Rebound-hopes in Asian markets following virus impact
As hopes the deadly new Coronavirus will have only a short-term impact on corporate earnings and economic growth prevailed, Asian markets rebounded Wednesday.
US and...
Lebanon's central bank says political deadlock hurting economy
It is essential that Lebanon's parliament meets soon to pass laws for development loans, debt issuance and banks, the central bank governor said on...
Saudi Arabia opens retail sector to more foreign investment
Saudi Arabia has approved rules opening its retail sector to greater foreign investment, official media said on Tuesday, as part of wide-ranging economic reforms.
The...
Nasser Confirmed as New Saudi Aramco President
A veteran executive with oil giant Saudi Aramco, Amin Nasser, has been confirmed as the company's president, the Dhahran-based firm said Thursday.
Nasser had been...
Libyan dinar slides more amid continued political deadlock
Libya's dinar has plunged to a new low on the black market amid continued political deadlock in this oil-rich country.
Traders were selling the dinar...
Gaza factories are back for the first time in years
In a rare economic lifeline in the coastal territory, sewing factories in the Gaza Strip are back to working at full capacity for the...
Nigeria's President Buhari in Saudi for oil talks
The leader of Africa's number one oil producer was in Saudi Arabia Tuesday, with analysts forecasting his country's eventual support for an output freeze...
Lebanon rescue plan amid soaring Inflation, unemployment and poverty
Lebanon is seeking IMF help and wants to restructure around $90 billion in debt to tackle a fiscal crisis that has prompted a sovereign...
European stocks rebound strongly
European stock markets rebounded strongly Thursday following gains on Asian and US indices after the Federal Reserve suggested a likely US interest rate increase...
IMF cuts Saudi growth forecast on oil slide
Growth in OPEC heavyweight Saudi Arabia will slow to its lowest rate in seven years, the International Monetary Fund said Tuesday, as oil prices...
