French state-owned bank Bpifrance has abandoned its plan to set up a mechanism to aid French companies trading with Iran, in the face of U.S. sanctions against Tehran.
Swedish truckmaker AB Volvo has stopped assembling trucks in Iran because U.S. sanctions are preventing it from being paid, a spokesman for the company said Monday.
Iran's oil minister said Monday that an OPEC meeting did not give a positive response to the demands of U.S. President Donald Trump, saying that the "U.S. dream" to cut Iranian oil exports to zero would not happen.
OPEC and its allies reduced oil output in August as a drop in Iranian supply due to U.S. sanctions derailed their attempts to raise production to agreed levels, delegates said Saturday as the energy producers prepared to hold talks in Algiers.
The relationship between two major oil benchmarks is charting an unexpected course as U.S. sanctions take Iranian crude out of the market.
A combination of Dubai-based Emirates and Abu Dhabi’s Etihad would be the airline industry’s deal of the decade, if it can be pulled off.
Canada’s export financing agency is raising a red flag on doing business with Saudi Arabia in the wake of a feud between Riyadh and Ottawa.
Across Iran’s capital, rush-hour traffic always grinds to a halt, a sea of boxy Renault four-doors and Peugeot coupes all idling their way through the streets...
One of the clearly visible indications of economic stagnation in Lebanon is the hundreds of discount signs on windows of shops and stores in some of Beirut’s...
The Energy and Water Ministry said it has received a pledge from the Finance Ministry to allocate more funds to purchase fuel and gasoil to keep power plants...
Comcast Corp. won a bidding war for Sky PLC with a $39 billion offer for Europe’s largest satellite broadcaster, staving off rivals Twenty-First Century Fox...
The Federal Aviation Administration would be required to set new minimum requirements for seats on airplanes under legislation to be considered in the House...
Turkey, which was last month buffeted by its worst currency crisis in recent years,Thursday forecast sharply lower growth coupled with persistently high...
Mohanad Faham is wondering whether the furniture showroom he manages in Riyadh can survive a drive to get more Saudis into work. The business is already...
Cyprus and Egypt Wednesday signed an agreement paving the way for the Mediterranean’s first subsea pipeline to carry Cypriot natural gas to the Arab country...
Dubai is famous for its high skyscrapers and lavish lifestyle, and owning real estate in the Gulf city may sound like a non-affordable dream for many people.
The Libyan Investment Authority has sued JPMorgan Chase & Co. in London, saying the lender paid more than $6 million in bribes to secure a $200 million bond...
The central bank of war-torn Yemen has raised interest rates on deposits to an all-time high of 27 percent in a bid to stabilize the plunging riyal that...
Cyprus and Egypt Wednesday signed an agreement paving the way for the Mediterranean's first sub sea pipeline to carry Cypriot natural gas to the Arab country...
Yemen's central bank, based in territory controlled by its exiled government, nearly doubled its interest rate Wednesday in an effort to stabilize the riyal...
Aggressive and undiplomatic, certainly, but also extremely effective. With nearly 50 days to go before new U.S. oil sanctions against Iran enter into force,...
The lira slipped for a third day as the euphoria surrounding last week’s rate hike fades and attention turns to the challenges Turkey’s economy faces.
Qatar Airways revealed the impact of a Saudi-led embargo of its home state while striking a defiant note by suggesting the losses suffered are lower than...
When it comes to their Gulf stock-market rivalry, Doha is easily outshining Dubai. The main Qatari equities index is 2018’s best performer worldwide in dollar...
Egypt has managed to stay under the radar throughout the emerging-market rout, but that doesn’t mean its assets are unscathed.
The Turkish government will unveil measures to help banks tackle the expected pile-up of bad loans resulting from the lira’s plunge and soaring interest...
Saudi Arabia’s sovereign wealth fund said Monday it has secured its first ever international loan, boosting the kingdom’s diversification drive after its...
Britain’s economy will shrink if it leaves the European Union without a Brexit deal and it will suffer some damage whatever terms it agrees, the International...
Saudi Arabia's sovereign wealth fund says it has taken its first loan, a $11 billion borrowing from global banks as it tries to expand its investments.
Saudi Arabia will auction real estate owned by indebted billionaire Maan al-Sanea and his company starting next month to help repay billions of riyals due to...
Sudan’s President Omar al-Bashir named a former finance official as central bank governor Sunday, a day after a new cabinet was sworn in tasked with curbing...
Regulators overseeing Islamic banking must revise guidance on real estate exposures to align with the post-financial crisis capital rules of Basel III, a...
The United Arab Emirates government approved Sunday a law that allows expatriates to stay in the country after retirement if they own a property valued about...