Global watchdog flags slow "too big to fail" bank rule adoption
Many countries have not yet introduced laws allowing regulators to write down bank's debts to avoid taxpayer bailouts and prevent them being "too big...
Oil prices tumble 7%: Tadawul edges down
Stock markets across the Middle East fell on Tuesday alongside steep drops in global stock
prices because of renewed uncertainty about the state of China's...
Gulf stocks tumble over Saudi-Iran tensions
Markets in Gulf Arab states tumbled Monday impacted by the growing tension between Saudi Arabia and Iran and global stocks rout over Chinese economic...
Oil prices rebound on bargain-hunting
World oil prices rose Thursday on bargain-hunting after a sharp decline the day before, although analysts said the market remains hobbled by an oversupply.
US...
Oil-dependent Saudi, Norway sovereign funds selling European shares
The top three oil-dependent sovereign wealth funds have been selling European equity holdings since May, a study showed on Monday, another sign of petrodollars...
Saudi giant SABIC trades lower after profit drop
Shares of Saudi petrochemical giant SABIC traded almost five percent lower on Monday after the firm reported a drop of 19.57 percent in full-year...
Saudi Aramco says fraud foiled between trading unit and ONGC
State oil giant Saudi Aramco said on Sunday that an attempted fraud that targeted its trading unit Aramco Trading and India's Oil and Natural...
Pakistan to receive $497mn tranche of IMF loan
The International Monetary Fund announced Thursday it would release the latest instalment worth $497 million of a three-year economic bailout package to Pakistan, while...
UN moves to restrict ISIS finances
Russian President Vladimir Putin threw his support Thursday behind a US-backed measure at the UN Security Council to ramp up sanctions against ISIS and cut...
Chinese businessman grows Asian Halal meat industry
The wine-swilling co-founder of Sai Wai Xiang Halal Foodstuff Co enjoys his pork and does not follow Islam, but still sells more than $50...
