Saudi to unveil 2016 budget with huge shortfall
Saudi Arabia unveils its 2016 budget on Monday with the oil powerhouse expected to project a huge deficit following the collapse of crude prices.
The...
Saudi Aramco says fraud foiled between trading unit and ONGC
State oil giant Saudi Aramco said on Sunday that an attempted fraud that targeted its trading unit Aramco Trading and India's Oil and Natural...
Abu Dhabi financial regulator may create framework for virtual currencies
The regulator of Abu Dhabi's international financial centre said it could create rules for exchanges handling virtual currencies, in a sign that authorities in...
Saudi-Iranian tensions can't halt slide in oil prices
Even the escalating tension between Iran and Saudi Arabia, two big oil-producing countries, can't halt the slide in energy prices.
Oil futures spiked briefly on...
Donor conference raises $1.8 billion for Sudan – Germany
Berlin (AFP) - Pledges worth $1.8 billion were made at a donor conference to drum up international support for Sudan on Thursday, said Germany's...
Tesla shares slip after first fatality involving Autopilot
Tesla Motors Inc's shares were down less than 1 percent in early trading on Friday, with at least one analyst saying that initial reaction...
Tadawul: Insurance stocks among the top gainers
Middle East stock markets moved little in modest trading volumes on Sunday as uncertainty over oil prices and the global market environment kept many...
Food prices across Syria increased by 20 percent between March and April
In Syria, food prices have doubled in the past year to record levels, largely due to the Lebanese financial crisis and the novel Coronavirus,...
Lebanon rescue plan amid soaring Inflation, unemployment and poverty
Lebanon is seeking IMF help and wants to restructure around $90 billion in debt to tackle a fiscal crisis that has prompted a sovereign...
Oil prices fall before US energy report
Oil prices fell Wednesday as traders awaited the release of US crude inventory data, which are expected to show a further rise in stockpiles.
At...
