Hezbollah opposes IMF management amid Lebanon’s crisis
Facing a huge public debt burden and a liquidity crunch, the government on Tuesday appointed international investment firm Lazard and law firm Cleary Gottlieb...
Oil-rich Congo's Sassou to boost budget in election year
Congo Republic plans to increase its budget by more than a third this year despite low oil prices, according to a draft report seen...
Israel seeks 'solution' over Egypt gas row
Israel announced Tuesday that it was sending an envoy to Cairo to find a solution after Egyptian firms were ordered to pay $1.76 billion...
Oil edges back above $30
Oil prices rose above $30 on Tuesday after briefly dipping below the psychological barrier as the market was beset with worries about the global...
Saudi Arabia and Egypt agree to build bridge over Red Sea
Saudi King Salman announced Friday an agreement with Egypt to build a bridge over the Red Sea connecting the two countries, on the second...
Turkey and Iran seek to 'manage differences', boost trade
Turkey and Iran, two countries on opposite sides of Syria's civil war, must develop a "common perspective" in order to end sectarian strife in...
Toshiba leads laptop market in the kingdom
Toshiba laptop computers are dominating the Saudi Arabian market, being the number one choice of consumers, according to a recent report.
Toshiba Gulf secured the...
Saudi-US companies sign several cooperation pacts
A number of economic agreements and partnerships were signed between Saudi companies and establishments and their American counterparts during the Saudi-American Investment Forum organized...
Abu Dhabi awards Japan’s INPEX stake in oil concession
Abu Dhabi's state energy company ADNOC said Monday it had awarded Japan's INPEX a 10 percent stake in an offshore oil concession, in a...
Oil price to fall further as market 'could drown in over-supply'
The oil price is set to fall further this year as supply vastly exceeds demand, with major oil exporter Iran's return to the market...
