- published: 01 Jul 2017
- views: 181
(26 Jun 2017) Traders in Doha's oldest market say they haven't been affected by Qatar's diplomatic crisis with its neighbouring countries, but some fear the city's diversity could be under threat. Saudi Arabia, the UAE, Bahrain and Egypt, cut ties with Qatar over allegations that it funds terrorism - an accusation Doha rejects but that US President Donald Trump has echoed. The move has left Qatar under a de facto blockade by its neighbours. The Waqif market is Doha's most historic quarter, and it is a microcosm of the diversity of a city that hosts a couple of million foreign workers. At a shop there, customers order in Arabic, Persian and Urdu. Many are buying dried goods that have been sold in the market for centuries, like cardamom seeds. Iranians have been trading and living...
European energy markets started to feel the impact of the escalating diplomatic row in the Middle East after natural gas prices soared when tankers full of Qatari fuel abruptly changed course. Two ships bound toward Europe veered course Thursday, taking them away from the Red Sea and Suez Canal, the transit route for gas into the Mediterranean Sea and a point of focus amid the Qatari crisis. The vessels may be sailing around Africa to Europe to avoid the Suez Canal, according to Paris-based cargo-tracking company Kpler SAS. European gas traders count on Qatar, the region’s biggest LNG supplier, to help refill storage sites depleted after the key winter heating season. Front-month gas in the U.K. jumped the most since January after the turnaround surprised traders, who had been bearish th...
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Amazon: to Acquire Middle East Online Trading Site SOUQ.com. For those of you who do not live in the Middle East and who have not heard of SOUQ (which means "market" in Arabic), you can think of it as Flipkart of India or maybe so, Amazon, but serving a few Few countries in the area in the region: UAE, Egypt, Saudi Arabia, Kuwait, and also shipping to Bahrain, Oman and Qatar. It has made a name for itself as one of the leading online retailers for the purchase of clothing, electronics, beauty products, household goods, sporting goods, baby products, and more. It currently offers more than 8.4 million products and is visited more than 45 million times a month. This acquisition looks like the perfect way for Amazon to set foot in the Middle East market where it still has no official presen...
Morning Call: June 20, 2017 Russia ends military coordination with US. Saudi Arabia, arrest Iranians attacking oil fields. Qatar, will not negotiate with 'blockade.' Champs-Elysees attack car 'had guns and gas.' 198m voters exposed by GOP contractor. Bulls and Bears are gone, just Pigs left. - Ref links: https://www.blue-point-trading.com/blog - Learn more about proprietary trading: https://www.blue-point-trading.com/trader_opportunities - Obtain a complimentary Practice Account with our partner Broker for US Traders: https://my.myfxchoice.com/registrationDemo/?ib=54180 - Obtain a complimentary Practice Account with our partner Broker for Non-US Traders: https://pepperstone.com/en/open-account/demo-download?a_aid=blue-point-trading
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All financial products traded on margin carry a high degree of risk to your capital. Any forecasts given are not a reliable indicator of future performance and the decision to act on any ideas and suggestions presented is at the sole discretion of the viewer. Ricardo Evangelista, Senior Executive Officer (Dubai Branch) at ActivTrades says the Middle East clients are more inclined to trade oil and metals. “Clients understand that the current climate instigates weakness in oil”, says Evangelista and adds, “the traders are more emotionally attached to oil… it is more like a sacred cow, hence traders struggle psychologically to bet against their gift”. Watch the full segment as Evangelista discusses Qatar-Saudi tiff and how the clients are adjusting to the political turmoil in the UK.
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The closure of the Al Jazeera media network is one of the main demands of the countries enforcing the blockade. Since the crisis in the Gulf began, the network has been accused of bias, its journalism attacked, and its English language website hacked. Subscribe: http://trt.world/subscribe Livestream: http://trt.world/ytlive Facebook: http://trt.world/facebook Twitter: http://trt.world/twitter Instagram: http://trt.world/instagram Visit our website: http://trt.world
Topics covered: -What is QATAR crisis? -Background of QATAR crisis -Events that triggered QATAR crisis -Al-Jazeera & QATAR crisis
Today market participants prefer to buy safe haven assets staying away from the oil market. Crude is still trading under pressure. Meanwhile, WTI is trying to stay at the current level of $47.95 a barrel. Today the market is encouraged by the latest positive statistics from the API. The weekly report released on Tuesday showed a drawdown of 4.62 million barrels in the US inventory levels. Economists expected a smaller fall. Now the market participants await the government’s numbers from the Energy Information Administration, which will be published later. Despite this, concerns about the increase in oil production in the US continue put pressure on oil prices. Brent crude recovered from the Tuesday lows but failed to show a strong growth. It is trading at $49.83 a barrel. Tension in the M...
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