Losses from oil blockade surpass $4 billion in Libya
Amid an escalation of fighting between rival forces for the capital Tripoli, losses from a protracted blockade of Libya's vital oil files and ports...
Saudi forex reserves stabilize at $659.5b
Saudi Arabia has managed to keep the level of its foreign exchange reserves stable at $659.5 billion at the end of October, according to...
Tadawul: Insurance stocks among the top gainers
Middle East stock markets moved little in modest trading volumes on Sunday as uncertainty over oil prices and the global market environment kept many...
Oil reverses gains as focus returns to global oversupply
Oil prices eased on Tuesday, reversing the previous day’s gains, as the risk premium stemming from the Paris attacks faded, and the focus returned...
Kuwait’s finance minister submits resignation
DUBAI (Reuters) - Kuwait's Finance Minister Barak Ali Al-Shitan has submitted his resignation to the prime minister, state news agency KUNA said.
The minister has...
Egypt raises price of drinking water
Egypt has raised the price of piped drinking water by up to 45 percent.
Saturday's decision has been published in the country's official gazette.
The rise...
Saudi Arabia plans new sovereign wealth fund
Saudi Arabia plans to create a new sovereign fund to manage part of its oil wealth and diversify its investments, and has asked investment...
Fears of world food inflation due to Panic buying and lockdowns
A senior economist at United Nations' Food and Agriculture Organisation (FAO) and agricultural analysts stated that lockdowns and panic food buying could ignite world...
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...
Oil plunge fuels run on energy firms as Asia stocks tumble
Energy firms led another stock market sell-off Monday, but analysts said a fall in oil prices to seven-year lows was driven more by fears...
