Dubai announces $270 million canal project
Officials in Dubai have announced a new, $270-million project to build homes and shops along part of the under-construction Dubai canal.
The project called Marasi...
Oil prices surge on fresh talk of OPEC meeting on glut
Oil prices surged Wednesday on renewed speculation about a potential cut in global production that overshadowed another rise in US crude inventories.
US benchmark West...
Tadawul index edged down 0.4%
Middle East stock markets were mixed on Thursday, supported by oil’s turnaround but also affected by a pull-back in global equities.
Markets in Asia and...
Europe shares fall, Turkish assets hit after jet shot down
European shares followed Asian stocks lower on Monday while a slightly weaker dollar eased the pressure on beleaguered metals that held near multi-year lows.
Turkish...
Funding and regulation challenge Saudi private sector drive
After decades of government-led growth, Saudi Arabia is handing over much of the responsibility for the economy to private firms - a prospect which...
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...
Banks lead Europe shares higher, oil up before Yellen
European stocks rose on Wednesday, rallying after losses in Asia, as concerns about the health of banks that have hammered shares globally in recent...
Post-sanctions Iran invites Boeing for talks
Iran has invited US plane manufacturer Boeing for talks on modernising its fleet, Transport Minister Abbas Akhoundi said Thursday, weeks after Tehran's nuclear deal...
Liquidity crisis, jobs at risk at Middle East airlines
The International Air Transport Association (IATA) said on Thursday that Middle East airlines are facing a liquidity crisis and hundreds of thousands of jobs...
Russia eyes global deal on oil output in April, Iran seen exempt
A global deal to freeze oil production could be signed in April and exclude Iran, which has the right to boost output after years...
