In Kuwait, IMF's Lagarde touts power of Islamic finance
The head of the International Monetary Fund says Islamic finance offers the possibility of extending banking services to many who are underserved in the...
Egypt house speaker wants illegal currency dealers executed
Egypt's parliament speaker said in comments published Wednesday he wished to see illegal foreign currency dealers executed, arguing that the nation was facing an...
Saudi Aramco seeks discounts on drilling costs-sources
State-run Saudi Aramco has asked oilfield service companies to extend discounts to next year as the oil giant cuts costs amid falling oil prices,...
Brent stays below $30 a barrel on oversupply worries
Brent oil stayed below $30 a barrel as prices remained weak in Asia Thursday after US crude and fuel inventories rose, adding further anxiety...
Saudi to ban foreigners from selling mobile phones, create jobs for citizens
In an effort to provide more jobs to Saudi Arabian citizens, the kingdom will ban foreign workers from selling and maintaining mobile phones and...
Oil prices rise despite U.S. inventory increase
Reversing intraday losses, oil prices settled higher Wednesday despite a government report that showed U.S. commercial crude oil inventories rose a higher-than-expected 4.67 million barrels last week.
The turnaround...
Libya says oil production up at 300,000 bpd
Crude production in oil-rich but conflict-ridden Libya is now more than 300,000 barrels per day since a new terminal opened in the east, the...
OPEC December oil output slips, still near record
OPEC oil output fell in December, a Reuters survey found on Tuesday, led by lower supply from Iraq following a record-breaking month in November...
Oil sags as supply glut weighs
Global oil prices weakened on Tuesday, weighed down by abundant supplies that have plagued the market for months.
Brent North Sea crude for delivery in...
Lebanese pound weakens during a coronavirus lockdown
Since the government declared a medical emergency on March 15, Lebanon's cash-strapped banks have limited their services to critical imports and paying out salaries...
