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Erdogan asks Turks to help prop up plunging lira

Turkish President Recep Tayyip Erdogan on Saturday urged compatriots to change their foreign currency to the lira to help prop up the embattled currency. "My...

Libya cuts oil output by up to 120,000 bpd due to power problems

Libya's National Oil Corp on Wednesday cut oil production by about 120,000 barrels a day as its eastern subsidiary AGOCO faced power problems due...

Saudi Arabia gives assurances on supply as oil hits $80/barrel

Saudi Arabia said on Thursday it would make sure the world is adequately supplied with oil to support global economic growth just as top...

Turkish banker gets 32 months prison in U.S. case over Iran sanctions

A U.S. judge sentenced Mehmet Hakan Atilla, a Turkish banker at Turkey's state-controlled Halkbank, to 32 months in prison on Wednesday after he was...

Al Kasir Group Launches Diamond Trading on Blockchain

Members of the Private Office of H.H. Sheikh Ahmad Bin Obaid Al Maktoum L.L.C., AL KASIR JEWELLERY TRADING L.L.C. and AL KASIR PORTAL...

Saudi issues new Islamic sukuk to finance budget

Saudi Arabia said Tuesday it has completed the issuance of a new Islamic sukuk sale to help finance its budget deficit as the kingdom...

Sale of Dogan set to tighten Erdogan’s grip over Turkish media

Turkey's Dogan Holding has started talks to sell its $890 million media arm to an unlisted firm seen as close to Tayyip Erdogan, a...

Egypt’s core inflation falls to 11.88 pct yr/yr in Feb

Egypt's core inflation fell to 11.88 percent year-on-year in February from 14.35 percent in January, the central bank said on Thursday. Inflation jumped after Egypt...

War leaves Yemenis struggling to buy fuel to cook

Long queues of men line the streets of Yemen's rebel-held capital Sanaa waiting alongside empty propane gas canisters they are desperate to replace so...

Lebanese dollar reserves recover from last year’s crisis

The Lebanese central bank's dollar reserves grew in early 2018, recovering from a decline during a political crisis last year that pushed up interest...

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