Saudi Arabia
Saudi Arabian Stocks Lead Mideast Drop as Oil Slide Saps Trading
©2016 Bloomberg News O0QR4H6JTSE8 (Bloomberg) — Saudi Arabian stocks led a decline across most Middle Eastern markets amid reduced trading, as investors weighed the impact of plummeting oil prices. The Tadawul All Share Index, the region’s biggest gauge, dropped 2.2 percent, extending its retreat this month to 12 percent. About
Saudi Arabia Cuts Ties With Iran After Tehran Embassy Attack
©2016 Bloomberg News O0EKFH6TTDS0 (Bloomberg) — In a significant escalation of tensions, Saudi Arabia cut ties with Iran and expelled the Islamic Republic’s diplomats, a day after its embassy in Tehran was attacked to protest the Saudis’ execution of a prominent Shiite cleric. Iran’s ambassador in the kingdom has 48
There’s One Part of the World Where the Oil Industry Is Booming
©2015 Bloomberg News NNY4SJ6K50YC (For Energy column alerts: SALT NRGI ) (Bloomberg) — As the oil industry tightens its belt after the worst price slump in a generation, the state-owned giants of the Middle East are taking the opposite tack. Saudi Arabian Oil Co., Abu Dhabi National Oil Co. and
Bloomberg Business: Oil Erases Last Week’s Gain as Saudi Arabia Pumps Near Record
©2015 Bloomberg News NLN67U6JTSEN (Bloomberg) — Oil fell in London, erasing last week’s gain as Saudi Arabia said it’s pumping crude near a record pace, bolstering speculation that a global glut will persist. Futures dropped as much as 1.2 percent. Saudi Arabia is producing almost 10 million barrels a day, Oil
