CurrenciesWhy do most countries buy oil in U.S. dollars?June 25, 202416Oil prices have been rising this month, and on average rising all this year. Part of that is the expectation that...
CurrenciesWhat was the US-Saudi petrodollar deal that lapsed after 50 years? – FirstpostJune 13, 202415The deal signed on 8 June, 1974, allowed US dollars to be exchanged for crude oil exports. ReutersThe US-Saudi Arabia...
MoneyGulf money’s targeting of European telecoms raises hackles – POLITICOJune 11, 202414Nadia Calviño, then-Spanish finance minister, told POLITICO last year that Telefónica "is a key player, not only in the area...
MoneyRaising taxes on banks and the oil firms risks driving more capital overseas, warns ALEX BRUMMERJune 10, 202422What we have learned from a sterile election debate so far is that Britain appears to be a fiscal basket...
EconomySaudi delegation visits London to boost digital economy ties with UKMay 12, 202437RIYADH: Saudi Arabia’s Tadawul All Share Index slipped on Sunday, losing 67.36 points, or 0.55 percent, to close at 12,217.05. ...
InvestingCOP29 won’t stop us investing in ‘god-given’ gas – POLITICOApril 26, 202431“As a head of the country, which is rich with fossil fuels, of course, we will defend the right of...
InvestingLabour’s war on oil and gas ‘would turn businesses against investing in the UK’, trade body warnsMarch 26, 202460By Harriet Line Deputy Political Editor 00:17 26 Mar 2024, updated 00:28 26 Mar 2024 Labour's plans for the oil...
BankingEU states tell bloc’s bank to lend more for defenseMarch 22, 202476BRUSSELS, Belgium: EU leaders on Thursday agreed to “take work forward” on a plan to use the profits from frozen...
Banking‘Thousands in UK close Barclays accounts’ over bank’s ties to Israeli military suppliersMarch 20, 202468DUBLIN: Leo Varadkar on Wednesday announced that he was stepping down as Ireland’s prime minister and leader of the Fine...
MoneyUS Internet subsidy program set to run out of money in MayMarch 4, 202429WASHINGTON: The US Supreme Court on Monday removed a potential hurdle to Donald Trump’s bid to recapture the White House, unanimously...