Iraqi dictator Saddam Hussein has been dead for more than a decade but Kuwait is still receiving reparations for his 1990 invasion, with the latest tranche of $90 million approved on Friday.
Saudi Energy Minister Khaled al-Faleh said Friday the global market has the capacity to absorb higher oil prices after crude made a strong recovery.
Foreign direct investments from Chinese companies in Abu Dhabi’s industrial free zone has touched $1 billion in less than a year and is expected to rise when the UAE’s new investment law takes effect, officials said Thursday.
Fuel smuggling is costing Libya more than $750 million each year and harming its economy and society, the head of the National Oil Company in the conflict-riddled country said.
Saudi Arabia’s inclusion in global equity indexes and the planned privatization of oil company Aramco are expected to bring big inflows of overseas money into...
Investors’ appetite for risk is back, but most of the issues that soured the mood across emerging markets last week are a tweet away from flaring up again.
Last October, at the height of a political crisis in Iraq’s Kurdistan region, a letter arrived at the Iraqi oil ministry in Baghdad from Igor Sechin, head of...
The rise of Saudi Arabia and Egypt as the top Middle East choices for equity investors is taking a toll on Dubai.
The suspension of interest rate subsidies on housing loans in the beginning of the year caused demand for properties in the first quarter of 2018 to drop by...
Subsidized housing loans for limited income families are expected to be reactivated in a few months after the Finance Ministry and Central Bank pledged to...
Sterling fell half a percent to a fresh two-week low against the dollar Friday after Bank of England Governor Mark Carney signaled that the central bank may...
The biggest threats to global economic growth are government debt and protectionist leanings, European Union economy commissioner Pierre Moscovici said,...
Moroccan officials have placed Airbnb and Booking.com in their crosshairs, looking to level the playing field for traditional hotels as a “new reality” forces...
Middle Eastern and North African countries need to spend $260 billion over the next five years for electricity production to meet rising demand, a report said...
The Queen Elizabeth II ocean liner may finally start generating returns for Dubai after the emirate spent $100 million buying the vessel more than a decade ago.
Omani and Kuwaiti oil ministers Monday called on OPEC and non-OPEC producers to continue their unprecedented cooperation to maintain stability in the energy...
Saudi Arabia has ranked 23rd among 92 selected countries in terms of patents granted by the United States Patent and Trademark Office in 2017.
The Saudi stock market surged Monday to a 32-month high as analysts said higher oil prices and easing anxieties after U.S.-led strikes on Syria helped fuel...
Omani and Kuwaiti oil ministers on Monday called on OPEC and non-OPEC producers to continue their unprecedented cooperation to maintain stability in the...
Gold and oil will extend their gains Monday, albeit modestly, when the markets open for the first time since Western powers launched a missile attack on...
Don’t expect a selloff across the Middle East when markets trade for the first time since the U.S., U.K. and France launched strikes on Syria, say investors...
Saudi Arabia’s sovereign credit rating was affirmed at A1 by Moody’s Investors Service on expectations that fiscal consolidation will continue over the medium...
The first look at the financial guts of Saudi Aramco show a corporate cash gusher, pumping billions in profit every month and beating every other big name in...
Gold and oil will extend their gains on Monday, albeit modestly, when markets open for the first time since Western powers launched a missile attack on Syria,...
The United States and the United Arab Emirates are nearing a deal to resolve a years-old spat over alleged government subsidies to Emirati airlines that the...
Qatari investors are hitting the road less traveled in their current tour of the U.S., sizing up deals in South Carolina, Florida and Texas rather than...
It’s a cornerstone of the global economy, producing and selling 10 million barrels of oil every day.
Qatar raised $12 billion (9 billion euros) in its first dollar bond sale in two years and it is the biggest dollar bond from an emerging-market nation this...
With a plane ticket booked, graphic designer Najmeh Mohammadi headed to the currency traders on Tehran’s Manouchehri Street at 6 a.m. Tuesday for the dollars...
Emirates, the world’s biggest long-haul airline, said a rebound in earnings over the past year faces a challenge this summer as a pilot shortage forces the...
Iraq delayed an international auction of rights to 11 of its oil and natural gas deposits, pushing back the bidding date after introducing changes to the...
Egypt is bucking the conventional wisdom when it comes to gauging a country’s ability to repay its debt.
Qatar is selling its first dollar bonds in two years just as the region’s security risk rises with the prospect of a U.S. strike in Syria.