oil

Gulf’s Private-Sector Growth Slows As Price of Oil Falls

DUBAI, Nov 3 (Reuters)  The private sector in the two biggest Gulf Arab economies grew at the slowest pace in years in October, corporate surveys showed on Tuesday, indicating low oil prices are starting to slow business activity across the region. The seasonally adjusted Emirates NBD Saudi Arabia Purchasing Managers’ Index for last month dropped

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Azerbaijan’s Ruling Party Likely to Win Elections

BAKU, Nov 1 (Reuters)  Azeri voters headed to the polls on Sunday for a parliamentary election, which Azerbaijan President Ilham Aliyev’s ruling party is widely expected to win, and which mainstream opposition and international monitors are shunning. Aliyev has consolidated his power since succeeding his father and long-serving leader Heydar in 2003, presiding over a

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KSA, S&P Spat Continues Over Ratings

By Staff Reporter DUBAI, Oct. 31 Saudi Arabia’s Ministry of Finance accused ratings agency Standard and Poor’s of acting “on an unsolicited basis” few hours after the agency downgraded the Kingdom’s credit ratings to A+ with a negative outlook. The ministry further challenged economic data provided by S&P, saying the Kingdom’s economy had already taken provisional measures to

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