Wealth Growth Daily

Middle East

Oil rallies as grain markets tighten, dollar falls on Fed Chair comments

BY Reuters  • June 21, 2023June 21, 2023
By Shariq Khan BENGALURU (Reuters) -Oil prices gained a dollar a barrel on Wednesday as U.S. corn and soybean prices raced to multi-month highs, raising expectations that crop shortfalls around the gl[...]
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JPMorgan commercial bank enters Singapore, Israel in global push

BY Reuters  • June 21, 2023June 21, 2023
By Nupur Anand and Lananh Nguyen NEW YORK (Reuters) – JPMorgan Chase & Co’s commercial bank is entering Singapore and Israel this year as its unit catering to midsize and small compani[...]
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Asia Business Economy Middle East US

Oil prices ease on weaker Chinese demand picture

BY Reuters  • June 20, 2023June 20, 2023
By Scott DiSavino NEW YORK (Reuters) -Oil futures eased in choppy trading on Tuesday on forecasts for slower oil demand growth in China, the world’s second-biggest oil consumer, and disappointme[...]
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Ghosn to fight ‘to the end’ as sues Nissan in Lebanon

BY Reuters  • June 20, 2023June 20, 2023
By Tom Perry, Maya Gebeily and Laila Bassam BEIRUT (Reuters) -Carlos Ghosn said on Tuesday he will fight “to the end” in a $1 billion lawsuit the former Nissan chairman has brought against[...]
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Asia Business Economy Middle East Politics Updated

Oil falls on uncertainty about Chinese economic growth

BY Reuters  • June 19, 2023June 19, 2023
By Nia Williams (Reuters) -Oil prices fell on Monday as questions over China’s economy outweighed OPEC+ output cuts and the seventh straight drop in the number of oil and gas rigs operating in t[...]
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Saudi SCOPA and Airbus agree to produce helicopters in the kingdom -SCOPA CEO

BY Reuters  • June 19, 2023June 19, 2023
DUBAI (Reuters) -Saudi defence company SCOPA Industries and Airbus have signed an agreement to jointly produce civil and military helicopters in the kingdom, SCOPA CEO Fawaz Alakeel told Saudi state T[...]
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Asia Business Economy Europe Middle East Politics Updated

Dubai chases long-term growth as property booms, seeks to blunt debt risk

BY Reuters  • June 19, 2023June 19, 2023
By Rachna Uppal and Yousef Saba DUBAI (Reuters) – Buoyed by a swift economic rebound post-COVID, Dubai is racing to attract people and capital to drive long-term growth, betting it can avoid pas[...]
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Oil gains for the week as supply cuts balance demand concerns

BY Reuters  • June 16, 2023June 16, 2023
By Stephanie Kelly NEW YORK (Reuters) -Oil rose on Friday and posted a weekly gain, as higher Chinese demand and OPEC+ supply cuts lifted prices, despite expected weakness in the global economy and th[...]
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Exclusive-Manchester United discusses granting exclusivity to Qatari Sheikh in $6 billion-plus sale -sources

BY Reuters  • June 16, 2023June 16, 2023
By Anirban Sen (Reuters) – English football club Manchester United is negotiating granting exclusivity to the consortium led by Qatar’s Sheikh Jassim bin Hamad al-Thani in talks to sell it[...]
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