Iran central bank takes steps to shore up rial
Iran's central bank on Thursday announced a hike in deposit rates in a bid to shore up the value of the rial, after police...
Egypt, Sudan: Ethiopia won’t fill disputed dam before accord
CAIRO (AP) — The leaders of Egypt, Sudan and Ethiopia have agreed that Ethiopia will refrain from filling its new hydroelectric dam on the...
No decision yet on OPEC and non-OPEC meeting
OPEC has not yet scheduled any talks with Russia and other non-OPEC countries aimed at supporting oil prices, two OPEC delegates said on Tuesday...
Saudi and UAE shares rise on interest rate hike
Markets in Saudi Arabia and the United Arab Emirates rallied Thursday after their countries followed the US Federal Reserve by hiking interest rates, but...
Saudi construction company Binladin terminates 50,000 jobs
Construction company Saudi Binladin Group has laid off 50,000 staff, a newspaper reported on Friday, as pressure on the industry rises amid government spending...
Iraq oil overtakes Saudi in Europe as OPEC battles rage on
A market share battle between Russia and OPEC oil producers in Europe is intensifying as Iraq has overtaken Saudi Arabia as the second largest...
Saudi Arabia offers Egypt $3bn in loans, grants
Saudi Arabia has agreed to provide Egypt with more than $3 billion in loans and grants to support Cairo’s economy.
Speaking on the sidelines of...
Qatar gas tanker helps vary Poland's energy supplies
The first-ever gas carrier from Qatar arrived in Poland on Friday to help the eastern EU member diversify its energy supplies and reduce its...
Row over sandy tracks hits Spain-Saudi rail project
It is the biggest contract Spanish firms have ever undertaken abroad, a high-speed railway linking Islam's holiest cities, Makkah and Medina, in Saudi Arabia...
European shares slip lower, led by Germany
European shares fell on Tuesday following strong gains in the previous session, with Germany underperforming after reporting industrial orders unexpectedly fell in August.
Data showed...
