Huge reserves, low public debt strong features of KSA economy
Some international rating agencies and institutions such as the IMF are being criticized for practicing a double standard when dealing with economic scenarios in...
Commodity slump forces Africa to rely on IMF
Falling commodity prices have pushed several African countries back into the embrace of the International Monetary Fund, which has an opportunity to push for...
EU’s Borrell says Turkish gas drills off Cyprus ‘must stop’
Nicosia, Cyprus (AFP) - European Union foreign policy chief Josep Borrell said Thursday that "illegal" Turkish drilling for gas off the divided island of...
Marriott buys rival hotel chain Starwood for $12.2 billion
Marriott International is buying rival hotel chain Starwood for $12.2 billion in a deal that will secure its position as the world's largest hotelier.
The...
Saudi unit of auditor Deloitte penalized by market regulator
Saudi Arabia's Capital Market Authority has suspended the local unit of New York-based auditing giant Deloitte from offering its auditing services to the kingdom's...
Oil will blow past $80 a barrel in 2016
The next big move in the price of oil will be up. For now, OPEC producers are flooding the market with cheap crude. But...
Anid economic impact of Coronavirus, Egypt seeks aid
Egypt's Prime Minister, Mostafa Madbouli, said Sunday the country is seeking an aid package from the International Monetary Fund to offset the economic impact...
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...
More women executives mean more profits, according to study of 91 countries
Companies with 30 percent female executives rake in as much as six percentage points more in profits, according to a study on Monday, feeding...
Asia shares hit 3-1/2-year lows as oil resumes fall
Asian stocks surrendered earlier gains to hit 3-1/2-year lows on Friday as renewed pressure on oil prices and disappointing Chinese data kept investors on...
