Oil rises, but oversupply hobbles gains
Global oil prices rebounded Wednesday but buying sentiment remains sluggish owing to supply glut woes and a strong dollar.
At about 1245 GMT, U.S. benchmark...
ECB outlook hit euro, lift stocks, oil drops before OPEC
The dollar hit its strongest since mid-March against a basket of its peers on Monday, at the start of a week likely to highlight...
Lebanese banks that can’t increase capital must leave market
BEIRUT (Reuters) - Lebanese banks that cannot increase their capital by 20% by the end of February 2021 will have to get out of...
IMF chief calls for reforms in Gulf amid low oil prices
On a trip through a Gulf squeezed by low oil prices, the head of the International Monetary Fund repeatedly called on countries to cut...
Saudi says oil price slump should not stop investment
Saudi Oil Minister Ali al-Naimi called for sustained investment in new output capacity Thursday despite the slump in world prices.
Naimi said global production lost...
Oil prices bounce after six days of losses
Oil prices rebounded with share markets in Asia Friday following a six-session sell-off, with the dollar softening against most other currencies on easing concerns...
Egypt bans domestic trading of imported wheat
Egypt has banned the trading of imported wheat inside the country, Supply Minister Khaled Hanafi said on Wednesday, a move which could reduce smuggling...
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 pound flops on black market amid exchange crackdown
Egypt's currency is plunging to new lows on the black market, with traders selling it from between 11 and 11.15 Egyptian pounds to the...
Saudi video game developers prosper as demand grows
NPR reports: The Middle East has one of the world's fastest growing communities of online video gamers. With a majority of the population younger...
