Saudi central bank to appoint KPMG partner as deputy governor for supervision – sources
The Saudi Arabian Monetary Agency (SAMA) is set to appoint KPMG Saudi Arabia's managing partner Tareq al-Sadhan as its new deputy governor for supervision,...
Saudi King Salman replaces minister for water and electricity
Saudi Arabia's King Salman replaced the minister for water and electricity Abdullah al-Husayen on Saturday with Agriculture Minister Abdulrahman al-Fadhli, who will do the...
A reduction in automobile fuel subsidies amid economic crisis in Syria
In the latest government measure to tackle a deepening economic crisis, Syria's oil and mineral resources ministry announced Saturday a reduction in automobile fuel...
Oil slides on Kuwait-Saudi oilfield agreement
World oil prices sank on Tuesday after producers Saudi Arabia and Kuwait announced a deal to gradually resume production at a joint oilfield.
The agreement...
Liquidity crisis, jobs at risk at Middle East airlines
The International Air Transport Association (IATA) said on Thursday that Middle East airlines are facing a liquidity crisis and hundreds of thousands of jobs...
Saudi to unveil 2016 budget with huge shortfall
Saudi Arabia unveils its 2016 budget on Monday with the oil powerhouse expected to project a huge deficit following the collapse of crude prices.
The...
In Egypt, medicines disappear from shelves as dollar crisis bites
Nahed Ibrahim has scoured Egypt in vain to find a regular supply of medication to help her mother to recover from a stroke she...
Global art market bounces back after 10% slump in 2015
The art market has bounced back worldwide after prices slumped by more than 10 percent last year as investors look for a safer alternative...
Oil rebounds as producers agree to meet
Oil prices rebounded Wednesday, as Qatar said producers from within and outside OPEC would meet next month to discuss a freezing of output.
Prices had...
Oil up as Kuwait revives hope for output freeze deal
Oil prices climbed in Asia Wednesday after Kuwait said an agreement to freeze output during a producers' meeting this month could still be reached...
