Saudi worries as UAE stocks sink on oil's slide
United Arab Emirates stock markets slid in early trade on Sunday in response to further weakness in oil prices and the decision by Fitch...
Fears for world economy wreak carnage on stocks and oil
World stock markets tumbled and oil plumbed new lows Thursday as investors feared for the global economy on signs of a dramatic slowdown in...
Oil prices mixed in Asia ahead of US inventories report
Oil prices were mixed in Asia Tuesday as investors waited for data on US crude stockpiles expected to further underscore a global supply glut.
Prices...
Emergency $5 billion loan as virus deaths climb to 429 in Iran
To help fight the spread of a new virus that’s swept across the country infecting more than 10,000 people and killing hundreds, Iran said...
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...
Total fined 750,000 euros over Iraq 'oil for food' graft
French energy giant Total was ordered on appeal Friday to pay 750,000 euros for siphoning cash from the UN "oil-for-food" programme that aided sanctions-hit...
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...
New SME body ‘will generate jobs for Saudis’
The newly formed Public Authority for Small and Medium Enterprises approved by the Cabinet on Monday will help create jobs for young Saudis and...
Oil market recovery will continue, says OPEC chief
OPEC president Mohammed bin Saleh al-Sada said on Tuesday that the current oil market recovery would continue into the second quarter of the year...
Egypt's illicit currency traders defy crackdown, spread business abroad
Egypt's efforts to stamp out illicit currency trading is pushing black market dealers to carry out transactions abroad, beyond the reach of the law,...
