Saudi artist Abdulnasser Gharem poses in front of "Generation Kill," a piece made with rubber stamps, digital print and paint, at the opening night of his exhibition titled Al Sahwa (The Awakening) at Ayyam gallery in Dubai in 2014. Abdulnasser Gharem doesn't have the background you might expect for a successful artist – let alone one ...
Could oil prices collapse to $20? "The short answer is ‘yes.’ We believe that crude oil prices could fall further unless global oil production is reduced. As shown in Table 2, we estimate that the global oil market could be oversupplied by roughly 920,000 bpd in 2016. The key assumptions are year-over-year growth in global demand of 1.2 million bpd, Saudi Arabia, Iraq and Libya hold production ...
Saudi Arabia officially opened its stock market to foreign investment on Monday, in what’s being billed as a potential game changer for emerging markets investors. The country’s Capital Markets Authority finalized the rules for direct foreign investment in early May, although plans had been in the works for quite some time. Summarizing, qualified foreign investors (QFIs) are defined as institutions with at least $5 billion in AUM and five years of experience, ...
Brent crude declined, stretching its two-month drop further, as OPEC’s oil output was predicted to soar to the highest level in a year. West Texas Intermediate dropped in New York. Futures reversed as much as 0.4% in London, having lost more than $9 in July and August. The Organization of Petroleum Exporting Countries bolstered production by 891,000 barrels per day to 31 million in ...
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