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...
Oil prices rise in Asia as Doha meeting and U.S. report loom
Crude prices edged down in Asia Monday following last week's gains that were fuelled by data showing a drop in US production, while traders...
Expectations of Saudi oil shake-up stir uncertainty
A shake-up of Saudi Arabia's oil leadership by King Salman has introduced a new element of unpredictability to its energy policymaking at a moment...
Qatar gas tanker helps vary Poland's energy supplies
The first-ever gas carrier from Qatar arrived in Poland on Friday to help the eastern EU member diversify its energy supplies and reduce its...
Erdogan asks Turks to help prop up plunging lira
Turkish President Recep Tayyip Erdogan on Saturday urged compatriots to change their foreign currency to the lira to help prop up the embattled currency.
"My...
Saudi unit of auditor Deloitte penalized by market regulator
Saudi Arabia's Capital Market Authority has suspended the local unit of New York-based auditing giant Deloitte from offering its auditing services to the kingdom's...
Lebanon witness a currency crash
Lebanon's pound, which has lost more than half its value since October, slid to record lows on a parallel market over the past week,...
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...
Saudi central bank to appoint KPMG partner as deputy governor for supervision – sources
The Saudi Arabian Monetary Agency (SAMA) is set to appoint KPMG Saudi Arabia's managing partner Tareq al-Sadhan as its new deputy governor for supervision,...
