Saudi Arabia’s new development plan gathers momentum
A new report on Saudi Arabia just produced by the global publishing, research and consultancy firm Oxford Business Group (OBG) charts the latest developments...
Kuwait's NBK profits drop in Q4 and rise for 2015
National Bank of Kuwait, the emirate's largest lender, said Thursday its net profit fell in the fourth quarter but rose in 2015 as a...
Saudi projects $87 billion deficit for 2016
Saudi Arabia has announced a projected budget deficit in 2016 of $87 billion (327 billion riyals), as lower oil prices cut into the government's...
Samsung Galaxy S7 may be launched this January
Samsung is reportedly moving up the launch of its next flagship smartphone, the Galaxy S7, to January in order to ramp up competition with Apple...
British brands eye growing Muslim consumer market
From young start-ups to business giants, British entrepreneurs are eyeing a rapidly expanding global market for Muslim consumers with a range of brands from...
BP to cut 4,000 jobs amid oil price plunge
Oil company BP is cutting some 4,000 jobs in exploration and production over the next two years amid sharp drops in the price of...
EXIM backers vow to defeat U.S. House amendments to gut trade bank
Export-Import Bank said on Tuesday they can defeat a barrage of proposed amendments aimed at gutting the trade lender's ability to aid large companies...
Turkey favours market-friendly reforms, executive presidency
Turkey's new government will aim to bring inflation down to single digits and maintain central bank independence, Prime Minister Ahmet Davutoglu said on Wednesday,...
Wall Street wobbles as health stocks, oil prices drop
Wall Street struggled for gains in volatile trading on Monday, weighed down by healthcare stocks and oil prices hitting fresh 12-year lows, ahead of...
Saudi monarch addresses Egyptian parliament
Saudi Arabia's king addressed the Egyptian parliament on Sunday, the fourth day of a visit that saw the oil-rich kingdom pledge billions of dollars...
