Economist at Asiya
Investments Company
JEDDAH — The Russian energy minister announced on Tuesday that over 15 countries had already announced their intention to join the agreement. According to the Russian energy minister, that would be equivalent (...)
JEDDAH — The price of Brent crude fell to the lowest monthly average in a decade in January at $30.8 per barrel. Brent price averaged $52 last year and $99 in 2014. Oil supply outpaced demand in the last two years, but the market is expecting a (...)
JEDDAH — Chinese President Xi Jinping recently completed his visit to the Middle East at a crucial time. Tensions rose between Saudi Arabia and Iran in January, leading to strained diplomatic ties between the region's heavyweights, and sanctions on (...)
JEDDAH — Earlier this month, the IMF cut its global growth outlook for 2015 for the second time this year. The world annual growth forecast for 2015 was reduced by 20 basis points (bps) in each of the June and October updates, from 3.5% in April to (...)
