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...
Saudi Arabia orders 5% cut in contract spending
Saudi Arabia's government, its finances strained by low oil prices, is opening a fresh austerity drive by ordering ministries to cut their spending on...
Saudi foreign reserves drop further amid low oil price
Saudi foreign reserves dropped further in October as the price of oil remained low, but they fell at slower rate than previous months, according...
Oil ends 2015 in downbeat mood; result to be long and painful
Oil prices headed for a second year of steep losses, despite inching up fractionally in the last trading hours of 2015, as record OPEC...
Professional workers leaving Qatar after layoffs
Five years ago Samer Habib left the United Arab Emirates and moved to Qatar where he opened a restaurant that turned a profit serving...
Saudi central bank to appoint KPMG partner as deputy governor for supervision – sources
The Saudi Arabian Monetary Agency (SAMA) is set to appoint KPMG Saudi Arabia's managing partner Tareq al-Sadhan as its new deputy governor for supervision,...
Price hikes in Egypt bite hard during holy month of Ramadan
Shop owner Hassan Mahmoud laid out his heaps of dried fruits and nuts at a multicolored Ramadan tent in the Egyptian capital to catch...
Dubai to inject capital into Emirates Airline
Emirates Airline, with its vast fleet of 271 wide-body aircraft, is the largest carrier in the Middle East and has huge strategic importance for...
Virusoutbreak further damages Iran’s economy
The escalating Coronavirus outbreak in Iran - the worst-affected country in the Middle East - has killed 3,872 people and infected 62,589.
The outbreak has...
South Korea builder confident of $20 billion Saudi housing deal
A South Korean constructor that jointly won a $20 billion housing deal with Saudi Arabia said Monday it was confident the project would go...
