IMF expects $500 billion revenue loss for Middle East oil exporters
Oil exporting countries in the Middle East lost a staggering $390 billion in revenue due to lower oil prices last year, and should brace...
Iran oil exports has been reduced
Iran oil production projects have been reduced, Iran's Oil Minister Bijan Zanganeh said on Tuesday, according to the official IRNA news agency.
Iran has had...
Saudi Arabia seeks $6-8 billion bank loan
Saudi Arabia is seeking a bank loan of between $6 billion and $8 billion, sources familiar with the matter told Reuters, in what would...
BP boss forecasts balanced oil market in second half of 2016
BP boss Bob Dudley said Wednesday he was "very bearish" on oil prices for the first half of 2016, but forecast supply and demand...
Saudi gets over 322,000 jobs in private sector alone
RIYADH: The year 2014 showed a considerable increase in terms of nationalization with 322,358 male and female Saudis landing jobs in the private sector,...
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...
Lebanon PM urges Saudi to reconsider aid package suspension
Lebanon's Prime Minister Tammam Salam on Friday urged Saudi Arabia to "reconsider" the suspension of a $3 billion aid package to its army to...
Emergency $5 billion loan as virus deaths climb to 429 in Iran
To help fight the spread of a new virus that’s swept across the country infecting more than 10,000 people and killing hundreds, Iran said...
Sterling plunges to 31-year low, biggest ever fall, as UK votes Brexit
British markets plunged on Friday, with sterling hitting a 31-year low in its biggest fall on record and UK stock futures pointing to a...
Egypt raises price of drinking water
Egypt has raised the price of piped drinking water by up to 45 percent.
Saturday's decision has been published in the country's official gazette.
The rise...
