Saudia eyes Asian ventures, low-cost unit under 2020 plan
Saudia is open to forging joint-venture (JV) agreements with unspecified Asian carriers as its five-year turnaround plan moves from a predominantly restructuring phase into...
Oman to raise taxes and gas prices amid global oil slump
Oman is going to cut government spending and also raise taxes and gasoline prices to cover an anticipated budget shortfall in the coming year.
That's...
Global stocks rise but oil, Fed keep investors nervous
Stocks rose in Europe and Asia on Tuesday, though volatile oil prices kept investors cautious before a widely anticipated increase in U.S. interest rates...
Tackling the economic crisis in Lebanon, PM meets finance delegation
On a step to assist the debt-ridden country and rescue its moribund economy, a delegation from the World Bank's private lending arm is due...
Politicians and celebs deny abuse of offshore accounts
The president of Ukraine became the latest prominent politician to deny wrongdoing Wednesday after his name was linked to secretive offshore accounts arranged by...
GE announces deals worth over $1.4 billion with Saudi Arabia
General Electric Co. said Monday it made a series of deals with Saudi Arabia worth over $1.4 billion as part of the kingdom's ambitious...
OPEC November oil output rises, led by Saudi Arabia and Iraq
OPEC oil output has risen in November from the previous month, a Reuters survey found on Monday, led by a rebound in Iraqi exports...
Saudi Naimi says global oil demand can absorb Iran output jump
Saudi Arabian oil minister Ali al-Naimi said on Friday growing global demand could absorb an expected jump in Iranian production next year while the...
ECB outlook hit euro, lift stocks, oil drops before OPEC
The dollar hit its strongest since mid-March against a basket of its peers on Monday, at the start of a week likely to highlight...
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,...
