Google+ Followers

Wednesday, 4 May 2016

Iran tries to end its isolation but so much stands in the way - FT.com

Iran tries to end its isolation but so much stands in the way - FT.com:

"The run-off in Iran’s parliamentary elections seems to have given Hassan Rouhani, the centrist president, a workable parliamentary majority if his followers combine with reformists and independent conservatives against Islamist hardliners. The outcome also appears to endorse last year’s deal between Iran and world powers, which traded economic sanctions relief for restraints on Tehran’s nuclear programme.
The president should now be better placed to enact some of the economic reforms to attract the investment Iran desperately needs. Ultimate power, however, still rests with Ayatollah Ali Khamenei, the supreme leader, and theocratic institutions that answer to him, including the Islamic Revolutionary Guard Corps and the judiciary."



'via Blog this'

Saudi opens door to short sellers to lure investors - FT.com

Saudi opens door to short sellers to lure investors - FT.com:

"Saudi Arabia has announced a series of market reforms aiming to make its $400bn bourse more attractive to foreign investors ahead of a much-anticipated listing of state oil company Saudi Aramco.
The Capital Market Authority, the market regulator, plans by the first half of next year to implement the new regulations, including allowing securities lending and covered short selling, a first for the markets of the Gulf states. Limits on qualified foreign investors in companies listed on the bourse, known as Tadawul, will also be lifted."



'via Blog this'

Abu Dhabi Indefinitely Delays LNG-Import Plant - Bloomberg

Abu Dhabi Indefinitely Delays LNG-Import Plant - Bloomberg:

"Abu Dhabi is putting the construction of an onshore liquid natural gas import plant on ice… permanently. Bloomberg's Anthony DiPaola reports on "Bloomberg Markets Middle East." (Source: Bloomberg)"



'via Blog this'

MIDEAST STOCKS-Gulf markets retreat in early trade | Daily Mail Online

MIDEAST STOCKS-Gulf markets retreat in early trade | Daily Mail Online:

"Stock markets in the Gulf followed international bourses lower early on Wednesday after oil prices slipped again overnight and concern about lacklustre global growth weighed on investors.

Riyadh's index shed 0.2 percent in the first 45 minutes of trade in modest volume. Shares in the retail and petrochemical sectors were the main laggards.

Jarir Marketing and Fawaz Alhokair, two of the largest retailers in the kingdom, dropped 1.3 and 0.8 percent respectively. But low-cost supermarket chain Alothaim , which could attract more customers during an economic slowdown, rose 1.8 percent."



'via Blog this'

The ever weaker dollar | Authers' Note - YouTube

The ever weaker dollar | Authers' Note - YouTube: ""



'via Blog this'