Amid airport closure, Lebanon banks halt dollar withdrawals
On Monday, long queues formed outside several banks north of the capital as monthly salaries came through after two weeks of ongoing home confinement.
A...
Shift in Saudi oil thinking deepens OPEC split
As OPEC officials gathered this week to formulate a long-term strategy, few in the room expected the discussions would end without a clash. But...
Microsoft's Gates to start multi-billion-dollar clean tech initiative
Microsoft co-founder Bill Gates will launch a multi-billion-dollar clean energy research and development initiative with heads of state on Monday, the opening day of...
Saudi-backed shipping line UASC resumes Iran business
United Arab Shipping Company is resuming business with Iran following the lifting of Western sanctions, despite the deep-seated political rivalry between the Islamic Republic...
President Mugabe donates 300 cows to African Union
Zimbabwean President Robert Mugabe has donated 300 cattle to the African Union to help it become less dependent on outside donors, a legislator said...
Oil prices rise after Saudi Arabia cuts ties with Iran
Oil prices rose Monday on Middle East supply risks after Saudi Arabia cut diplomatic ties with Iran.
At about 1230 GMT, US benchmark West Texas...
Warren Buffett says US economy weaker than he expected
Billionaire Warren Buffett says the U.S. economy appears weaker than he thought it would be as recently as last fall, but that doesn't change...
Saudi Arabia to raise domestic petrol prices by 'up to 40%'
Saudi Arabia will raise domestic petrol prices by up to 40 per cent, AFP has reported, citing the kingdom's state press agency, SPA.
Initial reports...
Sikorsky to explore helicopter production in Saudi Arabia
Saudi Arabia's Taqnia Aeronautics and Sikorsky, owned by U.S. company Lockheed Martin, have agreed to look at producing Black Hawk helicopters in the kingdom,...
OPEC, non-OPEC discuss risk to oil investment, no output cuts
A meeting of oil experts from OPEC and non-member countries discussed the risk that low oil prices would reduce investment in new supplies but...
