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...
Saudi plans spending cuts, reforms to shrink budget deficit
Saudi Arabia, its finances hit by low oil prices, announced plans to shrink a record state budget deficit with spending cuts, reforms to energy...
Saudi video game developers prosper as demand grows
NPR reports: The Middle East has one of the world's fastest growing communities of online video gamers. With a majority of the population younger...
US Solar Technology Firm Successfully Partners With Saudi Arabian Investor
Solexel, a leading US-based producer of high-performance solar PV technology, has successfully finalised a round of financing that included Riyadh Valley Company, the venture...
Food prices across Syria increased by 20 percent between March and April
In Syria, food prices have doubled in the past year to record levels, largely due to the Lebanese financial crisis and the novel Coronavirus,...
Falih slowly wins back OPEC for Saudis
Russian oil billionaire Vagit Alekperov isn't easily swayed, but Saudi Arabia's new Energy Minister Khalid al-Falih achieved it this week.
Intense diplomacy by the soft-spoken...
Egypt’s working poor suffer Virusoutbreak
One third of Egypt's population of more than 100 million lives in poverty, surviving on about $1.50 or less a day.
For many who were...
Oil crashes would cost Iraq two-thirds of its net income
Iraq, which relies on oil revenues for more than 90 percent of its revenues, was set to face "vast economic pressures," said Fatih Birol,...
MIDEAST STOCKS-Oil weakness may dampen Gulf, land tax plan hit Saudi
Oct 20 Middle East stock markets may be soft on Tuesday because of weak oil prices and global equity markets, while progress towards imposing...
Lebanon currency in free-fall amid political impasse
BEIRUT (AP) — Lebanon's currency continued its downward spiral Wednesday, reaching a new low before the dollar and raising such alarm that it prompted...
