U.S. stocks jump as investors ready for looming rate hike
U.S. stocks strengthened and long-dated Treasury prices cut losses on Wednesday after minutes from the most recent Federal Reserve policy meeting showed a core...
Britain's FTSE falls back with Ashtead, travel stocks under pressure
Britain's top stock index retreated after hitting a three-week high earlier in Thursday's session, weighed down by Ashtead and travel stocks hit by rising...
Saudi Arabia crude exports fall to 7.276m bpd in July
Saudi Arabia’s crude oil exports in July fell to 7.276 million barrels per day from 7.365 million bpd in June, official data showed.
Monthly export...
Businesses Flock to Saudi Arabia’s Future Investment Initiative
RIYADH, Saudi Arabia (AP) — Saudi Arabia has opened a major investment conference aimed at shining a spotlight on the country's efforts to diversify...
In Egypt, medicines disappear from shelves as dollar crisis bites
Nahed Ibrahim has scoured Egypt in vain to find a regular supply of medication to help her mother to recover from a stroke she...
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...
Lebanon faces economic ‘catastrophe’ according to the new Prime Minister
Debt-ridden Lebanon faces an economic "catastrophe", Prime Minister Hassan Diab said on Wednesday as his newly unveiled cabinet met for the first time.
The U.S....
IEA say OPEC responsible for oil glut of supplies
Oil prices may have rebounded off 12-year lows struck last month, but any hope for a broader recovery in the market would be misplaced,...
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...
UAE discovers natural gas reserves between Abu Dhabi, Dubai
The United Arab Emirates, a leading OPEC producer, announced Monday the discovery of huge gas reserves between Abu Dhabi and Dubai.
The shallow natural gas...
