Sudan’s economic crisis without donor help
Sudan has made a surprise opening and said it will fully cooperate with the International Criminal Court on cases about Darfur.
International donors are holding...
Oil trades above $44 on output freeze hopes
Oil traded above $44 a barrel in Asia Monday, extending gains on hopes crude producers would agree to freeze output at a meeting next...
Lebanese banks that can’t increase capital must leave market
BEIRUT (Reuters) - Lebanese banks that cannot increase their capital by 20% by the end of February 2021 will have to get out of...
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...
Kuwait signs $2.8 billion military and provisional deals with France
Kuwait signed 2.5 billion euros ($2.8 bn) worth of military fixed and provisional deals led by the purchase of 24 Airbus-built Caracal helicopters, the...
Falih slowly wins back OPEC for Saudis
Russian oil billionaire Vagit Alekperov isn't easily swayed, but Saudi Arabia's new Energy Minister Khalid al-Falih achieved it this week.
Intense diplomacy by the soft-spoken...
Italy’s economic crisis over Coronavirus
In Italy, the Coronavirus outbreak that has killed 463 people and forced the government to restrict movement for its 60 million citizens.
The government imposed...
OPEC nations plan to join U.N. climate drive
OPEC members Iran and Saudi Arabia, the top greenhouse gas emitters yet to submit national strategies for tackling climate change, say they will do...
Saudi's Bahri says signs 700 million riyal loan for oil tankers
The National Shipping Company of Saudi Arabia has signed a 700 million riyal ($186.7 million) loan to partly-finance the purchase of three very large...
Oil slides to lowest since 2003 as Iran sanctions lifted
Oil prices hit their lowest since 2003 on Monday, as the market braced for a jump in Iranian exports after the lifting of sanctions...
