Dubai-based Islamic mortgage provider Amlak Finance PJSC made “significant progress” on securing new terms for $1.2 billion of debt and expects to reach an agreement by the end of the year.
Iraq's oil exports from its southern ports have reached 3.42 million barrels per day (bpd) so far in July, two oil officials told Reuters Monday.
Saudi Arabia expanded the mandate of its 105 billion riyal ($28 billion) industrial fund to allow the financing of energy, logistics and mining projects as part of broader efforts to develop the kingdom’s industries.
Turkey’s lira weakened Monday after President Recep Tayyip Erdogan dismissed the central bank governor, reigniting concerns about political interference in monetary policy and expectations of rate cuts to revive the recession-hit economy.
Shippers trying to minimize time in the Middle East after oil tanker attacks pushed up insurance costs are scaling back purchases of marine fuels from the...
Kuwait has delivered more gains for stock investors than any other major market in the Middle East and Africa this year.
Saudi Arabia said it will allow some businesses to stay open 24 hours a day, an announcement that triggered puzzlement over whether it was ending rules that...
The Syrian government said a gas plant resumed operations Monday after repairs to a key pipeline put out of service by a sabotage attack at the weekend.
Banque du Liban has no intention of subscribing to Treasury bills at 1 percent interest, Central Bank Gov. Riad Salameh said Wednesday, but added that BDL...
International ratings agency Fitch said Lebanese banks had low-level potential vulnerability, similar to their peers in the United States and Germany.
The Federal Reserve and other leading central banks are declaring the peak in global interest rates has been reached and are readying to start the march down.
Global central bankers are again in the driving seat when it comes to propping up the world economy, but many are demanding governments join them in the...
Investors are starting to tune out the noise of the billions of dollars that flowed into Saudi bonds and stocks in the first half of the year after the...
Saudi Arabia is fulfilling its pledge to make deeper cuts in oil output than the OPEC+ agreement on output requires, according to the first indication of the...
At a trendy restaurant in Iran’s capital, customers sip Coca-Cola through bending straws as waiters bring caddies to their tables full of Heinz ketchup and...
Dubai is getting by with less as the emirate’s economic turnaround leaves a trail of job losses.
The Abu Dhabi sovereign wealth fund agreed to buy about a 30 percent stake in Domestic & General Group Ltd., the U.K. appliance warranty provider owned by CVC...
Turkey said Wednesday it rejected Greek and European Union assertions that Turkish drilling for gas and oil off Cyprus was illegitimate, and said they showed...
Egyptian inflation eased unexpectedly to its lowest rate in more than three years, with some analysts predicting a greater chance of the central bank cutting...
Egypt Tuesday warned Turkey against escalating tensions in the eastern Mediterranean over its attempt to drill for oil and gas in the waters off Cyprus.
Saudi Aramco, the world’s largest crude exporter, awarded $18 billion in contracts to boost output capacity at two offshore oil fields even as the kingdom and...
Tunisia’s tourism revenues soared 42.5 percent in the first half of 2019 to $692 million compared to the same period last year, official figures showed Monday.
Ethiopia will send 50,000 people to work in the United Arab Emirates, Ethiopian Prime Minister Abiy Ahmed announced Monday, as the Gulf country looks to...
The Turkish lira was 2.1 percent weaker against the dollar Monday after President Recep Tayyip Erdogan dismissed the Central Bank governor, laying bare...
Saudi Arabia’s King Salman and British Finance Minister Philip Hammond Sunday discussed ways to “strengthen economic and financial cooperation” and also...
The noose strangling the flow of oil to Syria tightened a notch last week, when British Royal Marines boarded a tanker carrying Iranian crude into the...
Saudi Arabia's King Salman has met British treasury chief Philip Hammond to discuss economic and financial investments between the two countries and security...
Turkey Saturday fired its Central Bank governor as policy differences between the government and the bank deepened in the face of an economic slump,...
The Egyptian government hiked up fuel and cooking gas prices Friday, in another round of subsidy cuts designed to overhaul the country’s ailing economy and...
Qatar is facing economic whiplash as it winds down $200 billion of infrastructure works to prepare for the 2022 football World Cup.
Saudi Arabia and Kuwait are the closest in years to restoring oil output from the neutral zone shared by the neighboring states after making a breakthrough in...
It was supposed to be a six-month fling, but Saudi Arabia and Russia have instead signed up for eternity. Complete with poem and celebratory badges