Iran files complaint with ICJ to recover $2 billion frozen in US
Iran has filed a formal complaint with the International Court of Justice to recover nearly $2 billion in assets frozen in the United States,...
Saudi Arabia's stock market pulls back as Egypt stalls
Saudi Arabia's stock market pulled back in early trade on Wednesday as buying in blue chips petered out, while Egypt's market stalled.
The Saudi index...
Oil surges to 2016 highs on reported Saudi-Russian deal
Oil prices surged Tuesday to 2016 highs on reports of an agreement between Saudi Arabia and Russia on freezing output.
US benchmark West Texas Intermediate...
Warren Buffett says US economy weaker than he expected
Billionaire Warren Buffett says the U.S. economy appears weaker than he thought it would be as recently as last fall, but that doesn't change...
Saudi Arabia to host first international meet to boost mining & minerals sector
Saudi Arabia is organizing its first ever international mining and minerals conference and exhibition in a bid to boost a sector that offers $19...
Saudi job creation dries up as oil price slumps
Saudi Arabia's plans for economic reform foresee winding down 'jobs for life' in an inefficient state bureaucracy and replacing them with new careers in...
Kuwait to launch free economic zone on islands
Kuwait has said it will establish a free economic zone on five islands close to the shorelines of regional heavyweights Iraq and Iran with...
Qatar National Bank in $2.95 bn deal for Finansbank
Qatar National Bank said Tuesday it has agreed to buy a Turkish subsidiary of the National Bank of Greece for $2.95 billion (2.7 billion...
Saudi posts record $98 billion deficit in 2015
OPEC kingpin Saudi Arabia posted a record $98 billion budget deficit in 2015 due to the sharp fall in oil prices, the finance ministry...
Qatar fund sells 10% stake in Hochtief for 540M euros
Qatar's sovereign wealth fund says it has sold off its roughly 10 percent stake in German construction firm Hochtief for about 540 million euros...
