Business

Iraq in Market to Raise $1 billion, first Standalone Bond in Over Decade

By Davide Barbuscia DUBAI, Aug 2 – Iraq started marketing a $1 billion bond on Wednesday, its first international debt issuance as a standalone credit since 2006 and an attempt to put decades of turmoil behind it. With huge oil reserves behind it, the bond was seeking to tempt emerging market investors with alluring profits

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S&P Global Ratings: Gulf Sovereigns Will Find It Hard To Diversify

The Gulf Cooperation Council (GCC) countries of Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and Abu Dhabi (a member of the United Arab Emirates–UAE) currently benefit from sizable hydrocarbon resources, at close to 30% of global oil reserves and 20% of global gas reserves (source: BP Statistical Review of World Energy 2017) relative to their population

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Saudi Calls OPEC Members to Stick to Limits, Sees Oil Demand Up

By Katya Golubkova, Vladimir Soldatkin and Rania El Gamal ST PETERSBURG, Russia, July 24 – OPEC leader Saudi Arabia said on Monday the group would quickly address weak compliance with output cuts by some OPEC states and would monitor rising production from Nigeria and Libya, which have been exempted from the curbs. OPEC has agreed

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Business Outlook: ‘Make or Break’ for OPEC

 By Ole Hansen Hedge funds and oil traders in general have had a difficult quarter, particularly given the Opec/non-Opec production cut deal’s failure to boost prices. The outlook for gold, however, is more bullish given geopolitical uncertainties and policy risks. “We maintain a bullish outlook for gold in the belief that the risk to the

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Israel, India Look Past Defence to Broaden Commercial Ties

By Tova Cohen and Ari Rabinovitch TEL AVIV, July 6- In the months leading up to Indian Prime Minister Narendra Modi’s historic visit to Israel, India signed two arms deals, spending $2.6 billion on Israeli missile defense systems. Yet since Modi arrived on Tuesday, military ties — for decades the secretive bedrock of India-Israel relations

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JLL Releases Abu Dhabi Market Overview for Q2 2017

Abu Dhabi, UAE, 03 July 2017- JLL has released its Abu Dhabi Q2 Real Estate Market Overview, which has shown a polarization of demand, resulting in an increasingly two tier market in recent years. The same trend is now emerging in the retail sector where an increasingly two tier market is resulting in a growing gap

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Airbus Unveils Leaner Structure and Sales Shake-Up

By Tim Hepher and Sudip Kar-Gupta PARIS, July 3 – Airbus rolled out a leaner new structure on Monday, completing a recent merger between its parent company and its dominant planemaking arm, and including a shift in the reporting line for its key commercial sales team to group CEO Tom Enders. That move, which confirmed

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Qatar Riyal FX Market in Chaos But Bankers Believe Peg Still Solid

DUBAI/ABU DHABI, June 28 – Economic sanctions and poor liquidity have created chaos in the foreign exchange market for Qatari riyals, with the currency trading far below its peg to the U.S. dollar this week, but bankers in the region believe the peg remains solid. The riyal has been increasingly volatile in the spot market

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