Oil above $50 for first time this year
Oil prices jumped Thursday above $50 for the first time this year as a long-lasting global supply glut shows increased signs of easing.
In a...
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...
G20 ministers endorse crackdown on corporate tax avoidance
Finance ministers from the world's leading economies gave the green light Friday to a new plan to crack down on tax evasion by multi-national...
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...
S. Africa looks to buy Iraqi crude to boost supply security
South Africa's Strategic Fuel Fund (SFF) is seeking to import 24 million barrels of oil a year from Iraq to boost its reserves in...
Kuwait economy shrinks on falling oil prices
Kuwait's economy contracted last year for the first time since 2010 as the Gulf state suffered the consequences of the global drop in oil...
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...
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...
Libya outlines ambitious plans to restore oil output
Libya's National Oil Corporation has ambitious plans to restore output to pre-2011 levels after years of violence and disruption, officials said.
Oil output is now...
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...
