INTERNATIONAL. Something extraordinary, albeit not unexpected, is happening in the Persian Gulf region. The United States, lacking a coherent strategy to deal with Iran and too distracted to develop one, is struggling to navigate Iraq’s fractious political landscape in search of a deal that would allow Washington to keep a meaningful military presence in the country beyond the end-of-2011 deadline stipulated by the current Status of Forces Agreement.
At the same time, Saudi Arabia, dubious of U.S. capabilities and intentions toward Iran, appears to be inching reluctantly toward an accommod
SAUDI ARABIA. Recent resolutions indicate a growing approach by the Ministry of Labour to require the complete Saudisation of certain activities within the retail sector. This article examines the existing requirements and also the proposal for a weighted Nitiqat.
INTERNATIONAL. Global stocks overlooked the resurgence in oil prices with most major stocks tumbling to fresh six week lows during trading on Thursday, on the possibility that the Fed could raise rates in Q2.
INTERNATIONAL. The forced resignation of Prime Minister Ahmet Davutoglu suggests only one thing - President Erdogan will tolerate no one in his government to deviate from any of his political positions.
LEBANON. Byblos Bank/AUB Consumer Confidence Index improved by 5.7% in January, but declined by 1.3% in February and regressed by 10% in March 2016, which constituted the steepest monthly drop since September 2015.
INTERNATIONAL. "The rift between President Erdogan and Prime Minister Davutoglu is actually reflective of Erdogan's ambitions to consolidate his power not only over his party but also over the country as a whole."
INTERNATIONAL. "It's going to come to a point where there is just going to be no real economical benefit to any kind of production staying at any kind of level in those countries. And once they come off, that's going to obviously support oil prices."