Iran says won't negotiate with OPEC over output hike
OPEC member Iran will not negotiate with the cartel over a planned half million barrels per day oil production hike once sanctions are lifted,...
IEA sees bear oil market as stocks balloon
The world is awash with oil having built record stockpiles in recent months and slowing demand growth combined with resilient non-OPEC supply could worsen...
International support to restore Lebanon’s economic stability
Lebanon's international backers said Wednesday they supported its new Cabinet, while urging it to swiftly tackle the country's snowballing crises amid ongoing anti-government protests.
The...
Trade minister replaced amid economic crisis – Syrian government
Syria’s economy has been ravaged by nine years of war and western sanctions.
Syrian President Bashar Assad replaced Monday the internal trade minister as the...
Oil dips on firm dollar, ahead of OPEC meeting
Oil dipped on Monday as traders remained cautious ahead of an OPEC meeting later this week and as a widely expected U.S. interest rate...
Acwa Power targets 2016 IPO on Kingdom’s bourse
Saudi Arabia-based power and water project developer, Acwa Power, is aiming for a stock market floatation on the Saudi bourse sometime next year, its...
MIDEAST STOCKS-Oil weakness may dampen Gulf, land tax plan hit Saudi
Oct 20 Middle East stock markets may be soft on Tuesday because of weak oil prices and global equity markets, while progress towards imposing...
Europe shares fall, Turkish assets hit after jet shot down
European shares followed Asian stocks lower on Monday while a slightly weaker dollar eased the pressure on beleaguered metals that held near multi-year lows.
Turkish...
Economy down 3% due to Coronavirus in Jordan
Jordan's cash-strapped economy is expected to contract around 3% in 2020 due to the impact of the Coronavirus, the finance minister said on Sunday.
The...
Saudi Arabia invited to Uzbek investment forum
Uzbekistan’s Ambassador Alisher Kadirov said Thursday that his country and Saudi Arabia are riding the crest of excellent bilateral ties.
“Since the establishment of diplomatic...
