In Pictures
Salaries, disposable income, luxuries, and savings; HSBC used these four factors to determine a league table of the best expat destinations from a financial point of view. Here’s the top ten.
Arabic News View
Kipp takes a look at some editorials from the Arabic press. This week: Iraq’s oil targets; US peace talks; Gaddafi and his girls; Jordan’s economy; Israel and Palestine prisoners.
Videos
Last Week's Winner
Alia Akkad
Alia Akkad
Loading ...
The great fares rip-off?
read more
Saudi stock market falls on Dubai debt crisis
The Saudi stock market fell 2.3 percent when it opened on Saturday, it’s first trading in two weeks, because of the effect of Dubai’s debt problems, reports AFP. The market later recovered, with Saudi officials emphasizing that the kingdom has limited exposure to Dubai’s debt issues.
“There is no danger to the banking system in the kingdom,” Mohammad al-Jasser, the governor of the Saudi Arabian Monetary Agency told Al-Arabiya TV on Friday. “There is no danger that should force (investors) to run away from the market,” he said.
“If we look at the total balance of all Saudi banks … exposure to Dubai World is less than 2 in a thousand,” he added.
Iraq raises crude prices for U.S. Europe, Asia-source
The October price for Basra light crude for Asian buyers was set at a discount of $1.35.
The October price for Basra light crude for Asian buyers was set at a discount of $1.35.
Tags: Dubai debt, fell, Saudi stock market.
Twitter
Facebook
You can be the first one to leave a comment.