Oil prices trade near $42 in Asia
Oil prices traded near $42 in Asia Friday as US markets took a break for Thanksgiving and Russia ruled out a military strike against...
Air Arabia profit slips 6% in 2015
Sharjah-based budget carrier Air Arabia said on Sunday its 2015 net profit fell six percent to 531 million dirhams ($144.69 million) although turnover rose...
Abu Dhabi awards Japan’s INPEX stake in oil concession
Abu Dhabi's state energy company ADNOC said Monday it had awarded Japan's INPEX a 10 percent stake in an offshore oil concession, in a...
IMF: Low oil prices, turmoil keeps Mideast growth 'subdued'
The International Monetary Fund says a fall in oil prices and deepening turmoil in parts of the Middle East will keep growth subdued this...
Global oil demand growth to slow in 2016
The world's demand for oil is expected to slow in 2016 in response to a more pessimistic outlook for the global economy, the International...
Oil prices give up gains ahead of Federal Reserve move
Oil prices retreated in Asian trade on Wednesday following fresh indications of growing oversupply ahead of the US Federal Reserve's long-awaited decision on interest...
Crude jumps on U.S. output forecast; stocks mixed
Crude prices jumped more than 4 percent on Tuesday after the United States cut output forecasts, while global equity markets mostly rose on expectations...
Saudi public fund to double assets by 2020
Riyadh, Oct 25, 2017 (AFP) - Saudi Arabia, smarting from a three-year oil slump, said Wednesday that it aims to nearly double the assets...
Egypt secures $5.2 billion IMF loan amid coronavirus fallout
CAIRO (AP) — The International Monetary Fund on Friday approved Egypt’s request for a $5.2 billion loan as the country’s economy reels from the...
Apple Pay expands as it vies for broader acceptance
Apple's year-old mobile-payments service is expanding to more countries, banks and merchants, as it faces growing competition and some challenges before it becomes as...
