Davos chief: Europe, oil among worries
As leaders from the world of politics and business arrive Tuesday in droves for the start of the World Economic Forum in the Swiss...
Shell expects 4th Q profits to drop by at least 40 percent
Royal Dutch Shell expects its fourth quarter profits to drop by at least 40 percent to between $1.6 billion and $1.9 billion after a...
Gulf banks eyeing prospects in Iran
Gulf banks including Dubai's largest lender Emirates NBD are already meeting prospective clients and taking legal advice about entering Iran's financial system now that...
IMF cuts Saudi growth forecast on oil slide
Growth in OPEC heavyweight Saudi Arabia will slow to its lowest rate in seven years, the International Monetary Fund said Tuesday, as oil prices...
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...
Shell quits gas project in Abu Dhabi
Royal Dutch Shell is exiting a key natural gas project in Abu Dhabi owing to the collapse in global energy prices, the oil giant...
Iran issues order to boost oil production by 500,000 bpd
Iran has issued an order to increase crude oil production by 500,000 barrels a day, the deputy oil minister was quoted as saying on...
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...
Richest 62 people own same as half world's population – Oxfam
The wealthiest 62 people now own as much as half the world's population, some 3.5 billion people, as the super-rich have grown richer and...
Oil slides to lowest since 2003 as Iran sanctions lifted
Oil prices hit their lowest since 2003 on Monday, as the market braced for a jump in Iranian exports after the lifting of sanctions...
