Lebanon currency in free-fall amid political impasse
BEIRUT (AP) — Lebanon's currency continued its downward spiral Wednesday, reaching a new low before the dollar and raising such alarm that it prompted...
Libya outlines ambitious plans to restore oil output
Libya's National Oil Corporation has ambitious plans to restore output to pre-2011 levels after years of violence and disruption, officials said.
Oil output is now...
Expats and employers worried over Saudi tax proposal
Expatriates in Saudi Arabia and their Saudi employers alike voiced unease about a proposal the government is studying to impose income tax on foreign...
Oil rises, but oversupply hobbles gains
Global oil prices rebounded Wednesday but buying sentiment remains sluggish owing to supply glut woes and a strong dollar.
At about 1245 GMT, U.S. benchmark...
Saudi King Salman replaces minister for water and electricity
Saudi Arabia's King Salman replaced the minister for water and electricity Abdullah al-Husayen on Saturday with Agriculture Minister Abdulrahman al-Fadhli, who will do the...
BP logs $1.4bn loss
BP faced another net loss in the second quarter but has now drawn a line under the 2010 Gulf of Mexico oil spill disaster,...
Bill Gates looks to Gulf in anti-poverty campaign despite oil glut
Low oil prices and tight budgets in the Gulf are making it harder to raise money for a fund tackling poverty in the Muslim...
Islamic halal economy set to grow, say experts
The halal economy is set to grow as the world’s Muslim population expands and more products are certified to comply with Islamic sharia law,...
European shares rally after China calms yuan fall
European shares bounced on Thursday after a 4 percent fall this week, tracking global equities higher on efforts by China’s central bank to slow...
Oil exports suspended from Libya oil terminal
Libya's National Oil Corp announced Thursday it had imposed a state of "force majeure" on one of the country's main oil terminals after exports...
