Business
Saudi Arabia
*Weak property stocks hits Dubai shares. *First Abu Dhabi Bank declines after last week's gains. DUBAI, May 27- Saudi stocks slid below a key barrier on Sunday, hurt by the latest drop in oil prices and concerns over valuations of blue-chip companies, while property and banking shares slipped in Dubai and Abu Dhabi after big gains last week.
*Talks among Saudi Arabia, Russia, UAE in St. Petersburg. ST PETERSBURG/ DUBAI, May 25- Saudi Arabia and Russia are discussing raising OPEC and non- OPEC oil production by some 1 million barrels a day, sources said, weeks after U.S. Trump tweeted last month that OPEC had "artificially" boosted oil prices.
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*Talks among Saudi Arabia, Russia, UAE in St. Petersburg. ST PETERSBURG/ DUBAI, May 25- Saudi Arabia and Russia are discussing raising OPEC and non- OPEC oil production by some 1 million barrels a day, sources said, while OPEC's chief said a complaint from U.S. OPEC began a discussion about easing production cuts following a critical tweet from Trump, OPEC's...
ST PETERSBURG/ DUBAI, May 25- Saudi Arabia and Russia are discussing raising OPEC and non- OPEC oil production by some 1 million barrels a day, sources said, while OPEC's chief said a complaint from U.S. OPEC began a discussion about easing production cuts following a critical tweet from Trump, OPEC's Secretary-General Mohammad Barkindo said.
Oil prices fell as Russia's energy minister said a group of two dozen producer nations could soon begin easing production limits.
ST PETERSBURG/ DUBAI, May 25- Saudi Arabia and Russia are discussing raising OPEC and non- OPEC oil production by some 1 million barrels a day, sources said, while OPEC's chief said a complaint from U.S. OPEC began a discussion about easing production cuts following a critical tweet from Trump, OPEC's Secretary-General Mohammad Barkindo said.
The dollar rose against a basket of peers on Wednesday, to its highest since mid November, helped by gains against commodity-linked currencies.
Elliott Broidy's agreement to pay $1.6 million to former Playboy Playmate Shera Bechard was arranged by Michael Cohen, the longtime personal lawyer for President Donald Trump.
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AMC shares may be down year to date, but CEO Adam Aron says the company is "roaring hot" right now.
The U.S. must establish a robust process for handling North Korea that can truly deal with the issues threatening security and stability in the region, says retired Gen. Wesley Clark.
AMC Chairman and CEO Adam Aron discusses opening a movie theater in Saudi Arabia, the upcoming summer movie season and factors affecting his company's stock.
DUBAI/ RIYADH, May 24- Saudi Binladin Group will be slimmed down and renamed, six sources familiar with the matter said, after the government seized management control of the construction giant from family members that were swept up in an anti-graft drive. The moves would be the first in a broad restructuring planned for Saudi Arabia's biggest builder as Riyadh...
The most prominent driver of oil prices over the next two years is likely to come in the shape of a shipping revolution, analysts have warned.
*Malaysia calls off private search for Flight MH370. KUALA LUMPUR, May 23- Ninety-two-year-old Malaysian Prime Minister Mahathir Mohamad held his first cabinet meeting on Wednesday as officials widen a probe into corruption linked to the previous government with raids on sites linked to the head of a Muslim pilgrimage fund. He has also barred former premier...
KUALA LUMPUR, May 23- Ninety-two-year-old Malaysian Prime Minister Mahathir Mohamad held his first cabinet meeting on Wednesday as officials widen a probe into corruption linked to the previous government with raids on sites linked to the head of a Muslim pilgrimage fund. The Malaysian Anti-Corruption Commission will finish taking a statement from Najib,...
KUALA LUMPUR, May 23- Ninety-two-year-old Malaysian Prime Minister Mahathir Mohamad held his first cabinet meeting on Wednesday as officials widen a probe into corruption linked to the previous government with raids on sites linked to the head of a Muslim pilgrimage fund. The Malaysian Anti-Corruption Commission will finish taking a statement from Najib,...
Nishit Lakhotia of SICO says Saudi Arabia has raised incomes and taken steps to push privatization to diversify its economy.
Koon Chow of Union Bancaire Privée says the inclusion of Saudi Arabia in the MSCI Emerging Markets Index is "long overdue."
*Venezuelan oil supply loss helps OPEC over-deliver on cut. *OPEC downplayed Venezuelan loss when stocks were higher. LONDON, May 21- OPEC is looking closely at a drop in oil output from Venezuela to see if the loss of supply from the member state warrants action by the group, sources familiar with the matter said.
Daniel Hynes of ANZ says oil prices could see further gains if the U.S. imposes sanctions on Venezuela's oil exports after the re-election of President Nicolas Maduro.
