Oman funds Iran's Khodro sign MoU for $200 million auto venture
An Omani sovereign wealth fund has signed an understanding with Iran's biggest auto maker, Iran Khodro Industrial Group, to study a proposal for a...
Iraq passes bill to unlock funds for cash-strapped state
Iraqi lawmakers Wednesday passed a crucial bill allowing the country to finance a widening fiscal deficit amid an unprecedented economic crisis spurred by falling...
Oil will blow past $80 a barrel in 2016
The next big move in the price of oil will be up. For now, OPEC producers are flooding the market with cheap crude. But...
IEA sees bear oil market as stocks balloon
The world is awash with oil having built record stockpiles in recent months and slowing demand growth combined with resilient non-OPEC supply could worsen...
Saudi Arabian firm injects €49 million into Euro Disney
A firm owned by a Saudi prince said Wednesday it has injected 49.2 million euros ($52.37 million) into the struggling Euro Disney theme park...
Saudi shares dive after deficit announcement
Saudi shares dived at the start of trading Tuesday a day after the oil-rich kingdom announced a record $98 billion deficit this year and...
President Mugabe donates 300 cows to African Union
Zimbabwean President Robert Mugabe has donated 300 cattle to the African Union to help it become less dependent on outside donors, a legislator said...
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...
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 to average just over $40 in 2016
Oil prices will average just over $40 this year, the biggest cut to monthly forecasts in a year, as an influx of Iranian barrels...
