Gulf banks are limiting their lending to minimize losses
Gulf central banks have introduced stimulus measures worth tens of billions of dollars including loan repayment holidays to distressed businesses and individuals and fee...
US Solar Technology Firm Successfully Partners With Saudi Arabian Investor
Solexel, a leading US-based producer of high-performance solar PV technology, has successfully finalised a round of financing that included Riyadh Valley Company, the venture...
GE announces deals worth over $1.4 billion with Saudi Arabia
General Electric Co. said Monday it made a series of deals with Saudi Arabia worth over $1.4 billion as part of the kingdom's ambitious...
Germany, Europe’s largest economy, struggles
The Eurozone economy struggles against headwinds from the U.S-China trade dispute and Britain's departure from the European Union.
The state statistics agency said Friday there...
Israel regulator seeks to ban bitcoin firms from stock exchange
Israel's markets regulator will propose regulation to ban companies based on bitcoin and other digital currencies from trading on the Tel Aviv Stock Exchange,...
HSBC whistleblower skips Swiss trial
The Swiss trial against a former HSBC employee who leaked documents alleging the bank helped clients evade millions of dollars in taxes opened Monday,...
Egypt stocks drop after Russia suspends flights to country
Egypt's EGX30 stocks index has plunged 4.3 percent after steadily declining since Russia suspended flights to Egypt following the Oct. 31 Russian plane crash...
Kuwait and Iraq say OPEC will not cut output alone
The Kuwaiti and Iraqi oil ministers said Tuesday that OPEC will not cut production unless producers outside the cartel do the same, despite the...
Saudi considering lifting export curbs on cement, steel
Saudi Arabia is considering lifting partial export bans on cement and steel to relieve oversupply in the local market, economic news website al-Eqtisadiah quoted...
German business confidence unfazed by Paris attacks
German business confidence bounced back in November as Europe's top economy shrugged off global uncertainty and the deadly assault in Paris, a leading economic...
