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...
Saudi oil minister visits Sudan to cement improving ties
Saudi Oil Minister Ali al-Naimi visited Sudan on Wednesday promising increased investment in a major fillip for the impoverished African nation after its tilt...
Oil prices dip on stronger dollar
Crude prices dipped further in Asia on Friday on a stronger dollar, dampening a rally that saw the commodity hit 11-month highs earlier in...
ISIS fighters hit with 50% paycut due to airstrikes
The Islamic State (ISIS) militant group has been forced to cut its fighters' pay by up to 50 percent because U.S.-led air strikes have...
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...
Commodities pull down European shares; UK defence stocks rise
Britain's top share index fell back on Monday, pulled lower by weak retail stocks and commodities companies after metals prices touched multi-year lows on...
Saudi Arabia: Low oil price threatens future supply crisis
Leading crude oil exporter Saudi Arabia warned on Monday of a supply crisis after massive energy investments were cancelled because of the sharp decline...
TASI suffers worst monthly drop since October 2008
Most Gulf stock markets fell on Monday, tracking volatile oil prices, while Egypt's bourse jumped after energy major Eni announced a potentially huge natural...
Emirates airline's H1 profit surges 65% to $849 mn
Dubai's Emirates airline said Thursday its net profit surged 65 percent in the first half of the financial year to $849 million (781 million...
Dollar hits 8-month high on rate expectations, metals drop
The dollar rose to an eight-month high on Monday amid heightened expectations that the U.S. Federal Reserve would raise interest rates next month, driving...
