Economy

OIL PRICE

In Win for Saudis, OPEC Agrees On ‘Modest’ Increase in Oil Production

aramco-oil-gas-energy
The Organization of the Petroleum Exporting Countries (OPEC) agreed on Friday on a modest increase in oil production from July, Reuters reports, after its de-facto leader Saudi Arabia "persuaded arch-rival Iran to cooperate."

MSCI

Saudi Arabia Selected for MSCI Inclusion; Analysts Expect Significant Capital Inflows

Crown Prince Mohammed bin Salman blasted Iran for its aggression.
Following years of effort by Saudi officials to increase transparency in its stock market, the Kingdom won inclusion into MSCI, Inc.'s highly sought-after emerging market index, expanding the asset class by as much as $600 billion for the Kingdom.

latest headlines