Economy

The Amazon founder Jeff Bezos announced recently that he will step down as company CEO in the third quarter of the year. Bezos, who will remain executive chair, will hand...

In a rare challenging of Chinese commercial terms that underlie the country’s ambitious Belt and Road initiative, Pakistan and Nepal have withdrawn from two dam-building deals. The withdrawal coincides with...

Nimbuzz Instant messenger & Holaa has a user base of 200 million registered users spread across across India and the Middle East DUBAI, United Arab Emirates, March 23, 2017/ --...

The former Vice Chairman of Oman's Shurah Council, Saalem Al-Siyabi, tweeted on Saturday that his former government is hoping to work on a Gulf Cooperation Council (GCC) referendum that models the Brexit campaign in the...

Kommersant have reported that Syria has begun exporting fruit and vegetables to Russia. This comes as a Russian imposed ban on exporting Turkish foods to the country. The new Syrian...

The recent discovery of natural gas reserves in the Homs Desert has paved the way for the Syrian government to revive dozens of unused gas wells as part of a large-scale project to...

Weak oil prices pose a threat to Gulf Arab states' currency pegs against the dollar, but the energy-rich region is unlikely to abandon the policy yet, analysts say. Bahrain, Oman,...

Oil rallied 3 percent on Friday, with U.S. crude futures headed for its largest weekly gain in seven years, after supply disruptions in Iraq and Nigeria and higher equity prices...

Oil rallied 3 percent on Friday, with U.S. crude futures headed for its largest weekly gain in seven years, after supply disruptions in Iraq and Nigeria and higher equity prices...

Oil futures fell in Asian trade on Friday as a record build in U.S. crude stocks stoked concerns about global oversupply, outweighing moves by oil producers including Saudi Arabia and...

Standard and Poor's cut Saudi Arabia's credit rating by two notches on Wednesday, saying low oil prices would have a considerable impact on the country's finances and economy. "In our...