Roudi Baroudi It has been a year since the Kingdom of Saudi Arabia and a few other regional countries launched an attempt to subjugate Qatar by strangling the latter’s economy with an…
Tag: total
ECB at 20 can’t shake existential angst amid enduring Italian crisis
The European Central Bank’s 20th anniversary arrives today as another financial scare – this time in Mario Draghi’s Italian homeland – shows that the euro area still hasn’t grown up. It’s a…
The Euro
Hey, euro! For a while there, you looked like a goner. During those debt crisis days in 2012 when Greece was imploding and Spain’s banks were teetering and the Germans were asking why…
Deutsche Bank Hits Record Low as It Defends Troubled U.S. Unit
U.S. Fed, FDIC said to place lender on troubled firm lists Deutsche Bank says it has ‘significant liquidity reserves’ Deutsche Bank AG fell to a record low Thursday after reports that U.S….
OPEC, non-OPEC sticking to oil pact but may raise output if needed: Gulf source
DUBAI (Reuters) – Saudi Arabia, other OPEC states and non-OPEC allies aim to stick to a global pact on cutting oil supplies until the end of 2018 but are ready to make…
Qatar has managed impact of siege: IMF
*Growth performance resilient; Banking sector remains healthy Considerable buffers and sound macroeconomic policies have helped Doha absorb shocks from lower hydrocarbon prices and the diplomatic rift with some countries in the region,…
Headache for ECB as populists take power in debt-laden Italy
FRANKFURT AM MAIN (AFP) – The arrival of an anti-austerity, populist government in Italy has revived concerns about the country’s massive debt pile, underscoring the pitfalls ahead for the European Central Bank as…
Russia to boost presence on global LNG market, helped by lower costs
* Russia plans to produce up to 120 mln T LNG per year by 2035 * To compete with Australia, U.S. on global LNG market By Oksana Kobzeva and Olesya Astakhova ST…
Big Utilities Back Proposed EU Deal with Gazprom
Some big utilities in eastern Europe are backing a proposed EU antitrust settlement with Russian state gas exporter Gazprom, increasing the chances of a deal that is opposed by countries striving to…
Lebanon Starts Offshore Energy Exploration, Defying Israel
Lebanon has started exploration of oil and gas at its offshore energy reserves in the Mediterranean waters disputed by the Israeli regime. Lebanon’s Energy and Water Minister Cesar Abi Khalil said in…