February West Texas Intermediate (WTI) crude oil futures rose $1.63, or 3.42%, to $49.24 per barrel at 13:44 GMT on Tuesday. US crude prices had a challenging start to 2021, slipping about 1%. Brent, the international benchmark for oil prices, is also rising in early trading. March Brent crude futures raised $1.66, or …
CRUDE OIL PRICES RISES AS OPEC+ WEIGHS OUTPUT REDUCTION Read More »
Google continues to expand its services and products around the world. The tech giant will open a “cloud region” to provide its cloud services in Saudi Arabia via a joint venture with state-owned oil producer Saudi Aramco. According to the agreement, Google will deliver high performance, low-latency cloud services to enterprise customers in Saudi Arabia. …
CFI plans to add thousands of additional products over the coming months. CFI Financial Group is a multi-regulated CFDs and FOREX brokerage firm. Its products are available to over 1500 instruments after expanding its service offering and trading products to include new CFDs on Stocks and EFTs. CFI Financial Group said it was planning to …
CFI Financial Group Adds New CFDs on Stocks and EFT Read More »
The survey conducted by the financial advisory organization deVere Group revealed interesting details. Importantly, more than 700 high-net-worth individuals took part in this survey. According to the survey, almost three-quarters of millionaire respondents either already own or are planning to invest in cryptocurrencies before the end of 2022. It is worth noting that each of …
Millionaires are Willing to Embrace Cryptocurrencies Read More »
China is the global oil market’s lifeline this year. The country has stepped up purchases from exporters including Russia, the United States, and Angola in recent weeks. Furthermore, buyers from other countries pared down orders as COVID-19 infections surge and new lockdowns are put in place. As the pandemic hit consumption globally, China is the …
Forex trading involves buying and selling currencies. A trader buys a currency and sells that later to get the profit from the price difference. Typically, currencies are traded in pairs, in which one currency is quoted against others. In currency pairs, you will get to see two currencies. The first currency is known as the …
The Ultimate Guide to the Most Traded Forex Pairs Read More »
Countries across the world have to deal with numerous challenges created by the coronavirus pandemic. Moreover, in the case of developing countries, it is even harder to solve all problems. Interestingly, the International Monetary Fund (IMF) downgraded its outlook for the Middle East and Central Asian economic recovery, projecting a 4.1% contraction for the region …
It is no secret that the state of the global economy is far from being perfect. According to the top business leaders, the global economy is facing its worst crisis in a hundred years. It is worth mentioning that, without urgent reforms, it would more difficult to improve the situation. Yousef Al-Benyan serves as a …
Business Leaders and the State of the Global Economy Read More »
The global oil and gas market demand for large-diameter offshore pipeline, is set for an annual drop of 26% this year. A Rystad energy analysis shows it has a size of total installations forecasted to reach 2,150 kilometers. However, this downturn’s impact on trunkline demand is lighter than that of 2016. Led by projects in …
Global Offshore Oil and Gas Pipeline Demand Set to Drop Read More »
Saudi Arabia’s King Salman expressed eagerness to achieve a fair and permanent solution to the Palestinian issue. On a phone call on Sunday, King Salman told U.S. President Donald Trump about the issue. He said it was the main starting point of the kingdom’s proposed Arab Peace Initiative. This phone conversation followed a historic U.S. …
Saudi King Eager to Reach Fair Solution to Palestinian Issue Read More »
The price of Rhodium has increased by 31% this month, matching its record since 2008. The precious metal is applied in autocatalysts and it is five times more expensive than gold. In the past four years, rhodium outperformed all major commodities since the demand from the automotive sector has increased. The metal is mined as …
Companies around the globe are willing to invest in crypto mining. However, due to U.S. sanctions, it won’t be easy to find companies that are ready to invest in Iran. Moreover, sanctions created a lot of problems for the local economy. Despite all the challenges, the industry is evolving, as can be seen from the …
The state of the local economy was dar from being ideal even before the coronavirus pandemic. As a reminder, U.S. sanctions caused serious damage to the local economy. Iran is struggling to cope with problems. It will thus be tough to get the economy back on track after taking into consideration all the factors. The …
Iran, Industrial-Scale Power Plants and Bitcoin Mining Read More »
Oil prices fluctuated in trading on Tuesday after the White House trade adviser unexpectedly commented on China’s agreement. The US-China trade agreement has ended, is what he said. Although these statements were withdrawn later, the markets were terrified. Brent crude dropped seven cents, or 0.1 percent, to $43.1 a barrel. WTI crude lost 14 cents, …
Pepperstone has secured a license from the Dubai Financial Services Authority (DFSA). This was a few months after incorporating its new subsidiary, Pepperstone Financial Services Limited, in the Dubai International Financial Center. Tamas Szabo, Group CEO of Pepperstone, is thankful for their presence in Dubai. Pepperstone can establish even closer ties with their clients in …
Pepperstone Secures DFSA License | Wibest Broker Read More »
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