Citigroup earnings jump despite energy hit
Citigroup reported a big jump in fourth-quarter earnings as much lower expenses offset a hit to results due to weakness in energy-sector loans.
Earnings were...
Eastern Libya ships first oil cargo in defiance of Tripoli
A government based in eastern Libya has shipped its first cargo of crude in defiance of authorities in the capital Tripoli, a bold move...
Saudi Arabia and UAE number of millionaires ‘to soar in 5 years’
Saudi Arabia and the United Arab Emirates are expected to see a significant growth in the number of millionaires in the next five years,...
Lebanon PM urges Saudi to reconsider aid package suspension
Lebanon's Prime Minister Tammam Salam on Friday urged Saudi Arabia to "reconsider" the suspension of a $3 billion aid package to its army to...
Saudi energy minister: Oil market heading toward a balance, prices settling
The energy minister of Saudi Arabia, the world's largest oil exporter, and the secretary general of OPEC agree that the global oil market is...
IMF and other G20 finance VIPs urge action on reforms
Officials at a global finance meeting Friday in Shanghai urged governments to speed up promised job-creating reforms instead of relying on stimulus to perk...
More women executives mean more profits, according to study of 91 countries
Companies with 30 percent female executives rake in as much as six percentage points more in profits, according to a study on Monday, feeding...
Saudi 2016 growth to slow as debt rises and reserves drop
Saudi economic growth is set to slow further in 2016 after the OPEC heavyweight announced record deficits due to the slump in oil prices,...
Tackling the economic crisis in Lebanon, PM meets finance delegation
On a step to assist the debt-ridden country and rescue its moribund economy, a delegation from the World Bank's private lending arm is due...
Arab businessmen invest billions to make Bosnia a holiday destination
As tourists from the Persian Gulf countries look to book their next holiday to escape the summer heat, Arab investors are betting on an...
