Syria govt limits cash buys to revive the banking sector
The Syrian government issued on Sunday that all property and car sales must be conducted through banks, in an apparent bid to revive the...
Samsung flags 15% rise in Q4 operating profit
Samsung Electronics on Friday flagged a 15 percent increase in 2015 Q4 operating profit, rounding off a year in which the world's largest smartphone...
Oil prices give up gains ahead of Federal Reserve move
Oil prices retreated in Asian trade on Wednesday following fresh indications of growing oversupply ahead of the US Federal Reserve's long-awaited decision on interest...
Qatar acquires stake in Chevron oil project off Morocco
The Qatari state oil company, Qatar Petroleum, says it has reached a deal with Chevron to acquire 30 percent of its stake in offshore...
Saudi unit of auditor Deloitte penalized by market regulator
Saudi Arabia's Capital Market Authority has suspended the local unit of New York-based auditing giant Deloitte from offering its auditing services to the kingdom's...
Saudi King Salman replaces minister for water and electricity
Saudi Arabia's King Salman replaced the minister for water and electricity Abdullah al-Husayen on Saturday with Agriculture Minister Abdulrahman al-Fadhli, who will do the...
Saudi Aramco expects oil prices to rise by end of 2016
Saudi Arabia's state-owned oil giant expects oil prices will climb toward the end the year, saying the current price of around $30 a barrel...
Saudi Arabian firm injects €49 million into Euro Disney
A firm owned by a Saudi prince said Wednesday it has injected 49.2 million euros ($52.37 million) into the struggling Euro Disney theme park...
Apple shares dip 5% as iPhone sales slow
Apple shares sank in opening trade Wednesday, after the company warned that iPhone sales could fall for the first time in the coming quarter.
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Saudi Arabia's stock market pulls back as Egypt stalls
Saudi Arabia's stock market pulled back in early trade on Wednesday as buying in blue chips petered out, while Egypt's market stalled.
The Saudi index...
