Egypt hikes natural gas prices by up to 75 percent
Egypt raised natural gas prices for households and businesses on Saturday by between 33.3 and 75 percent, the latest among tough austerity measures aimed...
Oman cuts 2016 spending as oil prices fall
Oman will cut spending this year by 15.6 percent in the face of lower oil prices but still face a huge deficit after posting...
Saudi conglomerate Binladin avoids financial crisis
Saudi Binladin Group, the kingdom's biggest construction conglomerate, appears to have pulled back from the brink of a financial crisis that risked damaging the...
Hello Kitty owner Sanrio says fan site security leak fixed
The Japanese company that owns the Hello Kitty brand said it has fixed a security leak in an online fan site for the famous...
Asian shares rise as G20 meeting begins
Asian stocks rallied on Friday after China's central bank chief said Beijing still has enough monetary firepower to keep the world's second-largest economy on...
Erdogan asks Turks to help prop up plunging lira
Turkish President Recep Tayyip Erdogan on Saturday urged compatriots to change their foreign currency to the lira to help prop up the embattled currency.
"My...
More Russian oil drilling shows its resolve to OPEC
Russian oil firms are drilling more, showing the world's top crude producer is ready for a longer fight for market share with OPEC, as...
Kuwait's NBK profits drop in Q4 and rise for 2015
National Bank of Kuwait, the emirate's largest lender, said Thursday its net profit fell in the fourth quarter but rose in 2015 as a...
Ambitious Saudi economic reforms up against 'vested interests'
Saudi authorities will have to confront a range of vested interests if they hope to pull off an ambitious plan to diversify the economy...
Yuan sends Saudi Riyal devaluation wagers to a high
A key currency indicator in Saudi Arabia rose to the highest level since 2008, signaling that some traders are increasing bets that the riyal...
