Hints and tips:
...“There is no single country that can replace that kind of volume,” Qatar’s energy minister Saad al-Kaabi said at the same conference, adding that — much like in oil — there was not sufficient spare capacity...
...“They [the Gulf states] are washing their hands of Lebanon as an Iranian outpost, but what is their plan B? It is shortsighted because whatever happens in Lebanon will come back to bite you.”...
...But Saad Rahim, chief economist at Trafigura — one of the world’s largest oil traders — said that the hit to consumption would still be substantial....
...Not a whit deterred, Riyadh followed up by announcing an increase in crude output from 9.7m barrels a day to 12.3m b/d....
...“In five years’ time we could be in a very tight market,” says Saad Rahim, chief economist at trading house Trafigura....
...Saudi Arabia has said the attacks forced them to lose 5.7m b/d of crude production, 700,000 b/d of NGLs, and a large amount of the kingdom’s natural gas output....
...Anyway, here’s a nice picture of Flybe’s former CEO Saad Hammad with Spirit of Liberum, a jet named on honour of its house broker. Elsewhere! Credit Suisse has a big note out on European insurers....
...Saad Rahim is the chief economist of Trafigura, one of the world’s biggest commodity traders....
...“Since the election [Prime Minister Saad] Hariri has struggled to put together a new government....
...Production there remains volatile but is currently running at around 850,000 b/d – more than a half a million up on the levels being delivered 15 months ago....
...Demand for 2016 is expected to reach almost 4.3m barrels a day, up 300,000 b/d from the year before, according to the IEA. By 2040 it is seen at 10m b/d....
...This week, the turnround earned JC Penney an upgrade from rating agency Standard & Poor’s, which on Wednesday raised the department store’s credit rating to ‘B’ from ‘CCC+’ with a positive outlook....
...The B, C and D blocks, for senior officers, had 325-square-yard plots, and E block had plots of 867 square yards....
...Take the case of Saad Group, the Saudi Arabian company that ran into problems repaying its debt in 2009....
...Investors often cite the distressed debt deals surrounding Saudi Arabia’s Saad Group, which ran into difficulties in 2009....
...“The far better way of doing things would have been to get Saad [to do it]. This is clearly plan B,” says a diplomat in Beirut....
...“We would prefer to see how Dubai’s debt situation plays out in the very near-term in terms of (a) the second tranche of the $20bn issuance programme, and (b) how Nakheel’s December maturity is handled,”...
...Emphasis ours: Moody’s Investors Service has downgraded the ratings of Saad Trading Contracting & Financial Services Company (STCFSC), Saad Investments Company Limited (SICL) and Saad Group Limited (SGL...
...If we sold it for £13, we’d write that in column B, and you put the difference in column C. It was a small business environment but it gives you street sense.”...
...The company said it “attaches the utmost importance” to keeping its triple B credit rating and current dividend despite the deal....
...HSBC lost 3.1 per cent to 535p amid continued concerns about a debt restructuring at Saad Group, its 3.1 per cent shareholder....
...Traders added that HSBC had been under extra pressure in recent days on suggestions that Saudi Arabia’s Saad Group was reducing its stake of nearly 3 per cent....
...The 58(2)B means the prime minister gets the power to dissolve the parliament, not the president. But that has never happened....
...“The defiance shown by the chief justice has created a defining moment in Pakistan’s history,” says Khawaja Saad Rafi, a leading member of the Pakistan Muslim League party of Nawaz Sharif, the exiled former...
...It reads like the cast of a B-movie: part fantasy, part thriller. A hooded witness, shaking off his disguise, recants his evidence....
International Edition