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S&P negative outlook on U.S. credit is a mixed bag for Middle East S&P negative outlook on U.S. credit is a mixed bag for Middle East(0)

Ratings agencies have an uncanny knack of turning up at morgues and pronouncing the death of the deceased, so it should have been no surprise that Standard & Poor’s did the ‘unthinkable’ and downgraded the United States’ long-term outlook to negative from stable. Read More Here

Global Recovery May Slip On High Oil, But Boost Saudi Economy: IMF Global Recovery May Slip On High Oil, But Boost Saudi Economy: IMF(1)

Oil prices will rise 36% in 2011, denting global economic recovery, warns the IMF. But that also means Saudi’s GDP will rise 7.5% - one of the highest among G20 nations. Read More Here

Recycling Petrodollars To Curb Inflation In Emerging Markets Recycling Petrodollars To Curb Inflation In Emerging Markets(1)

While oil inflation fears in emerging markets are warranted, these risks are being mitigated as Gulf oil-exporting states buy emerging market products and services as part of their fiscal spending spree.

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