Saudi Arabia says seeks to balance interests of oil consumers and producers
Saudi Arabia said on Monday its energy policy was geared towards balancing the interests of oil consumers and producers and encouraging investment in different...
Losses from oil blockade surpass $4 billion in Libya
Amid an escalation of fighting between rival forces for the capital Tripoli, losses from a protracted blockade of Libya's vital oil files and ports...
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...
Algeria’s public debt rises to 45% of GDP
Algeria has been under financial pressure after a fall in energy earnings and foreign exchange reserves amid growing demands from the country's 43 million...
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...
Investment’s measures amid coronavirus concerns, Abu Dhabi crown prince
On Monday, Abu Dhabi's Crown Prince Sheikh Mohammed bin Zayed al-Nahyan said that United Arab Emirates authorities will support the economy by easing investment...
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,...
