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...
Kurds ready for new oil deal with Baghdad if they get $1 billion a...
Iraq's Kurds are ready to strike an agreement with the central government in Baghdad on a deal to increase oil exports, if it guarantees...
Saudi consumers still spending despite oil price slump
Bloomberg TV report that Saudi Arabians are still spending money despite the worldwide slump in oil prices. Emad Mostaque reports that the kingdom of...
Germany approves arms exports to Saudi Arabia and Oman
The German government has approved several arms export deals with countries in the Middle East, including delivery of 23 Airbus helicopters to Saudi Arabia,...
Emirates airline says profits are up amid lower oil prices
The Middle East's biggest airline, Emirates, says its profits jumped by about 56 percent to $1.9 billion in the last fiscal year largely due...
Dairy industry reshaped by Asian deals as milk price lowers
The global dairy industry is being reshaped by a wave of dealmaking driven by low milk prices and growing demand for products like yoghurt...
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...
Sterling plunges to 31-year low, biggest ever fall, as UK votes Brexit
British markets plunged on Friday, with sterling hitting a 31-year low in its biggest fall on record and UK stock futures pointing to a...
Gulf markets little improvements in pre-holiday trade
Gulf equity markets were narrowly mixed in early trade on Tuesday as investors prepared for extended holidays, with international news providing little to trade...
Saudi public fund to double assets by 2020
Riyadh, Oct 25, 2017 (AFP) - Saudi Arabia, smarting from a three-year oil slump, said Wednesday that it aims to nearly double the assets...
