DUBAI: Saudi Arabia is slowing a drive to cut its huge fiscal deficit in order to revive the economy, but the state budget plan for 2019 suggests it may not...
Iran is intervening in the foreign exchange market and threatening to engineer a dramatic recovery of its rial currency, easing pressure on the oil-exporting...
DUBAI: Prices for Dubai’s residential real estate sank 7.4 percent in the third quarter of 2018 from a year earlier, with the drop accelerating from a 5.8...
RIYADH: Saudi Arabia said it signed $56 billion of deals at an investment conference this week and expected the United States to remain a key business partner...
RIYADH: Saudi Arabia signed deals worth $50 billion Tuesday, showing it can still attract investment at a conference boycotted by Western politicians and...
DUBAI: A Western boycott of a major business conference in Riyadh next week suggests rising political risks in Saudi Arabia could harm its ambitions to...
DUBAI: Saudi Arabia’s currency fell to its lowest level in two years and its international bond prices slipped Monday over fears that foreign investment...
DUBAI/LONDON: Tomato paste is not the most obvious economic indicator, but in Iran, where it is a staple that some people have started panic-buying, it says a...
RIYADH: Saudi Arabia’s first comprehensive bankruptcy law went into effect last month, one of many reforms to the legal system that economists say may be more...
DUBAI: In Dubai’s posh Jumeirah Beach Residence district, luxury apartment rents are down about 15 percent from a year ago – a sign, some fear, that the...
DUBAI: Saudi Arabia’s economy began to recover in the first quarter of 2018 after shrinking for the first time in eight years during 2017, official data...
RIYADH: Nouf al-Anzy’s new life shows how Saudi Arabia’s social reforms are helping its struggling economy. Six months ago she got her first job, one of tens...
DUBAI: Saudi Arabia’s inclusion in global equity indexes and the planned privatization of oil company Aramco are expected to bring big inflows of overseas...
DUBAI: Iran’s President Hassan Rouhani may have to step back from some of his core economic policies in the face of nationwide protests by tens of thousands...
DUBAI: Slowing withdrawals of deposits from Qatari banks permitted Qatar’s government to stop pumping money into the banks last month to shield them from...
DUBAI: A purge of Saudi Arabia’s political and business elites briefly dragged down the kingdom’s stock market Sunday but prices recovered to close higher as...
RIYADH: Saudi Arabia announced Tuesday a $500 billion plan to build a business and industrial zone that links with Jordan and Egypt, the biggest effort yet to...
DUBAI: Saudi Arabia’s plans to sell state assets – including a stake in energy giant Saudi Aramco – are becoming even more important to its finances as a...
RIYADH/DUBAI: Saudi Arabia’s decision to end a driving ban for women is likely to save families billions of dollars, boost industries from car sales to...
DUBAI: Fresh cuts in the debt ratings of Bahrain and Oman underline a growing gap between the weakest Gulf Arab economies and the others – a gap which may not...
DUBAI/DOHA: When is $300 billion not enough? That question is key to Qatar’s future as some bankers and hedge funds speculate the super-rich state’s vast...
DUBAI/DOHA: A month after Saudi Arabia, the United Arab Emirates, Bahrain and Egypt severed diplomatic, trade and transport ties with Qatar, accusing it of...
DUBAI/ABU DHABI: Economic sanctions and poor liquidity have created chaos in the foreign exchange market for Qatari riyals, with the currency trading far...
RIYADH: Net foreign assets at Saudi Arabia’s central bank, a measure of its ability to support its currency, look set to fall sharply this year as oil prices...
DUBAI: Most Gulf stock markets fell Tuesday as the diplomatic crisis surrounding Qatar worried investors, while Egypt’s equities index climbed for an 11th...