Saudi Arabia plans new sovereign wealth fund
Saudi Arabia plans to create a new sovereign fund to manage part of its oil wealth and diversify its investments, and has asked investment...
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...
Marriott buys rival hotel chain Starwood for $12.2 billion
Marriott International is buying rival hotel chain Starwood for $12.2 billion in a deal that will secure its position as the world's largest hotelier.
The...
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...
Coronavirus economic impact discussions; Saudi crown prince and UK’s PM
Al Arabiya television said on Sunday, that Saudi Arabia's Crown Prince Mohammad Bin Salman and British Prime Minister Boris Johnson discussed how to reduce...
Saudi-backed shipping line UASC resumes Iran business
United Arab Shipping Company is resuming business with Iran following the lifting of Western sanctions, despite the deep-seated political rivalry between the Islamic Republic...
China says it will keep 2016 economic growth in 'reasonable' range
Chinese leaders, meeting ahead of an agenda-setting conference, pledged on Monday to keep the country's economic growth in a "reasonable range" in 2016 by...
Oil blues see 7% Tadawul drop
JEDDAH: The Saudi stock market plunged nearly 7 percent on Sunday in relentless selling sparked by falling oil prices and a decision by Fitch...
Tadawul index edged down 0.4%
Middle East stock markets were mixed on Thursday, supported by oil’s turnaround but also affected by a pull-back in global equities.
Markets in Asia and...
Gulf may stabilize as global background improves
Gulf stock markets may consolidate with a positive bias on Thursday after oil prices and global equities steadied on hopes that the devaluation of...
