Saudi government institutions invested almost $2.3 billion into the initial public offering of Saudi Aramco, a transaction that was intended to find new sources of funding for the kingdom’s economic diversification plan.
Egypt’s ailing stock market could find a much-needed jolt of liquidity from two state-owned enterprises set to go public early next year.
Egypt’s inflation rate accelerated for the first time in five months, rising 3.6 percent in November as the effect of last year’s surge in prices faded but offering the central bank little reason to reverse a monetary easing cycle.
Saudi Arabia's central bank is ready for any liquidity squeeze from Saudi Aramco's initial public offering (IPO) and is closely monitoring local banks, its governor said, after heavy demand for loans to buy the stock.
When shares of Saudi Arabia’s national oil company begin trading Wednesday after the world’s largest initial public offering, the stars will be aligned to...
Saudi Arabia Monday said its budget deficit for next year would widen as the world’s top oil exporter faces tumbling oil prices and production cuts.
There’s a sprinkling of wishful thinking in all budget announcements.
For an Emirati who’s not a member of Abu Dhabi’s ruling royal family, Khaldoon Al Mubarak is remarkably influential.
The decision to lower interest rates on dollar and lira deposits and eventually loans would ease the cost of deposits on lenders as well as stimulate the...
As expected, Central Bank Gov. Riad Salameh Wednesday told all Lebanese commercial banks to lower their interest rates on foreign currency deposits to a...
U.S. disruption of the global economic order reaches a major milestone Tuesday as the World Trade Organization (WTO) loses its ability to intervene in trade...
The Swiss central bank could be required to pull its $800 billion balance sheet out of investments in fossil fuel companies in a move by one of the world's...
Iran’s president presented a draft state budget of about $39 billion to Parliament Sunday, saying it was designed to resist United States sanctions by...
Saudi Arabia’s stock market rose sharply Sunday, buoyed by gains in banking shares, while Dubai’s index was up as most of its real estate stocks opened...
OPEC+ will adjust its output target and redistribute production cuts between its members under pressure from Saudi Arabia, which has long carried a mainly...
Turkey and Libya officially approved a contentious maritime deal that may fuel an energy showdown in the gas-rich waters of the eastern Mediterranean, where...
Saudi Aramco shares will start trading on Dec. 11, the Saudi securities exchange Tadawul said on Twitter Friday.
The United Arab Emirates’ economy is ending a difficult year on a low as business activity slumps to a level not seen in more than a decade.
Egypt has sold almost half of the land earmarked for the first phase of a huge project to develop a new capital 50 kilometers east of Cairo, an official at...
Turkey’s banking regulator eased measures on how banks classify credit to once-troubled companies, helping lenders to potentially avoid adding more...
State-owned oil giant Saudi Aramco’s initial public offering will be the biggest in history, but will still fall short of the $2 trillion valuation long...
Saudi Aramco’s bookrunners have recommended pricing its initial public offering at 32 riyals ($8.5) per share, the top of an indicative price range, three...
Now that Saudi Aramco is finally about to become a public company, it will have to start acting like one.
Saudi Aramco's bookrunners have recommended the oil giant should price its initial public offering at 32 riyals ($8.
Saudi Aramco is set to conclude Wednesday the bidding period for what is expected to be the world's biggest share sale, with the energy giant pinning its...
The value of the Syrian pound on the black market sank to 1,000 to the U.S. dollar at some money changers Tuesday, marking a new record low for the...
OPEC+ is poised to hold a debate about lax implementation of oil-production cuts in Vienna this week, with Russia asking to discuss a rule change that would...
Kuwait’s government will invest as much as $1 billion in the initial public offering of Saudi Aramco as the kingdom asks regional allies to bolster the record...
Mohammad Akki left his home in Morocco’s Middle Atlas mountains to seek regular work and a better life in the town of Azrou, but he still lives on the margins...
Saudi Aramco Chief Executive Officer Amin Nasser will find himself at the helm of the world’s largest publicly traded company when the shares of the giant oil...
Iraq said that OPEC and its allies would consider deeper production cuts, though the comments come after the coalition has widely signaled reluctance to take...
Paris, London and Berlin have welcomed six new European countries to the INSTEX barter mechanism, which is designed to circumvent U.S. sanctions against trade...
While Saudi Arabia’s massive initial public offering of oil producer Aramco has been dominating headlines in the kingdom for months, investors have been...