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...
Libyan dinar slides more amid continued political deadlock
Libya's dinar has plunged to a new low on the black market amid continued political deadlock in this oil-rich country.
Traders were selling the dinar...
Oil stages modest rebound
Oil rebounded on bargain-buying Wednesday after the previous day's plunge but analysts warned any gains would be limited as the global glut showed no...
Russian oil chief Sechin: OPEC unity effectively extinct
OPEC is effectively extinct as a united organisation and the time when it could determine global oil market conditions should be forgotten, Igor Sechin,...
Lebanon banks to shut amid Coronavirus
For the safety of employees during the Coronavirus outbreak, bank branches in Lebanon will close from March 17-29, the banking association said on Monday.
It...
Iraq's food business grows despite war and economic slump
Iraqi businessman Zaid Nazo has always been sure of his nation's deep passion for food and wasn't afraid to dream big when he transformed...
Oil prices recover slightly
Oil prices rose slightly on Tuesday, with Brent prices bouncing back from 11-year lows caused largely by a global oversupply of crude.
Approaching midday in...
Qatari state fund buys stake in NY's Empire State Building
Qatar's sovereign wealth fund has made an iconic purchase in America — a stake in the company that owns New York's Empire State Building.
The...
