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 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 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...
Israel’s Bank Hapoalim expects to work with UAE banks once normalisation accord signed
DUBAI, Sept 9 (Reuters) - Israel's largest lender Bank Hapoalim expects to start working with banks in the United Arab Emirates once the two...
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...
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...
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 sees World Bank funds arriving soon, looks for Saudi aid
Egypt expects to receive a $1 billion World Bank loan approved in December once outstanding paperwork is finalised and is negotiating to secure more...
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...
Samsung Galaxy Note 5 & S6 edge+ now available at KSA axiom stores
The Samsung Galaxy Note5 and S6 edge+, the latest flagship devices in the global smartphone leader’s family have hit axiom stores early.
Retailing at a...
