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...
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...
Turkey’s central bank raises rates again, says ready to tighten further
Turkey's central bank ramped up its benchmark interest rate to 17.75 percent on Thursday, taking another step to assert its independence, two weeks after...
The impact of Coronavirus on UK stocks
Following a surprise interest rate cut by the U.S. Federal Reserve, UK stocks ranked lower on Wednesday as investors worried about the extent of...
HSBC whistleblower skips Swiss trial
The Swiss trial against a former HSBC employee who leaked documents alleging the bank helped clients evade millions of dollars in taxes opened Monday,...
OPEC set for policy rollover, no sign of Saudi cut plan
OPEC (The Organization of the Petroleum Exporting Countries) will likely decide to roll over oil production at its meeting on Friday, sources said, with...
Saudi Arabia foils large-scale fuel smuggling bid
Saudi Arabia, whose subsidised fuel prices are among the world's lowest, said Thursday it foiled a large-scale attempt to illegally export diesel fuel.
Nine million...
Oil in 'tumultous' week after output freeze deal
The oil market was gripped this week by an output freeze deal between the world's top two producers Saudi Arabia and Russia.
Prices initially rebounded...
EXIM backers vow to defeat U.S. House amendments to gut trade bank
Export-Import Bank said on Tuesday they can defeat a barrage of proposed amendments aimed at gutting the trade lender's ability to aid large companies...
Saudi forex reserves stabilize at $659.5b
Saudi Arabia has managed to keep the level of its foreign exchange reserves stable at $659.5 billion at the end of October, according to...
