Kuwait spending on projects despite oil slump
Kuwait awarded projects worth a record $32 billion last year and plans to raise the figure in 2016 despite a sharp decline in oil...
Lebanese c.bank says can’t use obligatory reserve to finance trade
BEIRUT (Reuters) - The Lebanese central bank cannot use its obligatory reserve to finance trade once it reaches its minimum threshold, governor Riad Salameh...
Iraq passes bill to unlock funds for cash-strapped state
Iraqi lawmakers Wednesday passed a crucial bill allowing the country to finance a widening fiscal deficit amid an unprecedented economic crisis spurred by falling...
Shell expects 4th Q profits to drop by at least 40 percent
Royal Dutch Shell expects its fourth quarter profits to drop by at least 40 percent to between $1.6 billion and $1.9 billion after a...
Rising oil output accelerates Saudi economic growth
Rising oil output boosted Saudi Arabia’s economic growth to its fastest pace in over a year in the second quarter of 2015, data showed...
Microsoft to buy LinkedIn for $26.2 bln
Microsoft Corp agreed to buy LinkedIn Corp for $26.2 billion in its biggest-ever deal, combining the software giant's fast-growing cloud services business with the...
Kuwait and Iraq say OPEC will not cut output alone
The Kuwaiti and Iraqi oil ministers said Tuesday that OPEC will not cut production unless producers outside the cartel do the same, despite the...
Donor conference raises $1.8 billion for Sudan – Germany
Berlin (AFP) - Pledges worth $1.8 billion were made at a donor conference to drum up international support for Sudan on Thursday, said Germany's...
Saudi could buckle under oil shock, FX peg, investors warn
Saudi Arabia faces a crisis in the next three to five years if oil prices remain low and the country still has big budget...
Iraq asks BP to study developing Kirkuk oilfields
Iraq has asked British energy giant BP to draft a study on boosting production in all the oilfields of northern Kirkuk province, Oil Minister...
