Asian stocks falter as Fed makes case for possible Dec rate rise
Asian stocks broke a two-day rising streak on Thursday after top U.S. Federal Reserve officials kept the door open to a December interest rate...
Saudi's Arab National Bank places 2 bln riyal sukuk
Saudi Arabia's Arab National Bank has received regulatory approval to raise 2 billion riyals ($533.28 million)through sukuk which will enhance its supplementary capital, it...
Oil revenues down, Algeria calls on energy investors
After a deep slide in oil prices, Algeria's Sonatrach is shifting strategy to offer foreign firms direct negotiations to buy stakes in 20 oil...
Saudi and Russia agree oil output freeze, Iran still an obstacle
Top oil exporters Russia and Saudi Arabia agreed on Tuesday to freeze output levels but said the deal was contingent on other producers joining...
Iran reappoints Hedayatzadeh as boss of Swiss-based oil trading firm
Iran on Tuesday reappointed a former managing director of its Swiss-based trading company as part of a broader reshuffle aimed at bolstering its oil...
Oil prices up in Asia, oversupply hobbles gains
Oil prices rebounded in Asia Wednesday but buying sentiment remains sluggish owing to supply glut woes and a strong dollar.
Traders are waiting for the...
Skype founder gives thumbs-up to European IT sector
Skype co-founder Niklas Zennstrom on Wednesday praised European information technology, saying 2015 had been an "amazing year" for the sector.
"This is the most exciting...
Saudi giant SABIC trades lower after profit drop
Shares of Saudi petrochemical giant SABIC traded almost five percent lower on Monday after the firm reported a drop of 19.57 percent in full-year...
Egypt sees World Bank funds arriving soon, looks for Saudi aid
Egypt expects to receive a $1 billion World Bank loan approved in December once outstanding paperwork is finalised and is negotiating to secure more...
Mobile firm Zain Saudi appoints new chairman
Zain Saudi, the kingdom's third-biggest telecommunications operator, has appointed Prince Naif bin Sultan bin Mohammed bin Saud Al Kabeer as chairman.
The prince will replace...
