Saudi Arabia
Saudi sovereign wealth fund deepens investment in women’s professional golf
PIF will become the title sponsor of revamped golf series. Severn Images Saudi Arabia is deepening its investment in women’s professional golf. The Public Investment Fund, the sovereign wealth fund of Saudi Arabia, announced on Wednesday that it will become the title partner of five events that will take place on the the Ladies European […]
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Trump administration to announce U.S. will call Persian Gulf the Arabian Gulf during Middle East visit: Report
Strait of Hormuz in the Persian Gulf. Stocktrek | Photodisc | Getty Images DUBAI, Unites Arab Emirates — President Donald Trump’s administration reportedly plans to announce that the U.S. will officially call the Persian Gulf the Arabian Gulf or Gulf of Arabia, a move that would be welcomed by Arab Gulf leaders and likely draw […]
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OPEC+ agrees another accelerated oil output hike for June, sources say
FILE PHOTO: People walk past an installation depicting barrel of oil with the logo of Organization of the Petroleum Exporting Countries (OPEC) during the COP29 United Nations climate change conference in Baku, Azerbaijan November 19, 2024. Maxim Shemetov | Reuters Eight OPEC+ countries meeting on Saturday have agreed to a further accelerated oil output hike […]
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U.S. energy secretary says shale industry will ‘survive and thrive’ despite plunging crude prices
U.S. Secretary of Energy Chris Wright and U.S. Secretary of the Interior Doug Burgum speak with members of the media outside of the West Wing of the White House, in Washington, D.C., U.S., March 19, 2025. Kent Nishimura | Reuters ABU DHABI, United Arab Emirates — U.S. Energy Secretary Chris Wright said he is not […]
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Tesla launches in Saudi Arabia amid Chinese competition and tumbling sales
Tesla Cybertruck Courtesy: Tesla Tesla, Inc. is debuting sales in Saudi Arabia, the oil-rich kingdom whose long desert highways are home to gas-guzzling SUVs — and where there are no chargers to be found for hundreds of miles. The American electric vehicle maker is hoping that success in neighboring countries like the United Arab Emirates […]
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The oil-rich Gulf states are better-positioned to weather the tariff storm — but crashing crude prices could spell trouble
U.S. President Donald Trump with Mohammed bin Salman, crown prince of Saudi Arabia, at the start of the Group of 20 summit on 28 June 2019. Bernd von Jutrczenka | picture alliance | Getty Images DUBAI, United Arab Emirates — The wealthy Arab Gulf states are in a better position than many other regions of […]
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How to position amid widespread market volatility, according to BlackRock’s Ben Powell
BlackRock’s Ben Powell says he remains upbeat about a specific set of investment opportunities despite the global stock market sell-off continuing on Monday. Trillions of dollars have vanished from global markets as investors flee assets set to be hit hard by President Donald Trump’s sweeping tariff regime. While economists warn that the brewing trade war […]
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Actively managed ETFs hit $1 trillion milestone: Why tariff uncertainty may spark more growth
ETF Edge Actively managed ETFs hit $1 trillion milestone: Why tariff uncertainty may spark more growth Published Fri, Apr 4 20257:00 AM EDT Krysta Escobar WATCH LIVE Source
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Why OPEC+ is accelerating oil production as prices are tanking and tariffs hammer markets
The Phillips 66 Company’s Los Angeles Refinery in California. Bing Guan | Reuters The oil price outlook is being hit with more bearish forecasts on the back of U.S. President Donald Trump’s sweeping and market-hammering tariff announcements. Businesses and investors worry that a trade war and lower global growth lies ahead. Goldman Sachs on Thursday […]
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Kremlin tight-lipped on ceasefire deal discussions with the U.S. — as Ukraine holds more talks
Russian President Vladimir Putin speaks with Kremlin spokesman Dmitry Peskov during a summit of leaders of nations, which are members of the Commonwealth of Independent States (CIS), in Moscow, Russia October 8, 2024. Sergei Ilnitsky | Via Reuters The Kremlin on Tuesday said that it would not disclose the content of ceasefire deal talks with […]
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