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...
New Saudi oil minister believes in low prices and reform
It was January 2016 and oil prices had crashed to their lowest in more than a decade.
Saudi Arabia's health minister, Khalid al-Falih, a favourite...
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...
Saudi to take $10 billion foreign loan
Saudi Arabia will take a $10 billion loan from foreign banks to help close the gap in its state finances from collapsed oil revenues,...
Saudi currency stable despite low oil prices
Saudi Arabia on Monday said its currency was stable despite volatility in the futures market as the kingdom takes unprecedented measures to deal with...
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...
Trump vows to undo Obama's climate agenda in appeal to oil sector
Donald Trump, the presumptive Republican presidential nominee, promised on Thursday to roll back some of America's most ambitious environmental policies, actions that he said...
EasyJet warns on tough journey ahead for airlines
Airlines are facing one of their most challenging periods "for a long time", with peak summer bookings hit by terror attacks and Brexit uncertainty,...
