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  • Analysis: Euro is at parity; its fate is now with energy markets

    Currency weakness exacerbates that inflation problem. Yet the ECB cannot risk aggressive policy tightening for fear of sending economic growth into reverse

  • Gulf Keystone Petroleum to tender second drill rig at Shaikan field

    Gulf Keystone Petroleum is preparing to invite bids for a second drilling rig at its operations in the Kurdistan region of Iraq. Jon Harris, CEO of the Bermuda-based oil and gas exploration company, confirmed the plans as part of a drive to ramp up production in the Shaikan field area of the country. “We are extending some contracts and are going out to bid for a range of items,” said Harris, according to MEED.

  • Europe’s energy alternatives if Russian gas flows stop

    The Nord Stream 1 pipeline that transports gas from Russia to Germany will undergo planned maintenance from Monday, prompting concerns about gas supplies to Europe if the outage is extended.  Russian gas flows through Nord Stream 1 have already been cut to 40% of capacity

  • Back from Europe, Biden turns to diplomatically delicate Saudi Arabia trip

    U.S. President Joe Biden turns his attention this month to a sensitive trip to the Middle East that will test his ability to reset relations with Saudi Arabia's powerful crown prince after Biden denounced him as a pariah. So far, Biden has been pointedly unclear on whether he will have face-to-face talks with Crown Prince Mohammed bin Salman, the Saudi de facto leader who the U.S. intelligence community concluded was behind the 2018 murder of Washington Post journalist and political opponent Jamal Khashoggi.

  • Saudi Cabinet approves new companies law to drive entrepreneurship

    It allows a new form of company — called a Simplified Joint Stock Company — that meets the needs of entrepreneurship and venture capital growth. It also allows the issuance of a family charter that regulates ownership in family businesses, in addition to governance, management, work policy, employment of family members and cash profits to ensure the sustainability of these companies.

  • EU says it may not be possible to cross finish line on Iran nuclear deal

    Senior Western officials voiced doubts about reviving the 2015 Iran nuclear deal on Thursday, with the European Union saying it "might not make it over the finishing line" and a U.S. official saying the odds had lengthened after this week's failed talks.

  • Middle East IPO market booms, outpacing Europe: Everything you need to know about the region’s latest mega listings

    “IPOs have held up very well in the GCC due to high interest from international and regional investors in recent offerings and the upcoming ECM pipeline,” said Rudy Saadi, head of ECM, MENA region at Citigroup Inc in a Bloomberg interview. “We’ve seen continuous net foreign inflows across all GCC exchanges, even during the recent selloff, a sign that foreign investors are buying this market despite the global volatility”, he added.

  • Iran, U.S. indirect talks have ended in Doha, tweets EU’s Mora

    "Unfortunately, not yet the progress the EU team as coordinator had hoped-for. We will keep working with even greater urgency to bring back on track a key deal for non-proliferation and regional stability," Mora said.

  • EU countries reach deal on climate laws after late-night talks

    After more than 16 hours of negotiations, environment ministers from the European Union's 27 member states agreed their joint positions on five laws, part of a broader packageof measures to slash planet-warming emissions this decade.

  • EU to mediate US/Iran indirect talks in Persian Gulf to try to overcome nuclear stalemate

    “The US and Iran will talk—not directly—with facilitation by me and my team as coordinator,” Borrell said at a Saturday evening press conference press conference in Tehran, adding the EU-mediated US/Iran indirect talks would take place in a Persian Gulf country. The indirect talks will likely be held in Qatar, a European diplomat said.