Standard and Poor’s cuts Saudi Arabia rating by two notches to...

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...

Low oil prices put strains on Gulf currency pegs

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...

Mara Social Media Acquires Global Instant Messaging & Communications Platform “Nimbuzz”

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

Oil prices fall on oversupply concerns after US crude stocks hit...

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...

Iran’s first post-sanctions oil exports to Europe begin

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...

Lebanon concludes trade agreement with Iran

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 signals tough stance in oil producers’ talks

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

Oil up 3 percent on outages, equities rally; big week for...

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...

Multinationals ready to jump into Iran market

With global growth moribund, multinational firms have been waiting with bated breath for the lifting of international sanctions against Iran for access to a...

Kuwait projects record deficit on falling oil income

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