OECD calls for reforms to wake up growth
With little hope for the world economy picking up pace soon, governments must tackle reforms at home to kickstart growth, the OECD said on...
EXIM backers vow to defeat U.S. House amendments to gut trade bank
Export-Import Bank said on Tuesday they can defeat a barrage of proposed amendments aimed at gutting the trade lender's ability to aid large companies...
Shift in Saudi oil thinking deepens OPEC split
As OPEC officials gathered this week to formulate a long-term strategy, few in the room expected the discussions would end without a clash. But...
Oil prices rise on bargain-buying
Oil prices rebounded Friday after tanking nearly five percent the day before as bargain hunters swooped into the market.
The commodity plunged Thursday in response...
Oman to raise taxes and gas prices amid global oil slump
Oman is going to cut government spending and also raise taxes and gasoline prices to cover an anticipated budget shortfall in the coming year.
That's...
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...
UAE backs oil producers' output freeze plan
The United Arab Emirates has thrown its support behind a plan involving oil powerhouses Russia and Saudi Arabia to freeze oil production levels in...
Apple shares dip 5% as iPhone sales slow
Apple shares sank in opening trade Wednesday, after the company warned that iPhone sales could fall for the first time in the coming quarter.
About...
Israel bans Palestinian agricultural exports
Palestinian Agriculture Minister Riyal al-Attari said on Saturday that Israel has escalated a trade war with the Palestinians by stopping their agricultural exports through...
KSA able to use space technology to prevent Ebola
Canadian born Assistant Professor, Dr. Farhan M. Asrar at the University of Toronto in Canada, has disclosed that Saudi Arabia can use space technology...
