Russia looks to projects with Arab world, others, to offset sanctions
Russia hopes that financing and technology from Arab states and other countries will help its firms weather the fallout from Western sanctions imposed over...
Saudi-backed shipping line UASC resumes Iran business
United Arab Shipping Company is resuming business with Iran following the lifting of Western sanctions, despite the deep-seated political rivalry between the Islamic Republic...
Egypt new ‘furniture city’ backfires
Egypt has built a multi-billion-pound "furniture city" near the mouth of the Nile in a hope to aid growth by reigniting success in the...
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...
Apple opens first Middle East outlets in UAE
US technology giant Apple launched its first two stores in the Middle East on Thursday, with hundreds flocking to their openings in the rich...
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...
Saudi Arabia to host first international meet to boost mining & minerals sector
Saudi Arabia is organizing its first ever international mining and minerals conference and exhibition in a bid to boost a sector that offers $19...
US stocks fall, yields up after Fed boosts rate hike expectations
Wall Street stocks ended down on Wednesday as energy stocks turned lower on a drop in oil prices and two Federal Reserve officials said...
