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...
Malaysia dissolves 1MDB advisory board
Malaysia's finance ministry said on Wednesday it would dissolve the board of advisers at 1Malaysia Development Berhad (1MDB) and take over its remaining assets,...
Financial risks to world economy – IMF stated
IMF Managing Director, Kristalina Georgieva, drew focus to the need to a "call to action", urging a shift to facilitate more lending to small...
Commodities pull down European shares; UK defence stocks rise
Britain's top share index fell back on Monday, pulled lower by weak retail stocks and commodities companies after metals prices touched multi-year lows on...
Sudan’s economic crisis without donor help
Sudan has made a surprise opening and said it will fully cooperate with the International Criminal Court on cases about Darfur.
International donors are holding...
Oil reverses gains as focus returns to global oversupply
Oil prices eased on Tuesday, reversing the previous day’s gains, as the risk premium stemming from the Paris attacks faded, and the focus returned...
