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
Benchmark oil for January delivery was up 30 cents to $86.56 per barrel at late afternoon Bangkok time in electronic trading on the New York Mercantile Exchange. The contract fell $1.62, or 1.8 percent, to finish at $86.26 per barrel in New York.
Prices moved higher ahead of the anticipated release of inflation, retail sales and factory output data from China on Sunday.
Analysts at Gao Hua Securities Co. in Beijing said they expect industrial production growth for November to rise to 10 percent from a year earlier, up from 9.6 percent in October.
Signs of a production uptick in the world’s No. 2 economy usually help support energy prices, since China consumes huge amounts of energy.
On Thursday, the price of oil fell after the European Central Bank predicted a bleak year ahead for the region’s economy but stopped short of offering new measures to boost growth
The ECB left its key interest rate unchanged at a record low, and the bank cut its 2013 economic forecast for the region to negative from positive.
The 17 countries that use the euro currency are in a recession after a massive debt crisis followed by government spending cuts and tax hikes that have hurt growth.
Brent crude, which is used to price international varieties of oil, rose 42 cents to $107.45 per barrel in London.
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
mena9 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
economy10 hours ago