Shell reports 44 percent drop in 4th quarter earnings
Royal Dutch Shell said fourth-quarter earnings tumbled 44 percent as the collapse in oil prices took its toll on another European oil company.
Profit adjusted...
World Bank approves $1.15 bln development policy loan for Egypt
The World Bank Group said its executive board approved on Tuesday a $1.15 billion development policy loan for Egypt to support the country's economic...
International Energy Agency sees low oil prices until 2020
The International Energy Agency says oil prices are likely to remain low over the next five years because of plentiful supply and falling demand...
Iraq preparing to push ISIS away from oil region
Kurdish Peshmerga forces, an Iran-backed Shi'ite militia and Iraq's army will launch an offensive soon to push Islamic State fighters away from the northern...
Lebanon pound sinks to half official rate
For more than 3,000 to the dollar, the Lebanese pound fell in value Wednesday, half the official rate, foreign exchange bureaus said.
Lebanon has suffered...
EasyJet warns on tough journey ahead for airlines
Airlines are facing one of their most challenging periods "for a long time", with peak summer bookings hit by terror attacks and Brexit uncertainty,...
Turkish central bank move raises questions over independence
Turkey's currency plunged Tuesday amid growing questions over the central bank's ability to set policy without interference from the increasingly powerful office of President...
Oil stages modest rebound
Oil rebounded on bargain-buying Wednesday after the previous day's plunge but analysts warned any gains would be limited as the global glut showed no...
Microsoft's Gates to start multi-billion-dollar clean tech initiative
Microsoft co-founder Bill Gates will launch a multi-billion-dollar clean energy research and development initiative with heads of state on Monday, the opening day of...
Islamic halal economy set to grow
The halal economy is set to grow as the world's Muslim population expands and more products are certified to comply with Islamic sharia law,...
