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Middle East

Government vows aid for tech firms but Israel stocks slide on SVB collapse

BY Reuters  • March 12, 2023March 12, 2023
By Steven Scheer JERUSALEM (Reuters) – Israeli shares slid more than 4% on the Tel Aviv Stock Exchange (TASE) on Sunday led by financial firms following the failure of SVB Financial Group late l[...]
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Business Economy Middle East US

Aramco’s Nasser says oil market tightly balanced

BY Reuters  • March 12, 2023March 12, 2023
By Maha El Dahan and Hadeel Al Sayegh DUBAI (Reuters) – Aramco Chief Executive Amin Nasser said on Sunday that the oil market would remain tightly balanced in the short to medium term, adding th[...]
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Asia Business Europe Middle East Updated US

Saudi Aramco reports record profit of $161.1 billion in 2022

BY Reuters  • March 12, 2023March 12, 2023
By Hadeel Al Sayegh and Maha El Dahan DUBAI (Reuters) -Saudi Arabian oil giant Aramco on Sunday reported a record annual net profit of $161.1 billion for 2022, up 46% from the previous year on higher[...]
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Business Economy Middle East Top News Updated

Oil prices rise after buoyant U.S. payrolls

BY Reuters  • March 10, 2023March 10, 2023
By Arathy Somasekhar HOUSTON (Reuters) -Oil prices climbed more than 1% on Friday after better-than-expected U.S. employment data, though both benchmarks fell more than 3% on the week on U.S. interest[...]
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Business Economy Europe Middle East UK Updated US

Frontier countries to suffer most if Fed rate gets to 6% -analysts

BY Reuters  • March 9, 2023March 9, 2023
By Rodrigo Campos NEW YORK (Reuters) – Emerging markets are facing their demons as traders mull whether U.S. Federal Reserve interest rates will rise as high as 6%, a level that could kick weake[...]
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Africa Asia Business Economy Europe Middle East US

Airbus narrows delivery gap, reinstates Qatar jet orders

BY Reuters  • March 7, 2023March 7, 2023
By Tim Hepher and Federica Mileo PARIS (Reuters) – European planemaker Airbus narrowed a jetliner delivery gap compared with last year after a sharp increase in February and turned the page on a[...]
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Business Economy Europe Middle East UK

Oil edges lower on stronger dollar and weak Chinese data

BY Reuters  • March 7, 2023March 7, 2023
By Rowena Edwards LONDON (Reuters) – Oil prices edged lower on Tuesday as a stronger U.S. dollar and weak oil data from top crude importer China shifted momentum after five days of gains. Brent[...]
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Business Economy Europe Middle East UK US

CERAWEEK-OPEC, US energy chiefs to huddle again in Houston as rapport deepens

BY Reuters  • March 6, 2023March 7, 2023
By Liz Hampton and Ron Bousso (Reuters) -U.S. energy executives are set to meet privately with top OPEC officials on Monday for at least the fifth year at a Houston conference, people familiar with th[...]
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Business Economy Middle East Updated US

Exclusive-Russian crude oil heads to UAE as sanctions divert flows

BY Reuters  • March 6, 2023March 6, 2023
By Alex Lawler LONDON (Reuters) – The United Arab Emirates has been taking more cargoes of Russian crude oil, according to ship tracking data and trading sources, in another example of how Weste[...]
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