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  • Savola dampens Saudi stock market

    Saudi Arabia’s bourse was mostly stable and Egypt rose in early trade on Thursday as a dovish US Federal Reserve statement boosted global equities and oil traded off its Wednesday lows.

  • Iran Negotiations
    Iran, West likely to reach nuclear deal: Saudi prince says

    Iran and the United States are likely to reach an agreement in talks over Iran's nuclear program, a senior Saudi Arabian prince said on Wednesday.

  • Saudi-Sweden
    United Arab Emirates recalls ambassador to Sweden after Saudi spat

    The United Arab Emirates has recalled its envoy to Sweden a week after Saudi Arabia did the same. The move came after the Swedish foreign minister denounced Saudi Arabia's flogging of a rights activist.

  • Oil
    Saudi oil: Peak conspiracy

    The Saudis have two choices with their oil: sell it now, or sell it later.

  • Islamic Finance
    The IMF and Islamic Finance

    Islamic finance has grown rapidly, even thought it is still a small share of the global financial market.  It has become systemically important in Asia and the Middle East, while the global issuance of Sukuk - the Islamic equivalent of bonds -  is expanding with remarkable international reach of issuer and investors.

  • Tunisia
    At least 8 killed in Tunisia museum attack

    At least seven foreigners and a Tunisian national were killed in a shooting attack at the country's leading museum Wednesday, the country's Interior ministry said.

  • Pakistan
    Gunmen kill former lawyer for CIA doctor

    Gunmen in Pakistan on Tuesday killed a former lawyer for the doctor who ran a fake vaccination program to help the U.S. locate Osama bin Laden, police said.

  • Global Oil Markets
    Oil prices fall further

    Brent crude fell towards $53 a barrel on Wednesday as US crude stocks were forecast to have surged for the tenth straight week to a new record high, fuelling supply concerns of a global oil glut, although a weaker dollar kept a floor under prices.

  • Anti-ISIS Campaign
    Report says Iraq forces turned on nearby villages after military victory

    Shiite militias and Iraqi government forces burned and looted dozens of villages, abducting at least 11 local residents, in the wake of a U.S.-supported operation against the Islamic State last year, a human rights group has charged in a new report.

  • Iran Negotiations
    Iranians express optimism over nuclear agreement

    A senior Iranian official suggested Tuesday that Iran is nearing a preliminary deal with the U.S and five world powers that would lead to a breakthrough eluding them for more than a decade — a formal pact limiting Tehran's ability to make an atomic weapon while easing punitive economic sanctions on the Islamic Republic.