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...
Qatar energy minister says too early to predict OPEC outcome
It is too early to forecast the outcome of oil producer group OPEC's Dec. 4 policy meeting, Qatari energy minister Mohammad bin Saleh al-Sada...
Oil prices may reach $20, Saudi not willing to cut output
OPEC is determined to keep pumping oil vigorously despite the resulting financial strain even on the policy's chief architect, Saudi Arabia, alarming weaker members...
Russia and Turkey discuss restoring economic ties
Russia and Turkey will gradually unfreeze relations in trade and economy which soured after Turkey downed a Russian bomber near the Syrian border last...
Egypt struggles to get subsidised food to poor amid dollar crisis
"Any rice?" says the woman, leaning into a shop in Cairo and brandishing a green smartcard that carries her family's food credits. The shopkeeper...
Oil prices down as Turkey fears ease
Oil prices extended their decline in Asia Tuesday as the global glut returned to focus, while worries about the effects of Turkey's coup on...
Devaluation of Saudi currency would carry major political risk
The devaluation of Saudi Arabia's currency could cause such political instability that Riyadh has little choice but to stick to its promise to use...
Saudi and UAE shares rise on interest rate hike
Markets in Saudi Arabia and the United Arab Emirates rallied Thursday after their countries followed the US Federal Reserve by hiking interest rates, but...
