Saudi 2016 growth to slow as debt rises and reserves drop
Saudi economic growth is set to slow further in 2016 after the OPEC heavyweight announced record deficits due to the slump in oil prices,...
Saudi issues new Islamic sukuk to finance budget
Saudi Arabia said Tuesday it has completed the issuance of a new Islamic sukuk sale to help finance its budget deficit as the kingdom...
Venezuela sending new proposals to OPEC and non-OPEC producers
Venezuela is sending new proposals to leaders of OPEC and non-OPEC countries to stabilize the oil market, President Nicolas Maduro said in a televised...
Saudi Arabia presents plan to move beyond oil
Saudi Arabia outlined ambitious plans on Monday to move into industries ranging from information technology to health care and tourism, as it sought to...
Saudi Arabia orders 5% cut in contract spending
Saudi Arabia's government, its finances strained by low oil prices, is opening a fresh austerity drive by ordering ministries to cut their spending on...
Lebanon to review bids from financial and legal advisers
On Friday Lebanon will review proposals from firms bidding to be its financial and legal advisers.
The financial and legal advice revolve around options for...
Europe shares rise as firm dollar takes shine off euro
European shares started the week strongly on Monday, buoyed by gains on Wall Street and a weaker euro, while the dollar rose after upbeat...
Uber to expand Africa operations
Uber is expanding in Africa.
The ride-hailing company said Thursday that it plans to start operating in the capitals of Ghana, Uganda and Tanzania within...
ABN Amro fined for lax money laundering measures in Dubai
Dutch bank ABN Amro has been fined more than 1 million euros for "serious shortcomings" in procedures to prevent money laundering at its private...
Sterling dips below $1.50 for first time since April
Sterling dipped below $1.50 for the first time since April on Monday after a policymaker warned about the impact of a strong pound on...
