Saudi bank ANB set to sell 2 billion SAR capital-boosting sukuk
Arab National Bank (ANB) is close to completing a 2 billion riyal ($533.3 million) capital-boosting sukuk issue, sources familiar with the matter told Reuters...
Commodity slump forces Africa to rely on IMF
Falling commodity prices have pushed several African countries back into the embrace of the International Monetary Fund, which has an opportunity to push for...
Saudi plans stock market reforms to draw foreign money
Saudi Arabia announced a string of reforms to its stock market that could attract billions of dollars of fresh foreign money and smooth sales...
OPEC, non-OPEC experts to talk, but unlikely to cooperate on cuts
A meeting of OPEC and non-OPEC oil market experts this week is unlikely to increase the prospect of joint co-operation on supply curbs or...
Oil slump has uneven impact on global prices at the pump
A dramatic drop in oil prices is translating into a mixed bag for motorists across the globe - from hefty savings at the pump...
Saudi Housing Ministry imposes annual tax on undeveloped land
Saudi Arabia has imposed an annual tax on undeveloped urban land, the Housing Ministry said on Sunday, finalising the rules for a system intended...
Syria funds suggest ISIS link to militants arrested in Indonesia
Some of the Indonesian men arrested at the weekend after tip-offs that they were planning a string of militant attacks had received funding from...
Saudi Aramco to expand as oil demand grows
State oil giant Saudi Aramco, which could soon become the world's largest listed company, will keep expanding despite low crude prices, its president said...
Saudi to overhaul floundering financial district and economic cities
Saudi Arabia is revising plans for a glitzy financial district in Riyadh and the creation of six industrial cities, after the projects were plagued...
Algerian billionaire Rebrab buys media group
Algerian billionaire Issad Rebrab, the country's wealthiest entrepreneur, has bought the El Khabar media group for around 40 million euros ($45 million), the group...
