Oil squeeze spreads from Gulf states to banks
Low oil prices are forcing Gulf states to borrow to prop up their economies and are now taking their toll on the region's banks...
European shares slip lower, led by Germany
European shares fell on Tuesday following strong gains in the previous session, with Germany underperforming after reporting industrial orders unexpectedly fell in August.
Data showed...
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...
Egypt devalues pound as foreign currency inflow decline
Egypt's central bank said on Monday it had devalued the Egyptian pound by 14.3 percent to 8.95 to the US dollar to face "challenges"...
Saudi reform plan pleases markets
A sweeping economic reform plan announced by Saudi Arabia on Monday pleased the financial markets but fell short of convincing sceptics that the kingdom...
Oil Price Forecast 2016: Oil Prices Poised to Skyrocket This Year
Oil Price Forecast Is Bullish for Crude in 2016
The majority of oil price forecasts remain pessimistic in the sense that they expect oil prices...
GE announces deals worth over $1.4 billion with Saudi Arabia
General Electric Co. said Monday it made a series of deals with Saudi Arabia worth over $1.4 billion as part of the kingdom's ambitious...
Oil oversupply causes slump, close to seven-year low
World oil prices dived Friday close to a seven-year low, propelled downward by global oversupply and the strong dollar after this week's US interest...
Saudi prince to discuss reform drive in visits to China and Japan
Saudi Arabia's powerful Deputy Crown Prince Mohammed bin Salman will discuss the kingdom's drive to cut its reliance on oil exports in visits to...
A blow in the nerves of Asian markets after China Virus-outbreaks
Asian markets witnessed lower rates on Friday upon the rapid spread of a viral illness in China.
The Coronavirus infection has killed at least 25...
