oil price

Oil steadies as Middle East tensions offset concern over China demand
Business

Oil steadies as Middle East tensions offset concern over China demand

Oil steadied on Wednesday as Chinese crude imports fell to a one-year low, but losses were offset by investor caution…
Brent oil price dives below critical $40 a barrel mark
Business

Brent oil price dives below critical $40 a barrel mark

Brent crude oil price dived below US$40 per barrel mark on Tuesday with OPEC's decision to not declare an official…
IMF chief urges Gulf to adapt to sustained oil price drop
Business

IMF chief urges Gulf to adapt to sustained oil price drop

International Monetary Fund chief Christine Lagarde warned Sunday that global energy prices could remain low for years and urged Gulf…
UPDATE: Egypt’s market tumbles as Emaar Misr sinks; Saudi drops
Business

UPDATE: Egypt’s market tumbles as Emaar Misr sinks; Saudi drops

 Egypt's stock market fell sharply early on Monday, sliding below major technical support, as leading property firm Emaar Misr sank…
Egypt does not see oil price drop hitting investments from Gulf
Egypt

Egypt does not see oil price drop hitting investments from Gulf

 Egypt does not expect Gulf Arab countries to reduce their investment in the country despite the fall in oil prices,…
Dana Gas CEO says oil price collapse could delay Egypt payments
Egypt

Dana Gas CEO says oil price collapse could delay Egypt payments

 The collapse in oil prices could delay the efforts of United Arab Emirates-based Dana Gas to recover overdue receivables from…
Iran says Saudi Arabia should move to curb oil price fall
World

Iran says Saudi Arabia should move to curb oil price fall

Falling world oil prices will hurt countries across the Middle East unless Saudi Arabia, the world's biggest crude exporter, takes…
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