Hundreds of businesses shutting down in Lebanon
More than 220,000 jobs in the private sector have been shed since mid-October when protests fueled by worsening economic conditions erupted against the political...
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...
Google parent Alphabet may soon top Apple's market value
With the digital advertising market booming and demand for smartphones waning, Google's parent company, Alphabet Inc., is poised to dethrone Apple as the world's...
IEA expects limited impact from oil output freeze at Doha
A deal to freeze oil production by OPEC and non-OPEC producers will have a limited impact on global supply and markets are unlikely to...
Saudi Arabia to allow full foreign ownership in retail
Saudi Arabia will ease restrictions on foreign investors to let them own 100 percent of retail and wholesale businesses, the government said on Sunday...
Saudi Arabia: fossil fuels are still needed
Leading crude exporter Saudi Arabia supports efforts to limit global warming but believes fossil fuels should remain part of the world energy mix, Oil...
Oil prices fall further in Asia
Oil prices extended losses in Asia Thursday following a rise in US commercial crude stockpiles, while traders turned cautious ahead of a crunch producers'...
Shell reports 44 percent drop in 4th quarter earnings
Royal Dutch Shell said fourth-quarter earnings tumbled 44 percent as the collapse in oil prices took its toll on another European oil company.
Profit adjusted...
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...
Lebanese banks that can’t increase capital must leave market
BEIRUT (Reuters) - Lebanese banks that cannot increase their capital by 20% by the end of February 2021 will have to get out of...
