Brexit uncertainty prompts IMF to cut global growth forecasts again
The International Monetary Fund (IMF) cut its global growth forecasts for the next two years on Tuesday, citing uncertainty over Britain's looming exit from...
Lebanese dollar reserves recover from last year’s crisis
The Lebanese central bank's dollar reserves grew in early 2018, recovering from a decline during a political crisis last year that pushed up interest...
Oil prices dip after latest surge
Oil prices dipped in Asia Wednesday after the previous day's rally as Canadian oil companies prepare to restart production after being closed by huge...
No more "free" Saudi money for Egypt, says Saudi businessman
Saudi Arabia's financial support for strategic ally Egypt will no longer involve "free money" and will increasingly take the form of loans that provide...
Nigeria rules out cutting oil production
Nigerian authorities said Wednesday the country will not cut oil production even as nosediving crude prices caused by a global supply glut ravage revenue.
US...
Gulf investors hold back from UK property deals on Brexit fears
Gulf Arab investors, some of the biggest buyers of British real estate, are holding back from new deals because they fear a property price...
Kuwait in deal to import 2.5 million tons of liquefied gas
Kuwait's state oil company has signed deals to import 2.5 million tons of liquefied gas per year into the country to help power electricity...
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...
Dubai's Emirates sees 9% passenger growth in 2015
Dubai's Emirates airlines carried 51.3 million passengers in 2015, up nine percent from last year, the company said Wednesday.
CEO Tim Clark said the year...
Egypt eyes tough reforms in bid to save economy
Egypt hopes a $12-billion financing deal with the IMF will usher in an economic turnaround but real progress hinges on a tough reform package...
