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Gulf stocks fell sharply in early trade on Sunday, led by Kuwaiti shares, on escalating tensions between the United States and Iran. Iranian military commander Qassem Soleimani, the architect of Tehran's overseas clandestine and military operations was killed on Friday in a U.S. drone strike on his convoy at Baghdad airport. The killing is seen by Tehran as an act of war that risks regional conflagration....
Unfortunately for some shareholders, the NMC Health (LON:NMC) share price has dived 33% in the last thirty days......
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(Bloomberg Opinion) -- Events in 2019 served as a reminder for just how vulnerable the world’s oil supply is, and Iran was usually blamed as the culprit for attacks on ships, pipelines and processing plants in the Middle East. But the knock-on effects blew over quickly in a world that appeared oblivious to the geopolitics of oil. Now in the wake of the U.S. killing of Qassem Soleimani, the Iranian general who led the Revolutionary Guards’ Quds force, the big question hanging over the market is whether Iran will target oil in its response. There is no particular reason to expect that Iran’s retaliation will target oil, except that even the best guarded of the industry’s installations have been shown to be vulnerable and the steady stream of oil tankers passing through the Strait of Hormuz presents multiple opportunities to disrupt flows. About 34 million barrels of crude from Saudi Arabia, Iraq and Kuwait was passing through the...
(Bloomberg) -- Stocks in the Gulf went into retreat as the U.S. killing of Iran’s most prominent general reverberated across the region.Kuwait’s benchmark index dropped more than 4% just minutes after trading began, while there were losses in Abu Dhabi, Dubai and Oman.Geopolitical tension spiked after Iranian General Qassem Soleimani was killed in Iraq last week in a U.S. drone attack. Iranian President Hassan Rouhani told Soleimani’s relatives that the U.S. “won’t see the effects of their mistake today, but they will witness it over many many years to come.” President Donald Trump said late Saturday the U.S. has identified 52 Iranian sites that it would hit if Tehran retaliates.“Investors who were hoping for lower geopolitical tension in the Middle East, North Africa region in 2020 got their hopes dashed on the second day of the year,” said Mohammed Ali Yasin, chief strategy officer at Abu Dhabi-based Al Dhabi Capital Ltd....
Samsung Electronics said on Sunday that it will introduce new, innovative devices in San Francisco on Feb. 11, with the electronics giant widely expected to unveil its new foldable phone and a new version of its flagship S model. "Samsung Electronics will unveil new, innovative devices that will shape the next decade of mobile experiences," the South Korean firm said at an invitation letter. In a teaser image, Samsung hinted at two phones - one shaped like a square and another with a rectangular form....
Trump hits Iran with a drone attack that could lead to a military response from the Iranians. That would spell disaster for those looking for peace…...
