Businesses devastated by the Virus outbreak
The Department of Labor in the U.S. reported more than 6.6 million Americans applied for unemployment benefits last week, far exceeding a record high...
IEA: Oil price unlikely to rise much further
The price of oil is unlikely to rise much further after rallying almost 90 percent since January, as the global market shows signs of...
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...
Qatar Airways boss: 'we create American jobs'
Qatar Airways chief executive Akbar al-Baker said Thursday that his company is helping to create jobs in the US despite an ongoing war of...
Saudi energy ministry to assist development of mega economic zone Neom
DUBAI (Reuters) - Saudi Arabia's energy ministry is to offer assistance so that Neom, a $500 billion high-tech development that includes tourism and sport...
Saudi Arabia's stock market pulls back as Egypt stalls
Saudi Arabia's stock market pulled back in early trade on Wednesday as buying in blue chips petered out, while Egypt's market stalled.
The Saudi index...
Following Coronavirus outbreak, Ikea closes all stores in China
Following an announcement on Wednesday from world's biggest furniture retailer; Sweden's IKEA, that it was closing around half of its stores and shortening the...
Saudi Arabia targets Russia in battle for European oil market
From global majors such as Shell (RDSa.L) and Total (TOTF.PA) to more modest Polish energy firms, oil refiners in Europe are cutting their longstanding...
OPEC sees oil glut shrinking in 2016 as low prices curb rival output
OPEC said its oil output fell in October and forecast supply from rival producers next year would decline for the first time since 2007...
Wall St higher as little impact seen from Paris attacks
Wall Street was higher in choppy trading on Monday with investors seeing little long-term economic impact from Friday's deadly attacks in Paris.
Eight of the...
