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Tag Archives: Saudi Arabia

Mideast M&A deals decline sharply in Q1 2018

Merger & acquisition deals across the Middle East and North Africa (Mena) region declined sharply year-on-year, falling 21.8 per cent in the first quarter of 2018, according to EY’s first-quarter 2018 M&A report. Mena M&A activity saw 93 announced deals in the first quarter of 2018, compared to 119 deals …

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Saudis down 2 ballistic missiles fired by Al Houthis

The Royal Saudi Air Defense detected two ballistic missiles launched from Sa’dah, Yemen, on Saturday night against Saudi Arabia, according to the official spokesman for the Coalition to Restore Legitimacy in Yemen. Saudi military said two missiles were launched deliberately by the Iranian-backed Al Houthi militia to target densely populated …

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UAE imposes economic sanctions on senior leadership of Hezbollah

UAE has imposed economic sanctions against 10 leaders of Lebanon’s Hezbollah which are on its terrorism list including Hassan Nasrallah and his deputy Naim Qassem. The move comes in line with significant actions taken by the seven members of the Terrorist Financing and Targeting Center (TFTC) to disrupt Iran’s destabilising influence in the …

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Shale boom to keep oil markets under pressure

Oil markets are expected to remain pressured throughout 2018 due to a rise in shale production, experts said. Oil prices are currently trading higher due to the strict implementation of an output cut agreement by the Organisation of Petroleum Exporting Countries (Opec) and non-Opec members, which seeks to lower global …

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