Oil plunges more than 6% as Brexit looms
World oil prices plunged more than 6.0 percent in Asia Friday after early results of a historic vote showed Britain increasingly moving towards bolting...
Apple to show off new iPhones with T.V display
With its highly profitable iPhone due for an upgrade, Apple is expected to unveil a pair of new handsets at an event in San...
Iran offers no action in support of global oil pact
Iran on Wednesday stopped short of offering to restrain oil output as part of a global pact to freeze production to prop up prices,...
Egypt devalues pound as foreign currency inflow decline
Egypt's central bank said on Monday it had devalued the Egyptian pound by 14.3 percent to 8.95 to the US dollar to face "challenges"...
Stocks, dollar and oil cool ahead of Doha meeting
Reassuring Chinese GDP data helped stocks, commodity markets and the dollar consolidate strong weekly gains on Friday, as focus turned to a meeting of...
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...
Iraq, U.S. Exim Bank to sign $3 billion agreement
The U.S. Exim Bank plans to extend Iraq a $3 billion credit line to help rebuild the country after the war with Islamic State,...
Saudi-Iran tensions may threaten any OPEC deal
OPEC's thorniest dilemma of the past year - at least from a purely oil standpoint - is about to disappear.
Less than six months after...
Brent oil hits 4-month high on reports of output freeze deal
Global oil prices hit four-month highs on Tuesday, hovering just under $45 a barrel after a report that top producers Russia and Saudi Arabia...
Jeddah water project phase-II to be over by mid-2016
JEDDAH: Jeddah’s water shortage woes will be considerably over by the middle of next year, as the second phase of the project with a...
