Bahrain raises debt ceiling to 15 bln dinars to finance public spending
DUBAI (Reuters) - Bahrain's government has raised its debt ceiling to 15 billion dinars ($39.79 billion) from 13 billion dinars to help finance public...
Dubai's Emirates sees 9% passenger growth in 2015
Dubai's Emirates airlines carried 51.3 million passengers in 2015, up nine percent from last year, the company said Wednesday.
CEO Tim Clark said the year...
Oil price below $40 after OPEC decides against output cut
Oil stayed below $40 a barrel in Asia Monday after the OPEC cartel decided against slashing high output levels and traders turned their attention...
Saudi-Iran tensions disrupt oil freeze deal
A deal to freeze oil output by OPEC and non-OPEC producers fell apart on Sunday after Saudi Arabia demanded that Iran join in despite...
Egypt eyes tough reforms in bid to save economy
Egypt hopes a $12-billion financing deal with the IMF will usher in an economic turnaround but real progress hinges on a tough reform package...
Saudi businessmen investing $4 billion in projects in Egypt
Saudi businessmen are investing $4 billion in projects including the Suez Canal, energy and agriculture, and have already deposited 10 percent of that sum...
Turkish Airlines annual profit tops $1 bn for first time
Turkey's flag carrier Turkish Airlines on Tuesday said its full-year net profits topped $1 billion for the first time in its history as the...
Davos chief: Europe, oil among worries
As leaders from the world of politics and business arrive Tuesday in droves for the start of the World Economic Forum in the Swiss...
OPEC pressure Saudi Arabia to cut oil output
Saudi Arabia has come under increased pressure from fellow OPEC members to cut output to prop up prices as the group meets this week...
Saudi to ban foreigners from selling mobile phones, create jobs for citizens
In an effort to provide more jobs to Saudi Arabian citizens, the kingdom will ban foreign workers from selling and maintaining mobile phones and...
