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Wednesday, November 26, 2014
The Organization of Petroleum Exporting Countries' (OPEC) biggest crude producer Saudi Arabia will have its sights set on the upstart U.S. shale oil business at a crucial cartel meeting to debate possible output cuts on Thursday.
Monday, November 24, 2014
Religion, risk drive blossoming outlook for Islamic finance
When a Muslim cleric told Ahmad Salim that Sharia law forbids paying interest, he returned his days-old loan to the bank and turned to the fast-growing industry of Islamic finance.
Monday, November 17, 2014
Government revenues in Kuwait dropped 4.4 percent in the first half of the fiscal year due to sliding oil prices, but the energy-rich emirate still reported a healthy provisional surplus.
Thursday, November 13, 2014
Largest US business delegation in history visits Egypt
Representatives from over 60 U.S. companies wrapped up Tuesday a two-day visit to Egypt described as the largest such delegation in history that aimed to explore potential businesses to boost the country's ailing economy.
Friday, November 7, 2014
The United Arab Emirates economy, the Arab world's second largest, is recovering at pace from the global financial crisis but remains threatened by low oil prices, the IMF said Wednesday.
Thursday, November 6, 2014
Arab states in the Gulf, which pump a fifth of the world's crude oil, spend more than US$160 billion on energy subsidies annually, a top World Bank official said Tuesday.
Tuesday, November 4, 2014
A share offer by Saudi Arabia's National Commercial Bank (NCB) was 16 times oversubscribed late Sunday, in what one financial analyst called "the mother of all IPOs."
Wednesday, October 29, 2014
Syria's 3.5-year conflict roiling the economy
The middle-aged salesman sat glumly among an array of shorts, khaki leisure suits bedecked with gold belts and dresses with plunging necklines in the ancient Damascus bazaar -- luxuries few can afford in today's Syria.
Saturday, October 25, 2014
The Islamic State (IS) has fast become one of the world's wealthiest terror groups, generating tens of millions of dollars a month from black market oil sales, ransoms and extortion, officials said Thursday.
Monday, October 20, 2014
Iran says number of foreign tourists surges
The number of foreigners visiting Iran jumped dramatically over the 12-month period ending in March, with 35 percent more tourists compared to the same period a year earlier, Iran's top tourism official said Saturday.
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