BlackBerry's results beat expectations as shares rise
BlackBerry reported quarterly results Friday that beat Wall Street expectations, even as revenue fell sharply.
Shares of the smartphone maker rose almost 4 percent in...
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 and UAE shares rise on interest rate hike
Markets in Saudi Arabia and the United Arab Emirates rallied Thursday after their countries followed the US Federal Reserve by hiking interest rates, but...
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...
Saudi Arabia will support Egypt despite oil price lowering
The drop in global oil prices will not deter Saudi Arabia from supporting Egypt's economy, its ambassador said on Thursday, adding Riyadh's support would...
UN moves to restrict ISIS finances
Russian President Vladimir Putin threw his support Thursday behind a US-backed measure at the UN Security Council to ramp up sanctions against ISIS and cut...
Qatar forecasts $12.77 billion budget deficit
Energy-rich Qatar has forecast a budget deficit of more than $12 billion in 2016, citing a sharp drop in oil and gas prices, local...
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...
Saudi to boost aid and investment in Egypt
Saudi Arabia has pledged a total of eight billion dollars in investment and aid to Egypt over the next five years, as Riyadh looks...
Oil prices give up gains ahead of Federal Reserve move
Oil prices retreated in Asian trade on Wednesday following fresh indications of growing oversupply ahead of the US Federal Reserve's long-awaited decision on interest...
