Oil price slump 'wake-up call' for producers: IMF chief
The head of the International Monetary Fund said Tuesday that the global slump in oil prices was a "splendid wake-up call" for energy-producing countries...
War leaves Yemenis struggling to buy fuel to cook
Long queues of men line the streets of Yemen's rebel-held capital Sanaa waiting alongside empty propane gas canisters they are desperate to replace so...
Al Kasir Group Launches Diamond Trading on Blockchain
Members of the Private Office of H.H. Sheikh Ahmad Bin Obaid Al Maktoum L.L.C., AL KASIR JEWELLERY TRADING L.L.C. and AL KASIR PORTAL...
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 prices extend losses ahead of U.S. report
Oil prices fell in Asia on Tuesday as persistent concerns about a global oversupply and caution ahead of a US stockpiles report chipped away...
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...
Saudi Aramco keeps up investment despite crude fall
Saudi Aramco, the world's biggest oil exporter, is maintaining investments despite cutting costs in other ways to cope with plummeting crude prices, the company's...
How Saudi Arabia plans to shake up its economy
In late February, several hundred Saudi officials, company executives and foreign consultants gathered in a luxury Riyadh hotel to discuss how Saudi Arabia's economy...
Oil dips in Asia amid Saudi Arabia output boost reports
Oil prices eased slightly in Asia Thursday amid reports OPEC kingpin Saudi Arabia would further raise output in August.
Prices hit five-week highs this week,...
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...
