Oil price slump to start affecting Saudi banks
The impact of lower oil prices will soon start to weigh on Saudi Arabia’s banks, which are likely to see bad loans edge higher...
Global anti-terror financing meeting – Pakistan
At a global meeting on anti-terrorism financing in Paris on Friday, a decision whether or not to blacklist the South Asian nation is expected....
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...
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...
Lebanese pound weakens during a coronavirus lockdown
Since the government declared a medical emergency on March 15, Lebanon's cash-strapped banks have limited their services to critical imports and paying out salaries...
Oil prices up in Asia, oversupply hobbles gains
Oil prices rebounded in Asia Wednesday but buying sentiment remains sluggish owing to supply glut woes and a strong dollar.
Traders are waiting for the...
Saudi Arabia invited to Uzbek investment forum
Uzbekistan’s Ambassador Alisher Kadirov said Thursday that his country and Saudi Arabia are riding the crest of excellent bilateral ties.
“Since the establishment of diplomatic...
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,...
Anid economic impact of Coronavirus, Egypt seeks aid
Egypt's Prime Minister, Mostafa Madbouli, said Sunday the country is seeking an aid package from the International Monetary Fund to offset the economic impact...
