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...

Stock markets in the oil-rich Gulf states plunged on Sunday over fears of the impact of the coronavirus, which also battered global bourses last week. All of the seven exchanges in the Gulf Cooperation Council (GCC), which were closed Friday and Saturday for the Muslim weekend, were hit as...