Hundreds of businesses shutting down in Lebanon
More than 220,000 jobs in the private sector have been shed since mid-October when protests fueled by worsening economic conditions erupted against the political...
Oil prices resume decline in Asia
Oil prices resumed their decline in Asia on Wednesday, with global crude oversupply continuing to dampen investors' sentiment despite occasional rallies.
Prices had risen the...
Saudi Arabia orders 5% cut in contract spending
Saudi Arabia's government, its finances strained by low oil prices, is opening a fresh austerity drive by ordering ministries to cut their spending on...
Britain's FTSE 100 climbs as Glencore gains
Britain's top share index rose nearly 3 percent on Monday, with a surge in Glencore after a volatile week leading mining companies higher.
Glencore shares...
OPEC and non-OPEC producers to meet in Doha on April 17
OPEC and non-OPEC producers will hold a meeting in the Qatari capital on April 17, the Qatari energy minister, who is also the current...
Sterling dips below $1.50 for first time since April
Sterling dipped below $1.50 for the first time since April on Monday after a policymaker warned about the impact of a strong pound on...
A rosier outlook in the Asian markets
Upon signing the China-US trade pact, the mood in most Asian markets remains upbeat and the global outlook appears a little rosier.
Focus now turns...
Saudi Arabia says outcome of OPEC meeting unclear
The outcome of this week's OPEC meeting remains to be decided, Saudi Arabia's oil minister said Tuesday amid widespread expectations that the cartel will...
Egypt's illicit currency traders defy crackdown, spread business abroad
Egypt's efforts to stamp out illicit currency trading is pushing black market dealers to carry out transactions abroad, beyond the reach of the law,...
Ambitious Saudi economic reforms up against 'vested interests'
Saudi authorities will have to confront a range of vested interests if they hope to pull off an ambitious plan to diversify the economy...
