LONDON: World oil prices rebounded sharply on Tuesday after the head of OPEC indicated that the crude producers' organization could cut its production target for 2015.
Sterling fell against both the euro and US dollar on Monday, in spite of worse-than-expected data releases from both regions.
The benchmark Tadawul All-Share Index bucked the prevailing four-day negative trend and turned green with reasonable gains on Tuesday.
DUBAI: The opening of Saudi Arabia's stock market (Tadawul) to direct foreign investment early next year is set to coincide with a pick-up in earnings growth in the Kingdom, which has lagged the regio
Saudi Arabia and South Korea have agreed to enhance cooperation in the areas of entrepreneurship and small and medium enterprises (SMEs), local media said quoting a senior official of The Centennial F
Secretary General of the Federation of GCC Chambers (FGCCC) Abdulrahim Hasan Naqi has stressed the need to expand the role of sovereign funds to have investments in agro, food, animal, and mining area
BERLIN: Opel Group, the European arm of General Motors, is cutting production and shedding around 500 jobs in Russia, hit by the weak Russian ruble and a plunge in local demand due to a slowing econom
CAIRO: Egypt has raised the $8.5 billion it needs to fund a project to expand the Suez Canal in just eight days, the central bank governor told Reuters on Monday.
NEW YORK: The vast majority of Americans have never heard of Alibaba, the Chinese e-commerce company which is on the verge of potentially the world's largest initial public offering.
The Shoura Council has called on the Capital Market Authority (CMA) to adopt measures to prevent stock market (Tadawul) crashes, such as the 2006 downturn that saw individuals lose billions.
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