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,...
A reduction in automobile fuel subsidies amid economic crisis in Syria
In the latest government measure to tackle a deepening economic crisis, Syria's oil and mineral resources ministry announced Saturday a reduction in automobile fuel...
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 prices up in Asia, oversupply hobbles gains
Oil prices rebounded in Asia Wednesday but buying sentiment remains sluggish owing to supply glut woes and a strong dollar.
Traders are waiting for the...
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...
$20 bln to be offered by Oman central bank as extra liquidity
As one of several measures aimed at supporting the economy, Oman's central bank is preparing to provide some 8 billion Omani rial ($20.8 billion)...
12 hours maximum work period for private sector
The Ministry of Labor announced that amendments that have been recently adopted will enter force starting Oct. 8.
The amendments emphasize the prohibition of keeping...
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...
