MIDEAST STOCKS-Saudi banks rebound after sell-off
Rebounding banking stocks lifted Saudi Arabia's market in early trade on Monday. Egypt's bourse was also positive in thin trade before an extended break.
The...
Iran oil minister says will keep raising production
Iran will continue increasing its oil production and exports until it reaches the market position it enjoyed before the imposition of sanctions, Oil Minister...
Egypt raises price of drinking water
Egypt has raised the price of piped drinking water by up to 45 percent.
Saturday's decision has been published in the country's official gazette.
The rise...
Oil reverses gains as focus returns to global oversupply
Oil prices eased on Tuesday, reversing the previous day’s gains, as the risk premium stemming from the Paris attacks faded, and the focus returned...
Oman records lowest inflation in Gulf region
JEDDAH – Oman recorded the lowest inflation rate at 0.07 percent in August among Gulf Cooperation Council (GCC) states. The highest inflation rate was...
Israel soon to open Abu Dhabi office for renewable energy
Israel's Foreign Ministry says the country will soon open an office at a renewable energy agency in Abu Dhabi, the United Arab Emirates' capital...
Lockheed Martin separating unit, combining it with Leidos
Lockheed Martin is separating its information systems and global solutions unit, combining it with the engineering company Leidos so that it can focus on...
Oil producers struggle with budgets after price collapse
Oil producing countries are scrambling to fill gaping holes in their budgets torn by crashing petroleum prices, with some turning to international lenders for...
Britain's FTSE ends lower as commodity stocks slump
Britain's top share index surrendered its earlier gains and ended lower on Monday, with commodity shares coming under severe pressure after prices of crude...
Kuwait oil strike enters day 3, some output restored
A strike by oil workers that has slashed Kuwait's output entered its third day on Tuesday but the state oil firm said it had...
