Russia looks to projects with Arab world, others, to offset sanctions
Russia hopes that financing and technology from Arab states and other countries will help its firms weather the fallout from Western sanctions imposed over...
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...
BP to cut spending after 80 percent drop in profits
BP said on Tuesday it could cut capital spending further after reporting an 80 percent drop in profits in the first quarter of the...
Egypt new ‘furniture city’ backfires
Egypt has built a multi-billion-pound "furniture city" near the mouth of the Nile in a hope to aid growth by reigniting success in the...
Gulf banks under pressure from low oil prices
Banks in the six-nation Gulf Cooperation Council (GCC) are being increasingly challenged by a liquidity squeeze resulting from low oil prices, Moody's Investor Services...
Global epic losses and soaring unemployment amid pandemic
With the economy paralyzed by business closures, the unemployment rate likely jumped to high rates.
Many people still employed have had their hours reduced....
Oil extends losses in Asia on strong OPEC output
Oil tumbled to fresh multi-year lows in Asia Friday after OPEC said output had surged, exacerbating concerns over a supply glut that is expected...
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...
Coronavirus economic impact discussions; Saudi crown prince and UK’s PM
Al Arabiya television said on Sunday, that Saudi Arabia's Crown Prince Mohammad Bin Salman and British Prime Minister Boris Johnson discussed how to reduce...
Saudi Arabia to host first international meet to boost mining & minerals sector
Saudi Arabia is organizing its first ever international mining and minerals conference and exhibition in a bid to boost a sector that offers $19...
