Lebanon to discontinue paying outstanding Eurobonds
Lebanon, hit by a grinding dollar liquidity crunch amid its worst economic recession in decades, had set the stage for a default on its...
Asian markets fall on oil price dip
Oil prices struggled at seven-year lows Tuesday, sending Asian energy firms plunging in line with their US and European counterparts after OPEC's decision to...
OPEC set for policy rollover, no sign of Saudi cut plan
OPEC (The Organization of the Petroleum Exporting Countries) will likely decide to roll over oil production at its meeting on Friday, sources said, with...
Saudi bourse regulator tightens curbs on anonymous investors
Saudi Arabia's market regulator has further tightened its restrictions on anonymous investors trading shares through brokers, citing the need to prevent money laundering and...
Arab Bank pleased court rejects jury’s verdict on attacks
Jordan-based Arab Bank say it's thankful a New York court ruling brings to a close a civil case American victims of suicide bombings had...
Manchester United seeks to build brand in Asia with Gulf Oil
Manchester United said on Monday it had cut a three-year partnership deal with Gulf Oil International, showing the club's appeal as a global brand...
Purchasing power in Syria drops 80 percent since war: report
Residents of war-torn Syria have seen their purchasing power drop by an estimated 80 percent since the beginning of the country's conflict in 2011,...
Saudi inflation rises to five-year high on subsidy cut
Saudi inflation soared to a five-year high in January after the kingdom made unprecedented cuts to public subsidies and raised fuel prices, a research...
Oil crashes would cost Iraq two-thirds of its net income
Iraq, which relies on oil revenues for more than 90 percent of its revenues, was set to face "vast economic pressures," said Fatih Birol,...
OPEC sees lower 2016 demand for its oil, pointing to higher surplus
OPEC on Monday predicted global demand for its crude oil will be less than previously thought in 2016 as supply from rivals proves more...
