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Defense secretary Ash Carter arrives in Saudi Arabia for scheduled meetings with King Salman; one of Indonesia's busiest international airports closes due to a volcanic eruption; and McDonald's could start offering all day breakfast, reports CNBC's Courtney Reagan.
With U.S. refineries running at record levels, the global oil glut is turning into a fuel glut.
European and Asian business could pour into Iran if sanctions are lifted, but U.S. law would keep most Americans on the sidelines.
DUBAI, July 16- Bond issues by Saudi Arabia's government are expected to be worth tens of billions of dollars by the end of 2015 as the state ramps up debt sales to plug a hole in finances created by low prices for oil exports. Central bank governor Fahad al-Mubarak announced last week that Riyadh had sold its first sovereign bonds since 2007, a 15 billion riyal...
Riyadh's official reaction to the deal was a terse statement that welcomed any agreement that would ensure Iran could not develop a nuclear arsenal, but stressed the importance of tough inspections and the ability to reimpose sanctions quickly. In private, however, Saudi officials fear an Iran released from international pressure and economic sanctions...
James Acton, Co-director of the Nuclear Policy Program at Carnegie Endowment, explains why Tuesday's nuclear deal is better than existing alternatives.
Margaret Patel, Portfolio Manager at Wells Fargo Funds Management, says incremental supply from Iran is likely to be a catalyst for lower oil prices going forward.
Matt Smith, Director of Commodity Research at ClipperData, says sanctions against Tehran won't be lifted until December so until then, Iranian crude won't be hitting export markets.
Jason Feer, Head of Business Intelligence at Poten & Partners, believes Iranian crude could return to oil markets in a matter of months.
Austin Long, Assistant Professor at Columbia School of International and Public Affairs, believes the P5+1 will likely lift the arms embargo to get a deal that could unveil Iran's nuclear ambitions.
DUBAI, July 12- Japan's Bank of Tokyo-Mitsubishi UFJ said it had obtained permission from the Dubai Financial Services Authority to operate a so-called Islamic window, underlining growing Japanese interest in sharia-compliant banking. BTMU decided to take the step after Japan's Financial Services Agency changed its supervisory guidelines, the bank said...
An Iran nuclear deal could mean a possible arms race in the Middle East——or improved relations between historic enemies, experts say.
After another volatile session, oil increasingly looks set to test its lows of the year.
*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...
Iran's nuclear talks may be the catalyst to break oil prices out of a tight trading range, created by record oil production meeting a wave of surprisingly strong demand.
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...
“Mad Money” host Jim Cramer thinks you need to temper your excitement.
Jim Cramer sees plenty of oil stocks out there that are ridiculously low and thinks it is time to do some buying.
Neville Shaw, EMEA analyst at Mirabaud, says investors looking at Saudi Arabia should target consumer and healthcare stocks.