Foreign Minister Mevlut Cavusoglu said Wednesday Turkey is looking into establishing new trade mechanisms with Iran, like the INSTEX system set up by European countries to avoid U.S. sanctions reimposed last year on exports of Iranian oil.
Sudan's ruling Transitional Military Council ordered the central bank to review financial transfers since April 1 and to seize "suspect" funds, state news agency SUNA reported Wednesday.
Investing in the Middle East has never been for the faint-hearted. Marshall Stocker should know. Drawn by Egypt’s economic promise
The rising tide of unemployment is driving Turkey’s economy deeper into distress as President Recep Tayyip Erdogan’s party refuses to turn the page on its electoral defeat in the country’s biggest city.
The Turkish lira weakened after the central bank struggled to explain moves in foreign-currency reserves, fueling concern about the state of the nation’s...
Abu Dhabi will allow foreigners to own the land under their homes and offices for the first time as the emirate looks for ways to bolster its stalled property...
Three companies are preparing initial public offerings for trading on Dubai’s main stock exchange, the bourse said, potentially ending a 17-month IPO drought...
The World Bank warned Wednesday of a deepening economic crisis in the occupied West Bank if the Palestinian Authority and Israel do not resolve a dispute over...
Lebanon prepares to issue $2.5-3B in Eurobonds on May 20: finance minister
Lebanon is preparing to issue $2.5-3B in Eurobonds on May 20, Finance Minister Ali Hasan Khalil told Reuters Thursday.
Inflation that’s projected to reach an eyeball-popping 8 million percent this year has left Venezuela saddled with the title of the world’s most miserable...
Samsung Electronics Co. Ltd. said it had received “a few” reports of damage to the displays of samples of its upcoming foldable smartphone, raising the...
The White House will have to weigh costs and benefits carefully before tightening sanctions on Iran and Venezuela further - and decide whether the economic...
The biggest buyers of Iranian oil are said to be putting their purchases on hold as they wait to see whether the U.S. will extend waivers allowing them to...
The Middle East’s largest economy probably broke free of its first recession in a decade, according to Turkish Treasury and Finance Minister Berat Albayrak.
Fawaz al-Hokair Group, the Saudi retailer that owns the franchise for brands like Banana Republic and Zara, may raise as much as $1 billion from the share...
Dubai’s Expo 2020 global trade fair is expected to give the United Arab Emirates an economic boost of over $33 billion, consultants Ernst and Young said in a...
U.S. sanctions on Iran are also hitting some of the Islamic Republic’s closest allies.
Saudi Arabia’s sovereign wealth fund has started preliminary talks with banks to raise a loan expected to be between $5 billion and $8 billion as it seeks...
An Iranian exchange has offered investors as much as 6 million barrels of oil so far this year.
Two former executives of The Abraaj Group, which collapsed last year in the world’s biggest private-equity insolvency, were arrested on U.S. charges of...
There might not be any banks yet in the King Abdullah Financial District, but on a sunny afternoon, the once-stalled development in Riyadh is packed with...
The bonds issued by Saudi Aramco in this week’s unprecedented offering sank for a second day, marking a quick selloff that calls into question the depth of...
Egypt is gearing up to issue its first Panda, Samurai, sukuk and green bonds in the fiscal year starting in July as it attempts to cut borrowing costs by...
Turkey’s biggest financial pledge in 18 years to bolster its banks may not be the silver bullet needed to pull the Middle East’s largest economy out of...
Yamani, Naimi, Falih. These three men, all Saudi Arabian energy ministers, moved global oil markets for the past 50?years, sometimes with just an utterance....
Standard Chartered PLC agreed to pay more than $1 billion to resolve a long-running investigation into its handling of transactions that violated economic...
After being shunned by Wall Street and international investors last year, Saudi Arabia made a historic comeback Tuesday as oil giant Aramco received more than...
The International Monetary Fund Tuesday worsened its forecast for Iran’s recession as U.S. sanctions bite, with Tehran’s slump denting overall growth in the...
From Dubai’s Burj Khalifa to Kuwait’s Al Hamra Tower, oil-rich Gulf economies built up their skylines in a hurry in the few years preceding the financial...
A plan by Qatar's sovereign wealth fund to make a significant investment in Deutsche Bank has stalled, according to two people with knowledge of the matter.
A London court Tuesday rejected a request from Turkey to appeal a decision against extraditing Turkish businessman Akin Ipek to face terrorism-funding, fraud...
Qatar filed global lawsuits against banks based in Abu Dhabi, Saudi Arabia and Luxembourg over the alleged manipulation of its currency in 2017.