Economy

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...

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...

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...

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...

Iran signaled on Wednesday it would take a tough line in talks among oil producers on restraining production, saying it would continue increasing its...

Iran is poised to export its first oil shipments to Europe since international economic sanctions were lifted in mid-January, the oil ministry's SHANA news...

Crude oil prices pushed higher on Wednesday after Iran said it was open to cooperation with Saudi Arabia, partly recovering from an 8 percent...

The Economy and Trade Minister Alain Hakim said on Tuesday that lifting the economic sanctions on Iran made the country a magnet for investments...

Iran expects to finalise within days a deal to buy up to 40 planes from ATR, the European manufacturer of turboprop aircraft, a deputy...

OPEC member Kuwait projected a record budget deficit for the fiscal year starting April 1 on the sliding price of oil, the finance ministry...