Samsung flags 15% rise in Q4 operating profit
Samsung Electronics on Friday flagged a 15 percent increase in 2015 Q4 operating profit, rounding off a year in which the world's largest smartphone...
Saudi Arabia offers Egypt $3bn in loans, grants
Saudi Arabia has agreed to provide Egypt with more than $3 billion in loans and grants to support Cairo’s economy.
Speaking on the sidelines of...
Fears for world economy wreak carnage on stocks and oil
World stock markets tumbled and oil plumbed new lows Thursday as investors feared for the global economy on signs of a dramatic slowdown in...
$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...
Lagarde tells Nigerian lawmakers IMF she does not back FX curbs
International Monetary Fund chief Christine Lagarde told Nigerian lawmakers on Wednesday the Fund does not support foreign exchange restrictions and that any such measures...
Saudi-Iran crisis punches another hole in OPEC unity
Escalating diplomatic tensions between Iran and Saudi Arabia have added fresh strains on OPEC's unity as the cartel grapples with a common response to...
Saudi to save $7 billion from energy reforms
Saudi Arabia is expected to save $7 billion a year after it introduced unprecedented energy price rises in a bid to offset the low...
Oil falls to 11-year low, Saudi-Iran row seen making output restraint unlikely
Oil fell to its lowest in more than 11 years on Wednesday, down around 2 percent, as the row between Saudi Arabia and Iran...
Oil prices rise after Saudi Arabia cuts ties with Iran
Oil prices rose in Asia Monday after crude producer Saudi Arabia cut diplomatic ties with Iran following a row over the Saudi execution of...
OPEC December oil output slips, still near record
OPEC oil output fell in December, a Reuters survey found on Tuesday, led by lower supply from Iraq following a record-breaking month in November...
