In Kuwait, IMF's Lagarde touts power of Islamic finance
The head of the International Monetary Fund says Islamic finance offers the possibility of extending banking services to many who are underserved in the...
Bank of China gains foothold in Morocco
Bank of China has established a presence in Morocco that will further reinforce the Asian nation's far-reaching influence in resource-rich Africa, officials said.
The commercial...
Russia overtakes Saudi Arabia for second time in China crude supply
Russia supplied a record amount of crude oil to China in September, surpassing Saudi Arabia for the second time as the top seller to...
Kuwait spending on projects despite oil slump
Kuwait awarded projects worth a record $32 billion last year and plans to raise the figure in 2016 despite a sharp decline in oil...
Iran says won't negotiate with OPEC over output hike
OPEC member Iran will not negotiate with the cartel over a planned half million barrels per day oil production hike once sanctions are lifted,...
European shares end higher led by auto, oil stocks
European shares closed higher on Tuesday, led by auto and oil sector stocks and helped by expectations central banks in Europe and the United...
Algerians are watching the collapse of oil prices with alarm
The economic impact of the Coronavirus pandemic, which has sent global demand for crude into tailspin, threatens to fling Algeria into a new crisis...
OPEC and Russia talk of oil teamwork, but Saudi talks of investment
Senior OPEC and Russian oil industry officials stepped up vague talk on Monday of possible joint action to remedy one of the worst supply...
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...
Oman funds Iran's Khodro sign MoU for $200 million auto venture
An Omani sovereign wealth fund has signed an understanding with Iran's biggest auto maker, Iran Khodro Industrial Group, to study a proposal for a...
