Iran central bank takes steps to shore up rial
Iran's central bank on Thursday announced a hike in deposit rates in a bid to shore up the value of the rial, after police...
Libya outlines ambitious plans to restore oil output
Libya's National Oil Corporation has ambitious plans to restore output to pre-2011 levels after years of violence and disruption, officials said.
Oil output is now...
Oil squeeze spreads from Gulf states to banks
Low oil prices are forcing Gulf states to borrow to prop up their economies and are now taking their toll on the region's banks...
Abu Dhabi financial regulator may create framework for virtual currencies
The regulator of Abu Dhabi's international financial centre said it could create rules for exchanges handling virtual currencies, in a sign that authorities in...
European stocks rebound strongly
European stock markets rebounded strongly Thursday following gains on Asian and US indices after the Federal Reserve suggested a likely US interest rate increase...
Egypt's Sisi ignores criticism, focuses on economic achievements
Egyptian President Abdel Fattah al-Sisi vaunted on Thursday his "unprecedented" economic achievements, ignoring mounting criticism by opponents and the press after police raided a...
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...
Oil price to start slow recovery in 2017, says International Energy Agency
World oil prices are unlikely to rise from current levels before 2017, and even then their recovery will be slow as massive oil stocks...
Bill Gates looks to Gulf in anti-poverty campaign despite oil glut
Low oil prices and tight budgets in the Gulf are making it harder to raise money for a fund tackling poverty in the Muslim...
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...
