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...
Saudi's Arab National Bank places 2 bln riyal sukuk
Saudi Arabia's Arab National Bank has received regulatory approval to raise 2 billion riyals ($533.28 million)through sukuk which will enhance its supplementary capital, it...
Wall St rises as health care rebounds
U.S. stocks rose in a volatile session on Wednesday, led by a rebound in biotechnology stocks, putting the S&P 500 on track for its...
Wall Street set to open higher as oil prices continue rise
Wall Street was set to open higher on Wednesday as crude oil prices rose for the fourth day in a row, with Brent crude...
Saudi Prince Alwaleed bin Talal raises stakes in Twitter
Saudi tycoon Prince Alwaleed bin Talal bin Abdulaziz al Saud and his Kingdom Holding Company announced Wednesday they have increased their stake in Twitter...
SABIC chief expects decision on $30 bln Saudi project in Q2
Saudi Basic Industries Corp (SABIC), one of the world's largest petrochemicals groups, expects to make a decision in the second quarter of 2016 on...
European shares end higher led by auto, oil stocks
European shares closed higher on Tuesday, led by auto and oil sector stocks and helped by expectations central banks in Europe and the United...
Crude jumps on U.S. output forecast; stocks mixed
Crude prices jumped more than 4 percent on Tuesday after the United States cut output forecasts, while global equity markets mostly rose on expectations...
Islamic halal economy set to grow
The halal economy is set to grow as the world's Muslim population expands and more products are certified to comply with Islamic sharia law,...
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...
