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Showing 31 - 40 of 98 results for "Saudi Arabia"

Chief economist update: Crude oil slips

BENJAMIN ONG  |  TUESDAY, 17 JUL 2018
If one were to time the genesis of the recent surge in oil prices, it would have to be Saudi Crown Prince Mohammed bin Salman's interview with Time magazine around mid-April this year when he hinted at wanting the price of crude to reach around ...

Chief economist update: Should have sold in May and gone away

BENJAMIN ONG  |  TUESDAY, 29 MAY 2018
... summit, the rise in oil prices (because Trump pulled out of the Iran nuclear deal), the fall in oil prices (because Saudi Arabia and Russia plan to increase output), and lately, a developing crisis in Italy (which has led to speculations of an Italian ...

Chief economist update: When good oil goes bad

BENJAMIN ONG  |  THURSDAY, 10 MAY 2018
... from January 2016's low of US$26.01/barrel. With the limits on production by OPEC and non-OPEC countries - led by Saudi Arabia - still in place and the US Energy Information Administration (EIA) recently reporting that crude inventories by a greater ...

Norway dominates sovereign wealth funds

KARREN VERGARA  |  THURSDAY, 26 APR 2018
... cover budget shortfalls. The remaining capital was redistributed to the country's National Wealth Fund. Assets of Saudi Arabia's Public Investment Fund (PIF) and Turkey Wealth Fund continued to gain momentum, growing US$183 billion and US$40 billion ...

Chief economist update: Let's talk about oil baby

BENJAMIN ONG  |  WEDNESDAY, 11 APR 2018
... [for the issuance of Aramco's IPO]". But I digress. There's another war happening in another kingdom. The Kingdom of Saudi Arabia's ongoing battle to keep the price of oil heading north or to around US$80 per barrel received some press after in an interview ...

Oil's gift to central bankers

BENJAMIN ONG  |  TUESDAY, 7 NOV 2017
Only one word comes to mind when the Kingdom of Saudi Arabia is mentioned, and that is oil - for it has plenty of it. According to Investopedia, "The Kingdom of Saudi Arabia is often cited as the world's largest oil producer. The country produces 13.24% ...

Economic Wrap

ALEX DUNNIN  |  FRIDAY, 22 JUL 2016
... again the world's biggest oil producer with a daily output of 11.8 million barrels per day. The US oil boom pushes Saudi Arabia back into second place with 11.7 million barrels per day. Russia is third on 10.5 million barrels per day. The increase in ...

Saudi sovereign wealth fund flags US$3.5bn Uber investment

MARK SMITH  |  THURSDAY, 2 JUN 2016
Saudi Arabia's sovereign wealth fund, the Public Investment Fund, has invested US$3.5 billion ($4.8 billion) in ride sharing app Uber. The company will use some of the money, likely in the region of US$250 million, to help it expand in the Middle East. ...

Demographic darlings and disasters revealed

MARK SMITH  |  FRIDAY, 15 JAN 2016
... ability to attract investment. RBC describes countries such as the United Arab Emirates, Qatar, Malaysia, Bahrain and Saudi Arabia - which score well on both fronts - as "demographic darlings" while those that score poorly are "demographic disasters". ...

Aussie, Aussie, Aussie! Noi, noi, noi!

BENJAMIN ONG  |  TUESDAY, 22 SEP 2015
... from slowing Chinese investment growth, according to International Monetary Fund research. Only Iran, Kazakhstan, Saudi Arabia, Zambia and Chile would suffer bigger effects on their economies." (Australian Financial Review) The AFR adds, "An indicative ...