Saudi 2016 growth to slow as debt rises and reserves drop
Saudi economic growth is set to slow further in 2016 after the OPEC heavyweight announced record deficits due to the slump in oil prices,...
World's largest indoor theme park to open in Dubai
The world's largest indoor theme park is set to open in Dubai this month to lure back some of the tourists and residents who...
Standard and Poor's cuts Saudi Arabia's rating to A-
Standard and Poor's cut Saudi Arabia's credit rating by two notches on Wednesday, saying low oil prices would have a considerable impact on the...
Lebanese dollar reserves recover from last year’s crisis
The Lebanese central bank's dollar reserves grew in early 2018, recovering from a decline during a political crisis last year that pushed up interest...
A steep oil prices crash amid virus fears
On Monday, Wall Street stocks fell 8 percent amid an oil price crash and worries about the rising economic toll from the Coronavirus epidemic.
Near...
Saudi Arabia and UAE number of millionaires ‘to soar in 5 years’
Saudi Arabia and the United Arab Emirates are expected to see a significant growth in the number of millionaires in the next five years,...
Asian markets fall on oil price dip
Oil prices struggled at seven-year lows Tuesday, sending Asian energy firms plunging in line with their US and European counterparts after OPEC's decision to...
Wall Street set to open higher as oil prices continue rise
Wall Street was set to open higher on Wednesday as crude oil prices rose for the fourth day in a row, with Brent crude...
Law firm says "Panama Papers" data hack was external
The Panamanian lawyer at the center of a data leak scandal that has embarrassed a clutch of world leaders said on Tuesday that his...
Oil falls to 11-year low, Saudi-Iran row seen making output restraint unlikely
Oil fell to its lowest in more than 11 years on Wednesday, down around 2 percent, as the row between Saudi Arabia and Iran...
