Emergency $5 billion loan as virus deaths climb to 429 in Iran
To help fight the spread of a new virus that’s swept across the country infecting more than 10,000 people and killing hundreds, Iran said...
OECD calls for reforms to wake up growth
With little hope for the world economy picking up pace soon, governments must tackle reforms at home to kickstart growth, the OECD said on...
Oil-rich Congo's Sassou to boost budget in election year
Congo Republic plans to increase its budget by more than a third this year despite low oil prices, according to a draft report seen...
Libya cuts oil output by up to 120,000 bpd due to power problems
Libya's National Oil Corp on Wednesday cut oil production by about 120,000 barrels a day as its eastern subsidiary AGOCO faced power problems due...
IMF chief calls for reforms in Gulf amid low oil prices
On a trip through a Gulf squeezed by low oil prices, the head of the International Monetary Fund repeatedly called on countries to cut...
Oil prices trading below $43 in Asia
Oil prices traded below $43 in Asia on Friday as U.S. markets took a break for Thanksgiving and Russia ruled out a military strike...
Obama: U.S. and Gulf states will work together to deal with low oil prices
The United States and Gulf oil producers will work together to lessen the impact of low oil prices, President Barack Obama said in Riyadh...
Online iqama services drive local agents out of business
JEDDAH: The new online service of Passport Department, including renewal of residence permits and other procedures related to expatriate workers, closed the door of...
Microsoft to buy LinkedIn for $26.2 bln
Microsoft Corp agreed to buy LinkedIn Corp for $26.2 billion in its biggest-ever deal, combining the software giant's fast-growing cloud services business with the...
Saudi-Iran crisis punches another hole in OPEC unity
Escalating diplomatic tensions between Iran and Saudi Arabia have added fresh strains on OPEC's unity as the cartel grapples with a common response to...
