In a significant development, U.S. oil giant Chevron Corp is staking its natural gas future on the Middle East, a typically volatile region where energy majors have long tread warily. Chevron’s CEO Michael Wirth’s Middle Eastern pivot underpins a bet that… Read More ›
On Tuesday, following a U.S. brokered agreement, the first ever official delegation from the United Arab Emirates left for Israel with the two countries looking to broaden ties and normalise relations. According to Israeli officials, the visit will be largely… Read More ›
In a filing, Raytheon has disclosed, it has received a subpoena from the U.S. Securities and Exchange Commission (SEC) related to an investigation into the possibility of improper payments made for contracts in certain Middle East countries since 2014. The… Read More ›
On Thursday, Joe Kaeser, Siemens’ Chief Executive disclosed, he perceived a more positive mood among his client. “They are getting more optimistic for the second half of the year than they have for the first half and actually 2019,” said… Read More ›
Although the United States and Iran have apparently both backed away from a military face-off, oil and gas shipowners are bracing themselves against a war of words which could see lead to asymmetric warfare in the Middle East, which in… Read More ›
An Iranian rocket attack on two U.S. forces bases in Iraq has sent financial markets into turmoil with investors scurrying for safety. “The weight of money is counting on a replay of the price-action on Monday. Essentially people are betting… Read More ›
According to a staff memo that was confirmed by the UBS Group, the Swiss bank is in the process of reorganizing its flagship wealth management business in the Europe, Middle East and Africa region. Christl Novakovic will continue to lead… Read More ›
On Friday. following a U.S. air strike on Baghdad airport which killed a senior Iranian military official, the Japanese yen led other safe-haven assets higher even as the price of crude oil jumped by $3. Gold prices as well as… Read More ›
On Friday, oil prices jumped by more than $1 following a U.S. air strike at the Baghdad International Airport which resulted in the death of a key Iranian and Iraqi military personnel. Brent crude futures LCOc1 was up by 1.86%… Read More ›
On Monday, the head of Russia’s state conglomerate Rostec said, Russian military export sales have not been affected by U.S. sanctions. Following Russia’s annexation of Crimea from Ukraine along with other factors, the United States had imposed sanctions on Russia…. Read More ›
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