OPEC says oil glut 'may ease' by 2017 as non-cartel supply drops
OPEC said Friday a global crude glut that has squeezed the market and sent prices plunging over the past year "may be easing" as...
U.S. delivers 8 Black Hawks to Jordan for its anti-ISIS battle
The United States has delivered eight refurbished Black Hawk helicopters to Jordan for the kingdom's battle against Islamic State extremists.
Jordan is part of a...
Al Qaeda still reaping oil profits in Yemen despite battlefield reverses
Al Qaeda may have been pushed out of the enclave it carved out in Yemen as the country descended into civil war, but the...
China's Xi opens refinery with Saudi King Salman
Chinese President Xi Jinping and Saudi King Salman on Wednesday attended a ceremony to mark the opening of a joint-venture refinery, a symbol of...
Saudi 2016 growth to slow as debt rises and reserves drop
Saudi economic growth is set to slow further in 2016 after the OPEC heavyweight announced record deficits due to the slump in oil prices,...
Britain raises minimum wage
Britain's Conservative government raised the minimum wage by 7.5 percent on Friday in a move denounced by critics as largely symbolic in an era...
Erdogan aide calls for nationalisation of Turkey's Isbank
An aide to Turkish President Tayyip Erdogan has called for the nationalisation of the country's biggest private bank, Isbank, in which the main opposition...
Turkey favours market-friendly reforms, executive presidency
Turkey's new government will aim to bring inflation down to single digits and maintain central bank independence, Prime Minister Ahmet Davutoglu said on Wednesday,...
Gulf banks under pressure from low oil prices
Banks in the six-nation Gulf Cooperation Council (GCC) are being increasingly challenged by a liquidity squeeze resulting from low oil prices, Moody's Investor Services...
Investigation clears Malaysian PM Najib, says $681 million transfer a Saudi gift
Malaysia's attorney-general cleared Prime Minister Najib Razak of any criminal offence or corruption on Tuesday, and said a controversial transfer of $681 million into...
