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...
Purchasing power in Syria drops 80 percent since war: report
Residents of war-torn Syria have seen their purchasing power drop by an estimated 80 percent since the beginning of the country's conflict in 2011,...
Oil prices drop despite OPEC forecast
Oil prices fell on Monday even as OPEC forecast a further tightening of supplies, as traders focused instead on turbulence across financial markets.
The Organization...
Lufthansa sees growth opportunities in Saudi Arabia, Oman
German airline Lufthansa sees the Middle East as a chance for growth, namely Saudi Arabia and Oman. As sanctions on Iran have recently eased...
Lebanon witness a currency crash
Lebanon's pound, which has lost more than half its value since October, slid to record lows on a parallel market over the past week,...
Global epic losses and soaring unemployment amid pandemic
With the economy paralyzed by business closures, the unemployment rate likely jumped to high rates.
Many people still employed have had their hours reduced....
Libya cuts oil output by up to 120,000 bpd due to power problems
Libya's National Oil Corp on Wednesday cut oil production by about 120,000 barrels a day as its eastern subsidiary AGOCO faced power problems due...
Saudi inventors win seven medals at iENA-2015 expo
Saudi inventors made a mark in an international exhibition, winning seven medals including two gold, three silver and two bronze for their brilliant innovations.
Their...
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...
Price hikes in Egypt bite hard during holy month of Ramadan
Shop owner Hassan Mahmoud laid out his heaps of dried fruits and nuts at a multicolored Ramadan tent in the Egyptian capital to catch...
