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,...
Lebanon faces economic ‘catastrophe’ according to the new Prime Minister
Debt-ridden Lebanon faces an economic "catastrophe", Prime Minister Hassan Diab said on Wednesday as his newly unveiled cabinet met for the first time.
The U.S....
Lufthansa sees growth opportunities in Saudi Arabia, Oman
German airline Lufthansa sees the Middle East as a chance for growth, namely Saudi Arabia and Oman. As sanctions on Iran have recently eased...
Saudi Prince Mohammed considering subsidy cuts after oil price slump
Saudi Arabia may reduce energy and water subsidies for wealthy citizens among other reforms to diversify its economy away from oil amid a sustained...
Saudi Aramco expects oil prices to rise by end of 2016
Saudi Arabia's state-owned oil giant expects oil prices will climb toward the end the year, saying the current price of around $30 a barrel...
$10 billion Saudi funds boost for Jordan trade
A 40-member Saudi trade delegation has headed for Amman to participate in the Jordanian-Saudi Economic Forum, which concludes on Thursday.
The delegation headed by Mohammed...
Oil falls after Saudi-Venezuela talks
Crude oil prices slid lower Monday, pushing US oil below $30 a barrel, after weekend talks between OPEC kingpin Saudi Arabia and Venezuela dashed...
HSBC whistleblower skips Swiss trial
The Swiss trial against a former HSBC employee who leaked documents alleging the bank helped clients evade millions of dollars in taxes opened Monday,...
