Citibank expects that Russia will have a very turbulent next five years, given their estimate that Brent crude prices will likely settle close to $85 over that time period.
The links between Islamic finance and socially responsible investments (SRI) are not new, but the former needs a similar transformation which brought SRI into the mainstream.
While growing domestic tight oil production from the Bakken formation in North Dakota and elsewhere has helped displace imports from some countries, U.S. import volumes from the Canadian oil sands and Saudi Arabia have been on the rise.
Across the United States, around the end of the month of May every year, graduating students from high schools and universities join with families and friends to celebrate their achievements in ceremonies held by their respective educational institutions.
Saudi Arabian Airlines has today been formally renamed Saudia and has become a full member of the SkyTeam alliance while at the same time confirming the first stage of the long-awaited privatisation will go ahead in the next month.
Massive construction projects in the GCC, particularly around social and transport infrastructure, will offer tremendous opportunities valued at up to $500 billion for contractors.
Top oil exporter Saudi Arabia would still be able to balance its budget even if oil prices fall to less than $80 per barrel, Al Arabiya television reported Tuesday, citing the kingdom’s finance minister, Ibrahim Al-Assaf.
