Saudi considering lifting export curbs on cement, steel
Saudi Arabia is considering lifting partial export bans on cement and steel to relieve oversupply in the local market, economic news website al-Eqtisadiah quoted...
Saudi businessmen investing $4 billion in projects in Egypt
Saudi businessmen are investing $4 billion in projects including the Suez Canal, energy and agriculture, and have already deposited 10 percent of that sum...
Boeing and Iran airlines in talks on new aircraft sales
U.S. aerospace giant Boeing expressed caution Monday after executives held talks in Iran on providing new aircraft to Iranian carriers last week.
Two months after...
Gulf Air cuts losses by more than 60%
Bahrain's struggling carrier Gulf Air said Wednesday it reduced losses by 62 percent last year as a result of the company's restructuring.
Losses fell from...
Lagarde tells Nigerian lawmakers IMF she does not back FX curbs
International Monetary Fund chief Christine Lagarde told Nigerian lawmakers on Wednesday the Fund does not support foreign exchange restrictions and that any such measures...
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...
Nigeria to split up state-run oil firm
Nigeria is to break up its state-run oil and gas firm into 30 separate companies, the country's junior oil minister announced, as part of...
Riyadh's $22.5 billion Metro project "on track", says governor
A $22.5 billion urban rail and bus system for the congested Saudi Arabian capital is on track, Riyadh's governor said Wednesday, as other projects...
Oil prices hit lowest since 2004 as supply exceeds demand
Brent crude prices hit their lowest in over 11 years on Monday, hounded by a relentless rise in global supply that looks set to...
Lebanon pound sinks to half official rate
For more than 3,000 to the dollar, the Lebanese pound fell in value Wednesday, half the official rate, foreign exchange bureaus said.
Lebanon has suffered...
