MbS made the remarks at an annual speech to the advisory Shura Council, which he gave on behalf of his father, King Salman
mena9 hours ago
New York’s main contract, light sweet crude for delivery in April eased 15 cents to $91.41 a barrel in the afternoon and Brent North Sea crude for April delivery dipped 25 cents to $110.90.
“People are waiting for new economic data... in the United States,” said Tony Nunan, risk manager at Mitsubishi Corp in Tokyo.
“Prices are likely to fall if the data is disappointing as the general market is weak,” he told AFP.
US non-farm payrolls figures are due to be released later Friday, and strong numbers would signal further economic momentum after data on Thursday showed unemployment claims falling last week to 340,000.
On Wednesday payrolls firm ADP said the private sector piled on 198,000 jobs last month, better than the average of the past six months.
“Fewer firings and more hirings are bringing people back into the search for a job when they had previously been too discouraged to bother,” DBS bank said in a market commentary.
US President Barack Obama ratcheted up his political charm offensive Thursday, welcoming Republican fiscal conservative Paul Ryan for lunch as he seeks a less painful way to cut spending after the $85 billion “sequester” kick in last Friday.
The cuts to defence and domestic spending will likely cost hundreds of thousands of jobs, which could hamper recovery in the world’s biggest economy.
MbS made the remarks at an annual speech to the advisory Shura Council, which he gave on behalf of his father, King Salman
mena9 hours ago
His visit to Cairo aimed to salvage stalled negotiations mediated by Egypt, Qatar and the United States to end the conflict
world9 hours ago
The group accused Israel, which has so far refused to comment, as US denies involvement
mena10 hours ago
Hundreds of pagers belonging to the armed group exploded in Lebanon on Tuesday, killed 12 people, including two children, and wounded up to 2,800 others
world10 hours ago
They view it as a pivotal move toward fostering inclusivity and diversity in corporate structures
uae10 hours ago
Israel has not yet commented on the explosions
europe10 hours ago
The meeting saw engaging discussions on Sinomach’s strategic initiatives and ongoing projects in the region
economy11 hours ago