Bad Saudi PR fuels riyal devaluation talk
Speculation that Saudi Arabia could devalue its currency may owe more to a poor public relations effort by Saudi authorities than to the economic...
Saudi Arabia foils large-scale fuel smuggling bid
Saudi Arabia, whose subsidised fuel prices are among the world's lowest, said Thursday it foiled a large-scale attempt to illegally export diesel fuel.
Nine million...
Apple Pay expands as it vies for broader acceptance
Apple's year-old mobile-payments service is expanding to more countries, banks and merchants, as it faces growing competition and some challenges before it becomes as...
Egypt devalues pound as foreign currency inflow decline
Egypt's central bank said on Monday it had devalued the Egyptian pound by 14.3 percent to 8.95 to the US dollar to face "challenges"...
Oil prices rebound after slump
Oil prices rebounded slightly on Tuesday despite lingering market concerns regarding oversupplies.
US benchmark West Texas Intermediate for delivery in December rose 37 cents to...
U.S. Secretary Kerry offers support to struggling Tunisia
U.S. Secretary of State John Kerry is in Tunisia for economic and security talks to show support for the North African nation's fledgling democracy.
Kerry...
Samsung Galaxy Note 5 & S6 edge+ now available at KSA axiom stores
The Samsung Galaxy Note5 and S6 edge+, the latest flagship devices in the global smartphone leader’s family have hit axiom stores early.
Retailing at a...
Oil prices rebound along with stocks
Oil prices rose Tuesday, benefitting from the same bounce that lifted equity markets which had been sagging since Britain's surprise decision to leave the...
Europe shares fall, Turkish assets hit after jet shot down
European shares followed Asian stocks lower on Monday while a slightly weaker dollar eased the pressure on beleaguered metals that held near multi-year lows.
Turkish...
Algerian billionaire Rebrab buys media group
Algerian billionaire Issad Rebrab, the country's wealthiest entrepreneur, has bought the El Khabar media group for around 40 million euros ($45 million), the group...
