Gulf braces for austerity as oil income slump hits home
Faced with heavy losses from low oil prices, Gulf states have embarked on belt-tightening measures to cut spending and boost non-crude revenues, but analysts...
Lebanon govt likely to approve budget by mid-March-finance minister
Lebanon's 2018 budget will likely be approved by cabinet before mid-March, its finance minister said on Thursday, as the heavily indebted country seeks to...
Oil-dependent Saudi, Norway sovereign funds selling European shares
The top three oil-dependent sovereign wealth funds have been selling European equity holdings since May, a study showed on Monday, another sign of petrodollars...
IMF gives China's currency prized reserve asset status
The International Monetary Fund admitted China's yuan into its benchmark currency basket on Monday, in a victory for Beijing's campaign for recognition as a...
IMF and other G20 finance VIPs urge action on reforms
Officials at a global finance meeting Friday in Shanghai urged governments to speed up promised job-creating reforms instead of relying on stimulus to perk...
Jubeir confirms warning on proposed U.S. law on 9/11
Saudi Arabia has warned the United States that a proposed U.S. law that could hold the kingdom responsible for any role in the Sept...
Microsoft's Gates to start multi-billion-dollar clean tech initiative
Microsoft co-founder Bill Gates will launch a multi-billion-dollar clean energy research and development initiative with heads of state on Monday, the opening day of...
Riyadh forum big boost for business
Custodian of the Two Holy Mosques King Salman will patronize the 7th Riyadh Economic Forum on Tuesday at Riyadh International Center for Exhibition and...
$30 oil is 'irrational' and a rebound is 'inevitable,' according to Saudi Arabia
Saudi Arabia thinks oil prices at $30 per barrel are “irrational.”
According to a report in The Financial Times, Khalid al-Falih, chairman of the state-owned...
Saudi Telecom takes controlling stake in Kuwait's VIVA
Saudi Telecom Co. (STC) said Monday it has raised its share in Kuwait Telcom Co. (VIVA) to a controlling stake after acquiring 25.8 percent...
