Kurdistan government needs support to plug $100 million monthly deficit
The Kurdistan Regional Government (KRG) in Iraq needs budget support to plug a monthly deficit of $100 million and would accept any conditions that...
Saudi central bank foreign assets fall 1 pct in August
Oct 5 Net foreign assets at Saudi Arabia's central bank fell 1 percent from the previous month to 2.455 trillion riyals ($655 billion) in...
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...
Lebanese c.bank says can’t use obligatory reserve to finance trade
BEIRUT (Reuters) - The Lebanese central bank cannot use its obligatory reserve to finance trade once it reaches its minimum threshold, governor Riad Salameh...
Oil prices edge higher
Oil prices edged higher Thursday after rallying the previous session on news of a drop in US crude supplies.
The main global contracts for the...
Kuwait minister says oil price at $50-60 is appropriate
Kuwaiti acting Oil Minister Anas al-Saleh said on Thursday oil at $50 to $60 a barrel is an appropriate price.
International Brent crude oil futures...
Tumbling oil triggers Tadawul panic selling
Panic selling again gripped Saudi stock market on Wednesday due to weak oil prices, causing the Tadawul All-Share Index to plunge below 8,000 points.
The...
Virgin Mobile passes 1m customer mark in Kingdom
Virgin Mobile Saudi Consortium, the Saudi Arabian subsidiary company of Virgin Mobile Middle East & Africa, is now serving over a million customers in...
China's retail investors seek safety first
As China's legions of retail investors flee the country's tumultuous equity markets, pushing stock prices down around 15 percent so far this year, money...
Saudi Arabia gives assurances on supply as oil hits $80/barrel
Saudi Arabia said on Thursday it would make sure the world is adequately supplied with oil to support global economic growth just as top...
