Saudi Arabia will continue massive public spending despite a 50 percent drop in the price of oil, which provides the bulk of its revenue, said Finance Minister Ibrahim Al-Assaf.
DUBAI: Most Gulf stock markets regained strength on Wednesday as oil's slide paused, with blue chip banks pushing Abu Dhabi up sharply and Saudi Arabia's bourse jumping after the Kingdom's finance min
KUWAIT: Kuwait's oil minister has said oil prices could pick up in the second half of 2015.
PepsiCo, one of the world’s largest food and beverage companies, demonstrated its commitment to the Middle East on Tuesday with the inauguration of its newest manufacturing facility.
MOSCOW: Russia stepped up its defense of the ruble on Wednesday as it sought to halt a run on the currency and stem the worst financial crisis of President Vladimir Putin's 15 years in power.
TOKYO: Japan logged a trade deficit in November, the 29th straight month of shortfalls, despite a slight decrease in imports thanks to the recent plunge in crude oil prices and Japan's return to reces
FRANKFURT: German private-sector growth slowed to the weakest in 18 months in December, increasing the risk that a soft phase will turn into a more pronounced economic downturn.
BELGRADE: In an attempt to secure business ties and increase political influence, China is on a charm offensive in Eastern Europe — where the European Union and Russia are also vying for sway.
LAUNCESTON, Australia: The big change in many commodity markets this past year was that demand is no longer king, with supply becoming the key driver, a dynamic that's likely to persist in 2015.
Western Auto Company Ltd., the sole distributor of Ashok Leyland, has formally begun service operations at the new center in Jubail that was opened in early December by cutting ribbons by Kamal A.
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