Turkish central bank move raises questions over independence
Turkey's currency plunged Tuesday amid growing questions over the central bank's ability to set policy without interference from the increasingly powerful office of President...
Oil prices rise in Asia as Doha meeting and U.S. report loom
Crude prices edged down in Asia Monday following last week's gains that were fuelled by data showing a drop in US production, while traders...
Anid economic impact of Coronavirus, Egypt seeks aid
Egypt's Prime Minister, Mostafa Madbouli, said Sunday the country is seeking an aid package from the International Monetary Fund to offset the economic impact...
Russia says Saudi Arabia proposed oil output cuts by up to 5 pct
Russian Energy Minister Alexander Novak said on Thursday that Saudi Arabia had proposed that oil producing countries cut oil production by up to 5...
UAE backs oil producers' output freeze plan
The United Arab Emirates has thrown its support behind a plan involving oil powerhouses Russia and Saudi Arabia to freeze oil production levels in...
Oil prices rebound after slump
Oil prices rebounded slightly on Tuesday despite lingering market concerns regarding oversupplies.
US benchmark West Texas Intermediate for delivery in December rose 37 cents to...
Oil prices rise after Saudi Arabia cuts ties with Iran
Oil prices rose in Asia Monday after crude producer Saudi Arabia cut diplomatic ties with Iran following a row over the Saudi execution of...
Yemen central bank stops guarantees for rice and sugar imports
Yemen's central bank has told traders and local banks it will no longer provide lines of credit for the import of sugar and rice...
MIDEAST STOCKS-Oil weakness may dampen Gulf, land tax plan hit Saudi
Oct 20 Middle East stock markets may be soft on Tuesday because of weak oil prices and global equity markets, while progress towards imposing...
Saudi King Salman is committed to diversifying the economy
Saudi King Salman said on Wednesday the kingdom was committed to implementing programmes to diversify sources of income in order to reduce its dependence...
