Britain raises minimum wage
Britain's Conservative government raised the minimum wage by 7.5 percent on Friday in a move denounced by critics as largely symbolic in an era...
Oil prices hold steady
Oil steadied Thursday as traders digested rising crude inventories and falling output in the United States, alongside hopes that talks among major producers could...
Fears for world economy wreak carnage on stocks and oil
World stock markets tumbled and oil plumbed new lows Thursday as investors feared for the global economy on signs of a dramatic slowdown in...
Erdogan aide calls for nationalisation of Turkey's Isbank
An aide to Turkish President Tayyip Erdogan has called for the nationalisation of the country's biggest private bank, Isbank, in which the main opposition...
Saudi to stick with its long-term oil strategy
Saudi Arabia's planned cuts in spending and energy subsidies signal that the world's largest crude exporter is bracing for a prolonged period of low...
Abu Dhabi sees strong demand for $5 billion bond offer
Abu Dhabi said Tuesday that it had seen strong investor interest in a $5 billion issuance of sovereign bonds, the first by the oil-rich...
Lebanon PM urges Saudi to reconsider aid package suspension
Lebanon's Prime Minister Tammam Salam on Friday urged Saudi Arabia to "reconsider" the suspension of a $3 billion aid package to its army to...
Oil prices hold steady in Asia
The rally in oil prices extended into Asian trade Friday, a day after the main US contract broke $40 for the first time this...
IMF cuts global growth outlook again, warns of political risks
The International Monetary Fund warned on Tuesday of the risk of political isolationism, notably Britain's possible exit from the European Union, and the risk...
New measures implmented to target ‘unethical’ online news portals
Electronic newspapers in Saudi Arabia are facing difficult times with the Ministry of Culture and Information announcing plans to implement a comprehensive corrective campaign...
