IMF vets Egypt economy | Video | Reuters.com:
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Friday, 20 February 2015
MIDEAST STOCKS-Gulf markets fall as oil tumbles again | Reuters
MIDEAST STOCKS-Gulf markets fall as oil tumbles again | Reuters:
"Gulf stock markets pulled back on Thursday after Brent oil fell sharply, undermining petrochemical stocks in particular and investor sentiment in general, and corporate news turned out to be mostly negative.
Brent oil fell 2.6 percent and traded below $59 per barrel by 1230 GMT after a big weekly build-up in U.S. crude inventories.
The main Saudi stock index fell 1.1 percent as Saudi Basic Industries, the kingdom's top petrochemicals producer, dropped 2.8 percent."
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"Gulf stock markets pulled back on Thursday after Brent oil fell sharply, undermining petrochemical stocks in particular and investor sentiment in general, and corporate news turned out to be mostly negative.
Brent oil fell 2.6 percent and traded below $59 per barrel by 1230 GMT after a big weekly build-up in U.S. crude inventories.
The main Saudi stock index fell 1.1 percent as Saudi Basic Industries, the kingdom's top petrochemicals producer, dropped 2.8 percent."
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Iran and west narrow gap in nuclear talks - FT.com
Iran and west narrow gap in nuclear talks - FT.com:
"World powers and Iran are making “significant” progress towards a deal to curb Tehran’s ability to build an atomic bomb — so much so that even hawks in the Israeli government consider some form of agreement increasingly possible in the coming weeks.
Negotiations have taken on a more urgent tone in recent days as a deadline edges closer. The five permanent members of the UN Security Council and Germany, known as P5+1, pledged to secure a broad consensus on key elements of a deal by March 31 after an original deadline passed in November and talks in Vienna collapsed.
US officials will meet their Iranian counterparts in Geneva on Friday. John Kerry, US secretary of state, and Mohammad Javad Zarif, Iran’s foreign minister, will meet on Sunday, while diplomats from the other five negotiating countries will join them next week."
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"World powers and Iran are making “significant” progress towards a deal to curb Tehran’s ability to build an atomic bomb — so much so that even hawks in the Israeli government consider some form of agreement increasingly possible in the coming weeks.
Negotiations have taken on a more urgent tone in recent days as a deadline edges closer. The five permanent members of the UN Security Council and Germany, known as P5+1, pledged to secure a broad consensus on key elements of a deal by March 31 after an original deadline passed in November and talks in Vienna collapsed.
US officials will meet their Iranian counterparts in Geneva on Friday. John Kerry, US secretary of state, and Mohammad Javad Zarif, Iran’s foreign minister, will meet on Sunday, while diplomats from the other five negotiating countries will join them next week."
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