In the 40 years of Iran’s Islamic Republic, 2019 is shaping up to be among the worst for an economy that’s weathered wars, sanctions and oil slumps. Even...
Lebanon is in talks with allies to secure financial backing that would help it manage one of the world’s highest debt burdens after Qatar pledged to buy...
Lebanon should consider a voluntary debt restructuring to avert a financial crisis despite pledges of aid from Gulf benefactors, according to Franklin...
Saudi Arabia’s ambitious attempt to overhaul its oil-dependent economy is on track and indicators that suggest otherwise like a surge in unemployment and a...
Saudi Arabia’s Crown Prince Mohammad bin Salman plans to meet top global executives, including the heads of Apple Inc. and Google, during his first trip to...
Saudi Arabia is winding down an unprecedented and controversial anti-corruption drive that led to dozens of princes and billionaires being detained at the...
Saudi authorities said they’ll spend billions of riyals to help citizens offset the impact of a value-added tax and a surge in gasoline and utility...
Its economy is 5 percent the size of Saudi Arabia’s, but analysts are betting the kingdom won’t let its neighbor’s financial woes morph into a Gulf crisis....
Bahrain has asked Gulf Arab allies for financial assistance as it seeks to replenish its foreign-exchange reserves and avert a currency devaluation that could...
Saudi Arabia wants to turn hundreds of kilometers of its Red Sea coastline into a global tourism destination governed by laws “on par with international...
Saudi Arabia’s drive to reduce the economy’s reliance on oil has hit a snag: its reliance on oil. More than a year after Crown Prince Mohammad bin Salman...
Saudi Arabia’s net foreign assets dropped below $500 billion in April for the first time since 2011 even after the kingdom raised $9 billion from its...
DUBAI: Saudi Arabia central bank Governor Ahmed Alkholifey said a cash crunch that squeezed commercial lenders last year is over and that he’s open to more...
DUBAI: Saudi Arabia is repaying debts to contractors after long delays that squeezed company finances and hurt investor sentiment. Stocks gained after Finance...
DUBAI: Dubai, the emirate that teetered on the brink of default during the global recession, is bucking the economic slowdown afflicting most of its oil-rich...
DUBAI: As Iran emerges from a decade of international sanctions, its Gulf Arab rivals are facing their toughest economic predicament since the global...
CAIRO: Central bank Governor Ali Mohsen Ismail said Iraq has enough foreign reserves to maintain its currency peg but didn’t rule out a minor devaluation to...
CAIRO: Central bank Governor Chadli Ayari said Tunisia may sell U.S.-backed bonds this year to shore up public finances as militant attacks take a toll on the...
DUBAI: Salim al-Aufi, Oman’s undersecretary for oil and gas, likens attempts to cut the reliance on oil during a price slump to acting “with a gun...
The plunge in oil prices prompted HSBC Holdings Plc to cut this year’s economic outlook for 13 crude exporters across central, eastern Europe and the Middle...
Gulf Arabs are gradually losing perks from free water to cheap fuel as governments hit by the slump in crude prices trim their budgets.Kuwait, Oman and Abu...
Egypt’s central bank chief vowed to stamp out the black market for foreign currency within a year as he sought to ease investor concerns about a possible...
Turkish Prime Minister Recep Tayyip Erdogan is seeking to limit the economic costs of picking the losing side in the regional power struggle over Egypt....
A surge in United Arab Emirates property values probably won’t lead to an asset-price bubble because credit growth remains relatively modest, according to the...
DUBAI: JPMorgan Chase & Co. is gaining ground in the debt markets of Gulf Cooperation Council states after the biggest U.S. bank helped manage this month’s...