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...
Saudi Aramco seeks discounts on drilling costs-sources
State-run Saudi Aramco has asked oilfield service companies to extend discounts to next year as the oil giant cuts costs amid falling oil prices,...
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...
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...
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...
Maersk profit plunges amid weak trade, low oil prices
Danish conglomerate A.P. Moller-Maersk on Wednesday reported an 82-percent drop in annual profit as its shipping unit was hit by lower freight rates and...
Barca extend partnership with UNICEF to 2020
European champions Barcelona renewed a collaboration agreement with children's charity UNICEF on Thursday till 2020, which will see the Catalan giants donate two million...
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 reform plan pleases markets
A sweeping economic reform plan announced by Saudi Arabia on Monday pleased the financial markets but fell short of convincing sceptics that the kingdom...
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...
