Qatar gasoline prices hike by 30 percent at midnight
Qatar will raise its subsidized gasoline prices by at least 30 percent at midnight Friday, the state fuel company said, the latest Gulf country...
Flynas in talks to buy 4 new aircraft
Saudi Arabian budget carrier flynas, which made its first profit this year, is in talks with plane manufacturers Airbus and Boeing as it seeks...
Oil prices rise despite U.S. inventory increase
Reversing intraday losses, oil prices settled higher Wednesday despite a government report that showed U.S. commercial crude oil inventories rose a higher-than-expected 4.67 million barrels last week.
The turnaround...
Global Muslim body urges ban on products from Israeli settlements
A global Muslim body called Monday for a ban on products from Israeli settlements in the occupied territories and pledged full support for the...
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...
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...
Paris attacks weighon Airline and travel stocks but impact seen short-lived
Airline and travel-related stocks tumbled in Asia Monday following the deadly terror attacks in Paris, but analysts and industry players said they expect the...
Iran’s Khamenei warns economy will worsen if virus spreads
Tehran (AFP) - Iran's supreme leader warned on Saturday that the country's economic problems would worsen if the novel coronavirus spreads unchecked, saying the...
MIDEAST STOCKS-Saudi banks rebound after sell-off
Rebounding banking stocks lifted Saudi Arabia's market in early trade on Monday. Egypt's bourse was also positive in thin trade before an extended break.
The...
Saudi Aramco listing lures banks with prospects of deals
Investment banks are jostling to take part in the listing of a chunk of Saudi Arabia's state-owned oil giant Aramco as a portal to...
