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Saudi Arabia, OPEC’s most influential producer, is revamping its strategy as it abandons its role of swing producer in global markets and rethinking its spare capacity, says Barclays Capital. “The kingdom [Saudi Arabia] is increasing the level of refined products it exports to the market, relative to crude oil,” said Miswin Mahesh, analyst at Barclays Capital.
Hundreds of panicked residents fled one of the tallest towers in Dubai early Saturday as a huge fire engulfed the skyscraper, causing extensive damage to its luxury flats.
At $2 billion, the Arabian Centres IPO would surpass the $1.6 billion raised last September by Dubai’s Emaar Malls, which operates the world’s largest shopping center by area.
The group’s confounding brutality (see The Atlantic’s March cover story for more about that) has also made a profound impression on the American public,gradually turning a seemingly war-weary country in favor not only of airstrikes against the group, but also, according to a new CBS News poll, the deployment of ground troops. “For the first time, a majority of Americans (57 percent) favor the U.S. sending ground troops into Iraq and Syria to fight ISIS,” CBS reported.
While oil prices have won support in recent weeks on a decline in operating US oil rigs and as energy giants cut investment, markets-watchers say volatility is likely to continue for some time.
“Unhealthy lifestyles start at a young age in the Gulf and people reap the consequences early in life,” says Soofi. Of those studied, the researcher found out that 25% had diabetes, 34% hypertension, 25% were smokers, 27% were obese, 86% were not involved in any physical activity and 19% had dyslipidemia, an abnormal level of lipids in the blood.
Ninety percent of Saudi small and medium enterprises (SMEs) are prone to fail in their first year due to the absence of durable planning and reluctance of their owners to make feasibility studies, local media said quoting an economic expert.
The rig fleet alone is not the best predictor of output because well lengths and the frequency of fracks along a well have been rising rapidly to boost output. However, in the past few weeks companies have also started to refrain from fracking wells to bring them online, so-called completion, which normally accounts for 60 percent of a well's total cost.
High-level nuclear negotiations between the United States and Iran resumed in Geneva on Monday as both sides work through technical and political differences to come up with an initial deal by a March 31 deadline.
But analysts warned of dire consequences of sending soldiers into a country awash with weapons. "It would be very hard to know who to fight and who to support," said Gabriele Iacovino, a analyst coordinator at the International Study Center in Rome. "And peacekeepers would be the perfect target for ISIS." The US, Britain, France, Germany, Italy and Spain appeared to agree, issuing a joint statement on Feb 17 that a UN effort to get militias to form a unity government was the "best hope" for peace.
