South Korea builder confident of $20 billion Saudi housing deal
A South Korean constructor that jointly won a $20 billion housing deal with Saudi Arabia said Monday it was confident the project would go...
Sale of Dogan set to tighten Erdogan’s grip over Turkish media
Turkey's Dogan Holding has started talks to sell its $890 million media arm to an unlisted firm seen as close to Tayyip Erdogan, a...
Coronavirus economic impact discussions; Saudi crown prince and UK’s PM
Al Arabiya television said on Sunday, that Saudi Arabia's Crown Prince Mohammad Bin Salman and British Prime Minister Boris Johnson discussed how to reduce...
Lebanese dollar reserves recover from last year’s crisis
The Lebanese central bank's dollar reserves grew in early 2018, recovering from a decline during a political crisis last year that pushed up interest...
Dubai's Emirates sees 9% passenger growth in 2015
Dubai's Emirates airlines carried 51.3 million passengers in 2015, up nine percent from last year, the company said Wednesday.
CEO Tim Clark said the year...
Russia says Saudis proposing global oil production cut
Russia said on Thursday that OPEC's largest producer Saudi Arabia, had proposed oil production cuts of up to 5 percent in what would be...
Oil price faces fresh downturn as Saudi and Russia tussle in Europe
A sales push by Saudi Arabia into north Europe's refineries, a step into rival Russia's backyard, piles fresh pressure on oil prices already struggling...
Saudi banks Q3 results to reflect growing challenges
Stronger challenges facing Saudi Arabian banks are likely to be reflected in third-quarter results as earnings are hit by weak stocks, more delayed payments...
Gulf banks are limiting their lending to minimize losses
Gulf central banks have introduced stimulus measures worth tens of billions of dollars including loan repayment holidays to distressed businesses and individuals and fee...
South Africa's Zuma in Saudi to expand economic ties
South African President Jacob Zuma called for strengthening his country's economic ties with Saudi Arabia, during a visit to the kingdom on Sunday.
"While our...
