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Economy

Future forecasts vary as oil continues slide

With even fewer signs that market oversupply is coming to an end, the price of oil continued to fall on Wednesday. To add to the furious pumping of

Markets

Oil price slump resumes as traders see slowdown compound glut

At the moment it seems to make more economic sense to store petrol rather than sell it, hoping for a price rise. But that looks unlikely as it is on

Business Series

Global markets' quest for stability after Black Monday

After global markets recorded sharp losses on the recent Black Monday a wave of cautious recovery saw them regain some of the largest losses since

Economy

Rosneft shares fall on lower profits

Top Russian oli producer Rosneft says profits fell by 22% in Q2 thanks to continued weakness in oil prices, which have almost halved in the reporting

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Business Series

Global markets hit turbulence amid mounting fears of China slowdown

In this edition of Business Middle East, we analyse the turbulence engulfing global markets. Signs of an economic slowdown in China are stacking up

Economy

Oil prices keep on falling

Crude oil prices fell below 45 dollars (38.8 euros) a barrel on Monday, their lowest level in over six years. Analysts say the price reflects a

Markets

European shares tumble as China panics investors

European stocks have fallen sharply off the back of plunging equities overnight in China continuing to trouble investors. All major markets were

Russia

Kazakhstan's currency plunges after central bank abandons USD peg

The Kazakh currency, the tenge, has lost a quarter of its value against the US dollar after abandoning a peg to the Greenback. The country’s national

Business Series

Currencies riding a bumpy road

This week’s Business Middle East takes a look at global currency trading trends, and in business snapshot we look at the reactions to the new fuel

Brazil

Ex-Brazil minister arrested in Petrobras probe

Federal police in Brazil have arrested a former government minister on charges of corruption in a probe involving the state-run oil company

United Arab Emirates

UAE petrol prices start riding high

Brazil

Brazil: Charged Petrobras executives transferred to prison

Brazilian executives charged in the huge Petrobras corruption scandal have been transferred from police detention to a prison complex at the centre

Business Series

MENA markets and businesses eye opportunities from Iran nuclear deal

A new dawn or an historic mistake, whatever your viewpoint on the deal between Iran and the major powers, it has brought to an end to an era of

Business Series

Fed inaction on interest rates impacts on MENA markets

As many analysts anticipated the Federal Reserve left interest rates unchanged in June. The biggest surprise was that Fed Chair Janet Yellen didn’t

Belgium

Russia threatens retaliation as state assets seized over Yukos affair

French and Belgian courts have seized Russian government assets in three countries in an effort to repay shareholders of Yukos, the now defunct Russian oil company.

Business Series

Draghi says volatility is here to stay

Daleen Hassan – euronews: Welcome to business Middle East. In this episode we look at the impact of the European Central Bank’s recent meeting, and

Business Series

Crude crunch: OPEC expected to resist pressure to increase output

All eyes are on Vienna for this week’s OPEC meeting amid a rift between members of the cartel and other major oil producing countries. The issue is

Business Series

China and Middle East strengthen ties despite growth dip

Recent data has shown that growth in China has slowed to its lowest rate in the almost 25 years. Despite the slowdown, China is still a steadily

World News

Arctic oil prospecting imminent as Shell given go-ahead

Arctic riches beckon. Anglo-Dutch oil company Shell has received renewed permission from the US government to prospect in Alaska’s Chukchi Sea

Business Series

The recovery of oil prices

The significant rise in oil prices at the start of May meant they reached their highest levels so far in 2015. To what extent are they recovering?