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May, 31, 2016

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Business > Middle East
Foreign firms are eager to exploit the potential of Iran's long-isolated economy following a landmark nuclear deal, but experts say doing business in the Islamic republic will remain hugely challenging.
 
Ex Saudi foreign minister Prince Saud al-Faisal dies
Saudi Arabia's Prince Saud al-Faisal, formerly the world's longest-serving foreign minister who oversaw four decades of turbulent diplomacy for the oil-rich kingdom, died on Thursday.
 
'Yes or no' time in Iran nuclear talks
Iran lashed out at Western powers accusing them of changing positions at the 11th hour in intense nuclear talks, as the EU warned it was time Friday to say "yes or no" to a deal on the table.
 
The Egyptian pound has fallen to a new low against the U.S. dollar, the second such drop in days, the country's central bank said Sunday, in a move that could help boost much-needed foreign investment.
 
Qatar conceded Monday that "much more needs to be done" on the controversial issue of labor reform following fresh criticism of the 2022 World Cup hosts over the pace of change.
 
Saudi Arabia opens US$585 billion stock market for direct foreign investment
Saudi Arabia's stock market, valued at US$585 billion, opened up to direct foreign investment for the first time Monday, as the kingdom seeks an economic boost amid low global oil prices.
 
OPEC likely to keep output target on hold
The price of crude remains too low for most OPEC member nations. But with the 12-nation cartel's control of supply and demand slipping, its oil ministers may have little choice this week but to sit back and do nothing.
 
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