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...
Oil above $50 for first time this year
Oil prices jumped Thursday above $50 for the first time this year as a long-lasting global supply glut shows increased signs of easing.
In a...
Amid Coronavirus, Pakistan seeks $1.4 billion IMF loan
Government finance adviser Abdul Hafeez Shaikh said on Wednesday that Pakistan is seeking another $1.4 billion loan from the International Monetary Fund (IMF) to...
Gulf may stabilize as global background improves
Gulf stock markets may consolidate with a positive bias on Thursday after oil prices and global equities steadied on hopes that the devaluation of...
G20 ministers endorse crackdown on corporate tax avoidance
Finance ministers from the world's leading economies gave the green light Friday to a new plan to crack down on tax evasion by multi-national...
Apple Pay expands as it vies for broader acceptance
Apple's year-old mobile-payments service is expanding to more countries, banks and merchants, as it faces growing competition and some challenges before it becomes as...
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...
S. Africa looks to buy Iraqi crude to boost supply security
South Africa's Strategic Fuel Fund (SFF) is seeking to import 24 million barrels of oil a year from Iraq to boost its reserves in...
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...
Oil prices bounce after six days of losses
Oil prices rebounded with share markets in Asia Friday following a six-session sell-off, with the dollar softening against most other currencies on easing concerns...
