Oil prices rise after Saudi Arabia cuts ties with Iran
Oil prices rose in Asia Monday after crude producer Saudi Arabia cut diplomatic ties with Iran following a row over the Saudi execution of...
Oil price to start slow recovery in 2017, says International Energy Agency
World oil prices are unlikely to rise from current levels before 2017, and even then their recovery will be slow as massive oil stocks...
Horse Racing-Dubai World Cup prize money raised to $12 mln
Dubai's ruler on Wednesday increased the Dubai World Cup purse to $12 million, maintaining its status as one of the world's richest horse races.
The...
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...
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...
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...
Oil price to fall further as market 'could drown in over-supply'
The oil price is set to fall further this year as supply vastly exceeds demand, with major oil exporter Iran's return to the market...
