By Tom Finn and John Irish
DOHA/PARIS- The United Arab Emirates warned Qatar on Monday that sanctions imposed by several of its neighbours could last for years unless Doha accepts demands which Arab powers plan to reveal in coming days.
Qatar, which denies accusations by its neighbours that it funds terrorism and foments regional...
Saudi Arabia stocks were higher after the close on Sunday, as gains in the Energy & Utilities, Agriculture & Food and Financial Services sectors led shares higher.
At the close in Saudi Arabia, the Tadawul All Share gained 0.89%.
The best performers of the session on the Tadawul All Share were Savola Group (SE:2050), which...
By Davide Barbuscia
DUBAI - Bond prices across Gulf Arab nations weakened on Tuesday as foreign investors hesitated to buy, concerned that the diplomatic crisis surrounding Qatar would increase risks around the region.
Qatar's sovereign international bonds came under pressure, with its longest-dated paper – a bond maturing in...
Prices of Arab and foreign currencies in Iraqi dinars on Tuesday:
US $ 1 = 1,166.9000 Iraqi Dinar
IQD 1 = US $ 0.0009
Sell a hundred dollars price = 128.900 Iraqi Dinars
The purchase price of a hundred dollars = 127.900 Iraqi Dinars
1 euro = Iraqi Dinar 1,284.8492
IQD 1 = 0.0008...
The US dollar has opened the week softer against the major currencies, except for the Japanese yen. The disappointing US inflation and retail sales data before the weekend have not been shrugged off, even though the US 10-year yield is a little higher and expectations for a Fed hike next month continue to be elevated.
There is more...
By Rania El Gamal and Alex Lawler
DUBAI/LONDON - OPEC and non-member oil producers are considering extending a global supply cut for nine months or more to avoid a price-sapping output increase in the first quarter of next year, when demand is expected to be weak, OPEC and industry sources said.
The Organization of the Petroleum...
Saudi Arabia stocks were lower after the close on Sunday, as losses in the Multi Investment, Building & Construction and Hotels & Tourism sectors led shares lower.
At the close in Saudi Arabia, the Tadawul All Share declined 0.97% to hit a new 1-month low.
The best performers of the session on the Tadawul All Share were...
DUBAI – Alawwal Bank <1040.SE>, Saudi Arabia’s oldest lender and partly owned by Royal Bank of Scotland <RBS.L>, said on Tuesday it has agreed to start initial merger talks with Saudi British Bank <1060.SE> (SABB), an affiliate of HSBC Holdings <HSBA.L>. Entering into the talks did not necessarily mean...
By Katie Paul and Andrew Torchia
RIYADH - A glitzy $10 billion financial district in Riyadh hopes to open its first phase for business this year but is struggling with red tape and uncertainty about its ownership, showing the challenges facing Saudi Arabia's economic reforms.
Construction of King Abdullah Financial District (KAFD)...