OPEC member Kuwait has earmarked 34.5 billion dinars (US$115 billion) to spend on oil projects over the next five years, despite the slump in oil prices, a senior executive said Sunday.
A bid by a group of Gulf investors to purchase a majority stake of Kuwait's top food company and a regional leader, Americana, has failed, an official statement said Sunday.
India agreed Monday to finance the development of an Iranian port as a trading hub, as Prime Minister Narendra Modi sought to revive economic ties with Tehran after the lifting of sanctions.
Laborers uses machinery to fluff raw cotton from a bale used to make pillows and mattresses at a traditional shop in Kabul, Afghanistan, Thursday, May 19.
Saudi Arabia's credit rating has been downgraded by Moody's because of the long and deep slump in oil prices.
Border traffic between Tunisia and Libya resumed on Saturday after the two countries reached a deal to lift a trade blockade at the main frontier crossing following angry street protests.
DAMASCUS - Syria's currency hit its lowest value since the start of the country's five-year conflict on Sunday, having depreciated more than 92 percent, an economist said.
Qatar's largest bank acknowledged Sunday that some personal customer data that was leaked online may be authentic, and said it has hired an outside expert to review potential vulnerabilities to its computer systems.
Saudi Arabia said Monday it would create the world's largest sovereign investment fund and sell shares in state energy giant Aramco under a vast plan unveiled to transform its oil-dependent economy.
Kuwait's state oil firm said Wednesday that it expects to restore full production within three days after staff ended a strike in a surprise about-turn that triggered a renewed slide in world prices.