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...
Online streaming top earner for US music business
Streaming has become for the first time the top money-maker for the US recorded music business, but it has struggled to offset falling CD...
Saudi confirms 'genuine' $681 million donation to Malaysian PM
Saudi Arabia has for the first time publicly confirmed Malaysia's claim that the Saudi royal family deposited $681 million into Prime Minister Najib Razak's...
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...
IMF expects $500 billion revenue loss for Middle East oil exporters
Oil exporting countries in the Middle East lost a staggering $390 billion in revenue due to lower oil prices last year, and should brace...
Asia oil prices dip on oversupply concerns
Oil prices fell in Asia on Thursday as supply outlook improved with both commodities hovering close to the key $50 mark, worrying traders about...
Saudi Arabia opens retail sector to more foreign investment
Saudi Arabia has approved rules opening its retail sector to greater foreign investment, official media said on Tuesday, as part of wide-ranging economic reforms.
The...
Saudi Arabia offers Egypt $3bn in loans, grants
Saudi Arabia has agreed to provide Egypt with more than $3 billion in loans and grants to support Cairo’s economy.
Speaking on the sidelines of...
GCC debt to double, assets to slide by 2020
Public debt of the oil-rich Gulf states is expected to double and assets decline by a third by 2020 as they seek to finance...
Saudi says to ensure Binladin Group resolves wage issue
The Saudi labour minister vowed Tuesday to ensure the Binladin Group keeps a promise to resolve wage issues, amid reports of thousands at the...
