business news

BUSINESS OUTLOOK: Volatility is on the Rise Again

BY Noureldeen Al Hammoury Crude Oil Rally Fades Since the beginning of the year, when oil producers decided to discuss the intention to freeze their oil production, crude oil prices recovered dramatically, moving from as low as $26 per barrel during January trading sessions to crossing the $50 threshold towards the end of May. However, the

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Business Outlook: In Defense of (Some) Experts

BY John D’Agostino  It’s a bad time to know what you are talking about. ‘Experts’ are out of favor. Driven underground, pods of highly trained individuals are left to scavenge for anyone who will heed their clarion calls on Brexit, asset bubbles, vaccines, climate change, immigration, race relations—you know, the simple stuff. Doctoral candidates stand

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Ratings On Saudi Arabia Lowered To ‘A+/A-1’; Outlook Remains Negative

By staff reporter Standard and Poor’s Ratings Services lowered its unsolicited long-and short-term foreign- and local-currency sovereign credit ratings on the Kingdom of Saudi Arabia to ‘A+/A-1’ from ‘AA-/A-1+’. The outlook remains negative. In a report issued late Friday, S&P also revised its transfer and convertibility (T & C) assessment on Saudi Arabia to ‘AA-‘from

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