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Iran’s July oil exports to fall but 70pc higher than a year ago

  Tehran / Reuters Iran’s oil exports in July are set to fall from June levels as the country battles Saudi Arabia and Iraq for market share but are about 70 percent higher than a year ago, according to a source with knowledge of the country’s crude lifting plans. Exports will be about 2.14 million barrels per day (bpd) in ...

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Riyadh’s new listing L’azurde to double branches in MENA

  RIYADH / Reuters Saudi Arabia’s L’azurde Company for Jewellery, which surged on its trading debut in Riyadh on Wednesday, plans to almost double the number of its branches in the MENA by 2018. Chief Executive Selim Chidiac told Reuters that market conditions in Saudi Arabia were very challenging as consumers have been hit by the slide in oil prices, ...

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Saudi improves real estate transparency

  Jeddah / Emirates Business The Kingdom of Saudi Arabia (KSA) has moved up the rankings to finish in the ‘Semi-Transparent’ category for the first time in the JLL and LaSalle Investment Management’s 2016 Global Real Estate Transparency Index (GRETI). Strong advances over the past two years have seen Saudi Arabia (63rd) and Egypt (65th) move into the dynamic ‘Semi-Transparent’ ...

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