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...
Saudi allows Binladin Group tenders days after layoffs
Saudi authorities have allowed construction giant Binladin Group to tender for public building projects in the kingdom again, local media reported, just days after...
Microsoft to buy LinkedIn for $26.2 bln
Microsoft Corp agreed to buy LinkedIn Corp for $26.2 billion in its biggest-ever deal, combining the software giant's fast-growing cloud services business with the...
Citigroup earnings jump despite energy hit
Citigroup reported a big jump in fourth-quarter earnings as much lower expenses offset a hit to results due to weakness in energy-sector loans.
Earnings were...
Smartphones overtake desktops for Christmas shopping
If the beginning of the holiday season is any indication, it could be a merry mobile Christmas for shoppers.
For the first time, there's expected...
UAE backs oil producers' output freeze plan
The United Arab Emirates has thrown its support behind a plan involving oil powerhouses Russia and Saudi Arabia to freeze oil production levels in...
Saudi Arabian builders delay payments amid state spending clampdown
Some Saudi Arabian construction companies are struggling to pay their staff on time in a sign of growing pressure on the economy from low...
Lagarde tells Nigerian lawmakers IMF she does not back FX curbs
International Monetary Fund chief Christine Lagarde told Nigerian lawmakers on Wednesday the Fund does not support foreign exchange restrictions and that any such measures...
Gulf braces for austerity as oil income slump hits home
Faced with heavy losses from low oil prices, Gulf states have embarked on belt-tightening measures to cut spending and boost non-crude revenues, but analysts...
Kuwait minister says oil price at $50-60 is appropriate
Kuwaiti acting Oil Minister Anas al-Saleh said on Thursday oil at $50 to $60 a barrel is an appropriate price.
International Brent crude oil futures...
