Author: Omar Haddad
Omar Haddad
Sovereign wealth funds, oil diplomacy, and the region's aggressive push into diversification are where Omar's reporting lives. Born in Amman, he studied economics before an early stint at a regional bank gave him the sourcing relationships he still relies on today. He's covered energy summits from Riyadh to Doha and has a low tolerance for press-release journalism. He's also a serious backgammon player, a game he insists teaches better risk assessment than any finance course.
DUBAI/CAIRO, Sept 17 — Saudi Arabia and Yemen’s Iran-backed Houthis traded fresh cross-border attacks on Thursday as civilians fled renewed fighting by boat, adding another layer of risk to vital energy routes already disrupted by the wider Middle East war. Houthi-controlled television reported Saudi airstrikes in Yemen’s Hajjah province near the Red Sea coast and around Taiz farther inland. Saudi authorities, meanwhile, said debris from an intercepted Houthi drone killed a Yemeni resident in the western city of Taif. The death was the first reported by Saudi Arabia since the latest escalation began. ([Al Jazeera][1]) Saudi authorities had previously reported…
SINGAPORE [BE Report]: Brent crude climbed above $100 a barrel on Wednesday, marking the first time since July 24 that the international benchmark has crossed the psychologically important threshold as the escalating Middle East conflict raises fresh concerns over regional oil supplies. Brent futures were up $2.15, or 2.2%, at $100.07 a barrel by 0721 GMT. U.S. West Texas Intermediate crude also advanced, gaining $1.70, or 1.83%, to $94.73 a barrel. Oil prices have gained roughly 25% since the beginning of August as expectations for a lasting settlement to the six-month-old U.S.-Iran conflict have weakened. The latest escalation has added…
Stay updated on the latest startup news, funding trends, industry updates, and finance insights. Your go-to source for all things business. Empower your success with our comprehensive coverage.