Nigeria rules out cutting oil production
Nigerian authorities said Wednesday the country will not cut oil production even as nosediving crude prices caused by a global supply glut ravage revenue.
US...
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...
Oil stages modest rebound
Oil rebounded on bargain-buying Wednesday after the previous day's plunge but analysts warned any gains would be limited as the global glut showed no...
Oil weakness clouds outlook for Gulf corporate bonds
The dramatic decline in crude oil prices over the past year has left some corporate and infrastructure companies in the Gulf Cooperation Council (GCC)...
Egypt to offer incentives for low-cost airlines
Egypt plans to announce incentives for low-cost airlines such as easyJet and Germany's Air Berlin and Condor to help combat a slide in tourist...
Wall St rises as health care rebounds
U.S. stocks rose in a volatile session on Wednesday, led by a rebound in biotechnology stocks, putting the S&P 500 on track for its...
OPEC November oil output rises, led by Saudi Arabia and Iraq
OPEC oil output has risen in November from the previous month, a Reuters survey found on Monday, led by a rebound in Iraqi exports...
U. A. E lays out new migrant labor reforms
The United Arab Emirates is introducing labor reforms that aim to tighten oversight of employment agreements for the millions of temporary migrant workers that...
Iraq looks to reopen oil pipeline through Saudi Arabia
Iraq is seeking to reopen its crude oil export pipeline through Saudi Arabia, shut in 1990, state newspaper Assababah reported citing an unidentified Iraqi...
Saudi conglomerate Binladin avoids financial crisis
Saudi Binladin Group, the kingdom's biggest construction conglomerate, appears to have pulled back from the brink of a financial crisis that risked damaging the...
