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...
Oil down in Asia on oversupply fears, strong dollar
Oil prices fell in Asia on Monday, extending their slide as a stronger dollar and news that world stockpiles have reached a record high...
European shares rally after China calms yuan fall
European shares bounced on Thursday after a 4 percent fall this week, tracking global equities higher on efforts by China’s central bank to slow...
Investors seek safety in bonds, yen after Turkey downs Russian jet
Investors sought safety in low-risk government debt on Tuesday after Turkish jets shot down a Russian warplane near the Syrian border, while European tourism-linked...
Oil rises, but oversupply hobbles gains
Global oil prices rebounded Wednesday but buying sentiment remains sluggish owing to supply glut woes and a strong dollar.
At about 1245 GMT, U.S. benchmark...
BP to cut spending after 80 percent drop in profits
BP said on Tuesday it could cut capital spending further after reporting an 80 percent drop in profits in the first quarter of the...
Egypt secures $5.2 billion IMF loan amid coronavirus fallout
CAIRO (AP) — The International Monetary Fund on Friday approved Egypt’s request for a $5.2 billion loan as the country’s economy reels from the...
Crude prices up on Canada fires and Saudi oil minister replacement
Crude prices extended gains in Asia Monday as raging wildfires hit production in Canada, while traders digested news that Saudi Arabia had replaced its...
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...
