Saudi stocks plunge 6.9% on Sunday
-Stock markets in the petrodollar-dependent Persian Gulf tumbled Sunday to multimonth lows, spooked by sharply lower oil prices and a global equities selloff on...
UAE Etisalat sees 8% profit drop in Q1
UAE telecom giant Etisalat said Tuesday that its net profit dropped by eight percent to two billion dirhams ($545 million) in the first quarter...
Focus on jobs at heart of Saudi reforms
Saudi Arabia plans to spend billions of riyals on technical training and other initiatives to boost the number of its citizens in private sector...
More Russian oil drilling shows its resolve to OPEC
Russian oil firms are drilling more, showing the world's top crude producer is ready for a longer fight for market share with OPEC, as...
MIDEAST STOCKS-Saudi banks rebound after sell-off
Rebounding banking stocks lifted Saudi Arabia's market in early trade on Monday. Egypt's bourse was also positive in thin trade before an extended break.
The...
$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...
Najib says foreign investors keen on Malaysia despite "noise"
Prime Minister Najib Razak said on Wednesday that investor confidence in Malaysia is high and blamed the rising "noise levels" for a negative perception...
Algeria’s public debt rises to 45% of GDP
Algeria has been under financial pressure after a fall in energy earnings and foreign exchange reserves amid growing demands from the country's 43 million...
Oil price faces fresh downturn as Saudi and Russia tussle in Europe
A sales push by Saudi Arabia into north Europe's refineries, a step into rival Russia's backyard, piles fresh pressure on oil prices already struggling...
Russia sees oil price of $45-$50 per barrel 'acceptable' as it prepares for freeze...
Russia believes an oil price at $45-$50 per barrel is acceptable for the global oil market to balance, as it prepares to meet leading...
