sectarian war between Sunnis and Shi'ites that would have endangered the nation's very existence, the army commander said.
*Liberia declares 90- day state of emergency. FREETOWN/ MONROVIA, Aug 7- The army blockaded rural areas hit by the deadly Ebola virus in Sierra Leone on Thursday, a senior officer said, after neighbouring Liberia declared a state of emergency to tackle the worst outbreak of the disease, which has killed 932 people.
*Police in eastern Sierra Leone blockade Ebola-hit towns. FREETOWN/ MONROVIA, Aug 7- Police and soldiers in Sierra Leone blockaded rural areas hit by the deadly Ebola virus on Thursday, a senior officer said, after neighbouring Liberia declared a state of emergency to tackle the worst-ever outbreak of the disease, which has killed 932 people.
*Operation "White Shield" begins in north Liberia. MONROVIA/ DAKAR, Aug 6- Health workers in West Africa appealed on Wednesday for urgent help in controlling the world's worst Ebola outbreak as the death toll climbed to 932 and Liberia shut a hospital where several staff were infected, including a Spanish priest.
*Operation "White Shield" begins in north Liberia. MONROVIA, Aug 6- Liberia shut a major hospital in the capital Monrovia on Wednesday after a Spanish priest and six other staff contracted Ebola, as the death toll from the worst outbreak of the disease hit 932 in West Africa.
*Saudi kings gives $1 bln to Lebanese army. ON THE OUTSKIRTS OF ARSAL, Lebanon Aug 6- L ebanon's army and Islamist militants clashed on Wednesday in breach of a ceasefire aimed at ending five days of fighting in the most serious spillover of Syria's civil war onto Lebanese soil.
*Saudi kings gives $1 bln to Lebanese army. BEIRUT, Aug 6- The Lebanese army and Islamist militants clashed on Wednesday despite a 24- hour ceasefire agreed to end five days of fighting that has killed dozens of people in the most serious spillover of Syria's three-year civil war into Lebanon.
RIYADH, Aug 1- Saudi Arabia's King Abdullah criticised on Friday international inaction over Israel's offensive in Gaza, which he described as involving mass slaughter and "war crimes against humanity", in a speech read out on his behalf on state television.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets and looks ahead at where oil and precious metals are likely headed next week. WTI was down but Brent crude was up on the day. Nat gas was down and gold was up.
U.S. shale has put the country on the same terrain as Saudi Arabia and Russia. In the process, it may turn oil into a safe haven.
Hootan Yazhari, head of frontier markets equity research at BofA Merrill Lynch, explains why Saudi Arabia's move to open its market to foreign investors as a "huge game-changer for the region".
*Bourse opening follows labour, mortgage, other reforms. DUBAI, July 24- Saudi Arabia's decision to open its stock market to foreign investors is part of an accelerating series of economic reforms that may culminate in the most far-reaching change yet: higher domestic energy prices.
*Saudi Arabia as big as other Gulf markets combined. DUBAI, July 23- The opening of Saudi Arabia's bourse to international investors may double the amount of foreign money flowing into the Gulf's securities markets, making it more attractive to invest in the region but also bringing new risks.
Nour Al Hammoury, chief market strategist at ADS Securities, says it's a "historic day" for Saudi Arabia and the region, as the kingdom announces it will soon open its market to foreign investors.
*Saudis expected to follow quota model similar to China. RIYADH/ DUBAI, July 22- Saudi Arabia plans to open its stock market, the Arab world's biggest, to direct investment by foreign financial institutions in the first half of next year, the market regulator said on Tuesday.