Economy

Home Economy

IMF urges Gulf states to bring in taxes

The International Monetary Fund chief urged on Monday oil-exporting Gulf countries to introduce taxes, warning that low crude prices are likely to stay for...

Oil prices surge on fresh talk of OPEC meeting on glut

Oil prices surged Wednesday on renewed speculation about a potential cut in global production that overshadowed another rise in US crude inventories. US benchmark West...

US Solar Technology Firm Successfully Partners With Saudi Arabian Investor

Solexel, a leading US-based producer of high-performance solar PV technology, has successfully finalised a round of financing that included Riyadh Valley Company, the venture...

Global stocks rise but oil, Fed keep investors nervous

Stocks rose in Europe and Asia on Tuesday, though volatile oil prices kept investors cautious before a widely anticipated increase in U.S. interest rates...

Saudi oil minister visits Sudan to cement improving ties

Saudi Oil Minister Ali al-Naimi visited Sudan on Wednesday promising increased investment in a major fillip for the impoverished African nation after its tilt...

Investors seek safety in bonds, yen after Turkey downs Russian jet

Investors sought safety in low-risk government debt on Tuesday after Turkish jets shot down a Russian warplane near the Syrian border, while European tourism-linked...

Oil prices up in Asia, oversupply hobbles gains

Oil prices rebounded in Asia Wednesday but buying sentiment remains sluggish owing to supply glut woes and a strong dollar. Traders are waiting for the...

Oil price slump to start affecting Saudi banks

The impact of lower oil prices will soon start to weigh on Saudi Arabia’s banks, which are likely to see bad loans edge higher...

BP boss forecasts balanced oil market in second half of 2016

BP boss Bob Dudley said Wednesday he was "very bearish" on oil prices for the first half of 2016, but forecast supply and demand...

Saudi Arabia seeks $6-8 billion bank loan

Saudi Arabia is seeking a bank loan of between $6 billion and $8 billion, sources familiar with the matter told Reuters, in what would...

Latest News