Kuwait and Saudi Arabia are to suspend oil production from the neutral zone they share in June as part of cuts they agreed to shore up prices, a Kuwaiti official said. The OPEC oil cartel to which they both belong struck a deal with non-OPEC producers led by Russia in April to cut output by...

War-torn Syria's central bank warned Tuesday it would clamp down on currency "manipulators" as the value of the Syrian pound hit record lows against the dollar this week. In a statement, it said it "will not fail to take action against manipulators of the Syrian pound, including...

Japan's economy slipped into recession for the first time in 4-1/2 years, GDP data showed on Monday, putting the nation on course for its deepest postwar slump as the coronavirus crisis takes a heavy toll on businesses and consumers. The world's third-largest economy shrank for the second...

Emirates Group plans to cut about 30,000 jobs to reduce costs amid the coronavirus outbreak, reducing employees by about 30 percent from more than 105,000 at the end of March, Bloomberg News reported, citing people familiar with the matter. The company is also considering speeding up the...