Sterling on the cover of Spanish publication AS

Saudi Arabia announced a multi-billion dollar investment plan to develop the Al-Jafoura Field in the Eastern Province, which holds trillions of gas resources in the vast reserves The Higher Committee for Hydrocarbons, in a meeting chaired by Crown Prince Mohammad Bin Salman, revealed plans to develop the Al-Jafoura Field, which is

Oil falls over 2% on concerns over economic toll from virus

BENGALURU - Oil prices slid more than 2% on Friday as investors fretted about crude demand being pinched by the economic impact of the coronavirus outbreak, while leading producers appeared to be in no rush to curb output. The latest signs of infections outside the Hubei province epicentre spurred a selloff

Global watchdog places Iran on terrorism financing blacklist

Paris - A global dirty money watchdog on Friday placed Iran on its blacklist after the country failed to comply with international anti-terrorism financing norms. The decision comes after more than three years of warnings from the Paris-based Financial Action Task Force (FATF) urging Tehran to enact terrorist financing conventions. However, the

IMF experts meet Lebanese PM at start of visit

BEIRUT - A team of IMF experts met Prime Minister Hassan Diab on Thursday at the start of a visit to provide Lebanon with advice on tackling a deepening financial and economic crisis, an official Lebanese source said. The IMF has said the team will visit until Feb. 23 and provide