Russia and Turkey discuss restoring economic ties
Russia and Turkey will gradually unfreeze relations in trade and economy which soured after Turkey downed a Russian bomber near the Syrian border last...
Jewels still sparkle as Saudi potentially faces austerity
Saudi Arabia may be facing its biggest economic challenge in years but there's little talk of falling oil revenues or austerity at Riyadh's glittering...
JP Morgan sees new Scottish currency, initially backed by BoE
JP Morgan said on Thursday a Scottish currency in a newly independent Scotland could initially be stabilised near parity with sterling by the Bank...
UAE Etisalat sees 8% profit drop in Q1
UAE telecom giant Etisalat said Tuesday that its net profit dropped by eight percent to two billion dirhams ($545 million) in the first quarter...
Social media frenzy ‘hurting Saudi market sentiment’
A top Jeddah-based economist has cautioned Saudi stock market investors against being influenced by rumors spread by social media.
“Social media keeps us connected. But...
Kuwait economy shrinks on falling oil prices
Kuwait's economy contracted last year for the first time since 2010 as the Gulf state suffered the consequences of the global drop in oil...
Saudi Arabia declares stock market open to foreign investors
Saudi Arabia’s stock market, the Tadawul, on Monday opened to foreign investors, a long-awaited move for the Middle East’s largest bourse.
Despite a market capitalization...
Oil blues see 7% Tadawul drop
JEDDAH: The Saudi stock market plunged nearly 7 percent on Sunday in relentless selling sparked by falling oil prices and a decision by Fitch...
Saudi King Salman visits Egypt
Despite years of mutual frustration and disappointment over diverging priorities, Saudi Arabia and Egypt remain fundamental to each other's security, a message King Salman's...
Hello Kitty owner Sanrio says fan site security leak fixed
The Japanese company that owns the Hello Kitty brand said it has fixed a security leak in an online fan site for the famous...
