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...
Qatar forecasts $12.77 billion budget deficit
Energy-rich Qatar has forecast a budget deficit of more than $12 billion in 2016, citing a sharp drop in oil and gas prices, local...
Saudi's Bahri says signs 700 million riyal loan for oil tankers
The National Shipping Company of Saudi Arabia has signed a 700 million riyal ($186.7 million) loan to partly-finance the purchase of three very large...
Saudi economic reform plan aims for revenue surge
Saudi Arabia plans to more than triple the government's non-oil revenues and clamp down on public-sector salaries over the next five years, ministers said...
Russia sees oil price of $45-$50 per barrel 'acceptable' as it prepares for freeze...
Russia believes an oil price at $45-$50 per barrel is acceptable for the global oil market to balance, as it prepares to meet leading...
Pakistan to receive $497mn tranche of IMF loan
The International Monetary Fund announced Thursday it would release the latest instalment worth $497 million of a three-year economic bailout package to Pakistan, while...
Saudi Arabia will support Egypt despite oil price lowering
The drop in global oil prices will not deter Saudi Arabia from supporting Egypt's economy, its ambassador said on Thursday, adding Riyadh's support would...
Oil prices edge up
Oil prices edged up slightly in Asia on Tuesday after tumbling more than two percent the day before, while a weaker dollar also provided...
Oil companies in Iraq agree to restart investment, boost output
Iraq has reached agreement with BP, Shell and Lukoil to restart stalled investment in oil fields the firms are developing, allowing projects that were...
Iraq boosts southern ports oil export capacity to 4.6 mln bpd -statement
BAGHDAD, Oct 29 (Reuters) - Iraq has announced that it has managed to boost oil export capacity from its southern ports to 4.6 million...
