Obama: U.S. and Gulf states will work together to deal with low oil prices
The United States and Gulf oil producers will work together to lessen the impact of low oil prices, President Barack Obama said in Riyadh...
South Africa's Zuma in Saudi to expand economic ties
South African President Jacob Zuma called for strengthening his country's economic ties with Saudi Arabia, during a visit to the kingdom on Sunday.
"While our...
Syria funds suggest ISIS link to militants arrested in Indonesia
Some of the Indonesian men arrested at the weekend after tip-offs that they were planning a string of militant attacks had received funding from...
Lebanon pound sinks to half official rate
For more than 3,000 to the dollar, the Lebanese pound fell in value Wednesday, half the official rate, foreign exchange bureaus said.
Lebanon has suffered...
Saudi Arabia to allow full foreign ownership in retail
Saudi Arabia will ease restrictions on foreign investors to let them own 100 percent of retail and wholesale businesses, the government said on Sunday...
Wall St rises as health care rebounds
U.S. stocks rose in a volatile session on Wednesday, led by a rebound in biotechnology stocks, putting the S&P 500 on track for its...
Pro-Brexit Boris Johnson says nothing will change in short term
Ex-London mayor Boris Johnson, a leading campaigner for Britain to leave the EU and the bookmakers' favourite to replace David Cameron as Prime Minister,...
Oil edges back above $30
Oil prices rose above $30 on Tuesday after briefly dipping below the psychological barrier as the market was beset with worries about the global...
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...
Saudi unit of auditor Deloitte penalized by market regulator
Saudi Arabia's Capital Market Authority has suspended the local unit of New York-based auditing giant Deloitte from offering its auditing services to the kingdom's...
