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...
BP to cut 4,000 jobs amid oil price plunge
Oil company BP is cutting some 4,000 jobs in exploration and production over the next two years amid sharp drops in the price of...
Sterling plunges to 31-year low, biggest ever fall, as UK votes Brexit
British markets plunged on Friday, with sterling hitting a 31-year low in its biggest fall on record and UK stock futures pointing to a...
Yuan sends Saudi Riyal devaluation wagers to a high
A key currency indicator in Saudi Arabia rose to the highest level since 2008, signaling that some traders are increasing bets that the riyal...
Shift in Saudi oil thinking deepens OPEC split
As OPEC officials gathered this week to formulate a long-term strategy, few in the room expected the discussions would end without a clash. But...
Egypt explorers hunt gold in the desert
Off the off-road tracks deep in Egypt's eastern desert, prospectors are ramping up the hunt for the treasure once revered by the Pharaohs as...
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...
Oil prices up in Asia but uncertainty over Brexit remain
World oil prices rebounded in Asia Tuesday on bargain hunting but tremors from Britain's shock vote last week to leave the European Union continue...
White House: Not in Saudi interest to destabilise global economy over 9/11 bill
The White House expressed confidence on Monday that Saudi Arabia would not follow through on a reported threat to sell U.S. assets if Congress...
Goldman Sachs dips toe into consumer banking
Goldman Sachs, known for financing mega-deals and servicing the ultra-wealthy, is now open to the general public. And its interest in the average American...
