Saudi stock market surges, petchems climb on oil rebound
Saudi Arabia's stock market rose sharply in heavy turnover during early trade on Thursday as petrochemical shares in particular surged in response to a...
Amid airport closure, Lebanon banks halt dollar withdrawals
On Monday, long queues formed outside several banks north of the capital as monthly salaries came through after two weeks of ongoing home confinement.
A...
2-7% increase in retirement pensions – Algeria
Algeria, the OPEC member's public finances have come under pressure after a sharp fall in global crude oil prices caused energy earnings, the main...
Saudis Appeal for Royal Guidance on Economy After Stocks Sink
Saudi plastic surgeon and stock-market investor Sami al-Harki is looking for help.
Al-Harki already lost 40 percent on his shares, but doesn’t want to sell...
Dubai to inject capital into Emirates Airline
Emirates Airline, with its vast fleet of 271 wide-body aircraft, is the largest carrier in the Middle East and has huge strategic importance for...
Oil prices slip on Chinese demand concerns, weak Saudi exports
Oil prices fell on Monday on concerns about the pace of economic growth in China, the world's largest energy consumer, and signs that global...
Saudi and Russian delegates to hold business forum in Moscow
A high-profile business conference hosting Russian and Saudi delegates will begin this week in Moscow, Arab News reported on Tuesday.
The governor of the Saudi...
Coronavirus outbreak could slow the global economy
Shares tumbled in Asia on Thursday as concern over the impact of the virus outbreak in China deepened.
Shares also retreated in India and Southeast...
Debt payments cancellation for 25 poor nations – IMF
IMF Executive Director Kristalina Georgieva issued a statement saying the IMF executive board approved the immediate debt service relief for 19 African countries, Afghanistan,...
Islamic halal economy set to grow, say experts
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,...
