Business

Will High-Yield Market Stay Hungry and Foolish?

By Althea Spinozzi, Sales Trader at Saxo Bank If you are passionate about the financial market, you must have seen some of those old-fashioned Wall Street movies where the trading floor at the exchange was full of screaming people pushing to buy and sell assets. Unfortunately, this romantic image of the financial market we grew

[ Read More ]

Iran Parliament Clears Oil, Foreign Ministers for Rouhani’s New Cabinet

By Babak Dehghanpisheh BEIRUT, Aug 20 – The Iranian parliament voted on Sunday to keep the oil and foreign ministers, two of pragmatist President Hassan Rouhani’s key members of cabinet, in their posts. Oil Minister Bijan Zanganeh has been credited with the boost in Iran’s crude output since many global sanctions were lifted last year

[ Read More ]

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

[ Read More ]

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

[ Read More ]

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

[ Read More ]

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

[ Read More ]

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

[ Read More ]

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

[ Read More ]