Monday 29 August 2016

Saudi Arabia shows its ability to move oil markets

Saudi Arabia demonstrated its ability to move oil markets last week with Brent crossing $50 following comments by Oil Minister Khalid Al-Falih that the kingdom was "ready to take action", said a leading analyst. Following the Brexit vote on June 23, oil dropped more tha


In Egypt, IMF deal brings austerity few can afford

A few years ago Imad would not have imagined himself queuing in the Cairo sun for a weekly ration of subsidised baby milk. But rising prices mean his civil servant's salary barely lasts the month and the government is tightening its belt further. "Electricity is up, food


New York beats London as top property hub after Brexit

New York has knocked off London as the world's premier city for foreign investment in commercial real estate due to fears the vote to leave the European Union would diminish the British capital's appeal as a global financial centre. Data on cross-border property transacti

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