Saudi Arabian Economy Braces for Foreign Domination

On Tuesday, the Saudi cabinet agreed to allow 100% foreign ownership of companies in the retail and wholesale industry. The wording of the announcement was careful; ‘only in retail and wholesale’, suggesting a limitation on foreign ownership when in fact, the industries in which foreign ownership has been permitted are some of the most lucrative. The retail industry thrives off …

Disruptive Technologies Could be Savior Oil Industry Seeks as it Contends with Low Prices

Oil and gas companies, which are grappling with an intense battle for customers amid a supply glut and stressed prices, are increasingly looking for ways to improve efficiency and reliability of their assets to gain a competitive edge. One area of rising investment is in the confluence of technology that allows greater communication and integration of different devices and sensors, …

OPEC Producers Shouldn’t Panic Yet About Slowdown in China

Concerns that the slowdown in China’s economic growth will curb Asia’s energy demand from the Middle East and beyond could be premature. Yes, any hint of weakness in the world’s largest net importer of crude and its second largest economy rings alarm bells in OPEC capitals and in boardrooms across the globe. India and Southeast Asian economies are also flourishing …