Banks lead Europe shares higher, oil up before Yellen
European stocks rose on Wednesday, rallying after losses in Asia, as concerns about the health of banks that have hammered shares globally in recent...
Saudi Arabia to convert state real estate fund into bank
Saudi Arabia plans to convert a state-owned housing fund into a bank, the latest in a string of reforms to the economic policy apparatus...
Etihad Airways takes Berlin to court over delayed codeshare decision
Etihad Airways said Friday it is taking the German government to court over its delay on deciding whether to allow codeshare flights between the...
UAE, China to set up $10 bln joint strategic investment fund
The United Arab Emirates and China have established a joint strategic investment fund worth $10 billion, the UAE’s state news agency reported, as China...
New SME body ‘will generate jobs for Saudis’
The newly formed Public Authority for Small and Medium Enterprises approved by the Cabinet on Monday will help create jobs for young Saudis and...
Oil prices trade near $42 in Asia
Oil prices traded near $42 in Asia Friday as US markets took a break for Thanksgiving and Russia ruled out a military strike against...
Air Arabia profit slips 6% in 2015
Sharjah-based budget carrier Air Arabia said on Sunday its 2015 net profit fell six percent to 531 million dirhams ($144.69 million) although turnover rose...
Abu Dhabi awards Japan’s INPEX stake in oil concession
Abu Dhabi's state energy company ADNOC said Monday it had awarded Japan's INPEX a 10 percent stake in an offshore oil concession, in a...
IMF: Low oil prices, turmoil keeps Mideast growth 'subdued'
The International Monetary Fund says a fall in oil prices and deepening turmoil in parts of the Middle East will keep growth subdued this...
Global oil demand growth to slow in 2016
The world's demand for oil is expected to slow in 2016 in response to a more pessimistic outlook for the global economy, the International...
