Stock markets in the energy-rich Gulf states nosedived at the start of trading Monday after oil prices crashed amid a price war after oil producers failed to reach agreement. Kuwait's Premier index tumbled 9.5 percent and trading was temporarily suspended, while the All-Shares Index lost...

LONDON (Reuters) - Lebanon’s banks are ready to talk with the country’s foreign creditors as the government seeks to restructure its debt, a source familiar with the matter said on Saturday. Houlihan Lokey has been appointed financial adviser by the Association of Banks in Lebanon...

 Iran’s Oil Minister Bijan Zanganeh said on Wednesday that the oil market was facing a surplus and needed to be balanced, SHANA, the news site of the Iranian oil ministry, reported. “There is no doubt that there is an imbalance in the supply and demand of oil. Right now, the supply...

Stock markets in the energy-rich Gulf states rebounded Monday, after huge losses in the previous session driven by fears over the impact of the coronavirus which has sent oil prices below $50 a barrel. Kuwait Boursa, which suspended trading Sunday after shedding over 10 percent, led the...