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...
Britain's FTSE falls back with Ashtead, travel stocks under pressure
Britain's top stock index retreated after hitting a three-week high earlier in Thursday's session, weighed down by Ashtead and travel stocks hit by rising...
Salam app reports over half a million downloads
DUBAI — Salam – Haj & Umrah Guide has surpassed half a million unique installs from 155 countries around the world. During the last...
Oil prices down as Turkey fears ease
Oil prices extended their decline in Asia Tuesday as the global glut returned to focus, while worries about the effects of Turkey's coup on...
Commodity slump forces Africa to rely on IMF
Falling commodity prices have pushed several African countries back into the embrace of the International Monetary Fund, which has an opportunity to push for...
Oil ends 2015 in downbeat mood; result to be long and painful
Oil prices headed for a second year of steep losses, despite inching up fractionally in the last trading hours of 2015, as record OPEC...
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...
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...
Iran says won't negotiate with OPEC over output hike
OPEC member Iran will not negotiate with the cartel over a planned half million barrels per day oil production hike once sanctions are lifted,...
Egypt's Sisi says won't let the lights go out in Sharm el-Sheik
Egypt's President declared on Wednesday that the 'lights will not be going out in Sharm al-Sheikh', as he visited the Red Sea resort hit...
