Global shares rose for the fourth straight day on Tuesday and oil followed suit as hopes of fresh U.S. stimulus teed up a strong end to the year for riskier assets. The MSCI World Index was up 0.3% at 0751 GMT, extending recent gains after gains in Asia, where Japanese stocks hit a 30-year...

Oil was little changed on Monday as optimism over the U.S. stimulus package and the start of a European vaccination campaign was offset by weak demand and the prospect of higher OPEC+ output. After U.S. President Donald Trump backed down from a threat to block a $2.3 trillion package to...

Iran's state gas company said on Monday it had slashed supplies to neighbouring Iraq over arrears of more than $6 billion, after the Iraqi electricity ministry said the cuts placed Baghdad and other cities at risk of serious power shortages. "The Iraqi Ministry of Electricity owes more than...

 The U.S. dollar edged higher on Thursday, while sterling gained in a holiday-thinned session, after Britain and the European Union struck a post-Brexit trade deal, raising hopes the United Kingdom can avoid a turbulent economic departure at the end of the year. Financial markets are...

Iraq's government has agreed to sign a $2.625 billion contract with South Korea's Daewoo Engineering & Construction (047040.KS) to build the first phase of a giant commodities port in the south of the country, a port manager said on Wednesday. The long-planned and repeatedly delayed...

Oil prices dropped on Wednesday after an industry report showed an unexpected rise in U.S. crude oil inventories, and as President Donald Trump rattled markets by threatening not to sign a long-awaited U.S. COVID-19 relief bill. Brent crude futures were down 38 cents, or 0.8%, to $49.70 a...

Oil prices dropped more than 3% on Monday, as a fast-spreading new coronavirus strain that has shut down much of Britain and led to tighter restrictions in Europe fuelled worries about a slower recovery in fuel demand. Brent crude slid $1.74, or 3.3%, to $50.52 a barrel by 0745 GMT after...

Apple Inc said on Monday it is investigating whether a Taiwan contractor, Wistron Corp, flouted supplier guidelines at an iPhone manufacturing facility in India, after some workers ransacked the plant in a protest over unpaid wages. Thousands of contract workers gathered on the grounds of...

Wall Street’s main indexes opened higher on Monday as travel stocks surged on the launch of a nationwide COVID-19 vaccine campaign, while Alexion Pharmaceuticals jumped following a bumper buyout offer from Britain’s AstraZeneca. The Dow Jones Industrial Average rose 77.54 points, or 0.26%,...

A pro-regime industrialist submitted a proposal to expand pig farming in Syria, as a move to reinvigorate the regime’s treasury, with the unprecedented economic crisis continuing to spiral. Industrialist Atef Tayfour said that regime officials should establish pens for raising and...

Although the OPEC+ group's decision last week to increase crude oil production by approximately 500,000 barrels per day (bpd) every month starting from January is contrary to market expectations, it will keep oil prices in a range between $40 and $50 in the first quarter of 2021, experts said...

The Istanbul Airport saw the highest number of flights in Europe from Nov. 28 to Dec. 4, according to the European Organization for Air Navigation Safety (EUROCONTROL) on Sunday. The airport saw 471 flights on Nov. 28, 542 flights on Nov. 29, and 496 flights on Nov. 30, according to...

The US has canceled five cultural exchange programs with China because Beijing uses them as propaganda tools. "While other programs funded under the auspices of the Mutual Educational and Cultural Exchange Act (MECEA) are mutually beneficial, the five programs in question are fully funded...

Turkey's lira slipped on Friday after US lawmakers included mandatory Turkish sanctions in a defence spending bill that moves Washington a step closer to punishing its NATO ally for buying Russian S-400 missile defences last year. The final version of the $740 billion annual US defence...

 Oil prices were steady on Wednesday as the market awaits a pact from producers on output and Britain became the first country to approve a COVID-19 vaccine for use, boosting hopes for a future recovery in oil demand. Prices were hit by a surprise build in oil inventories in the United...

The United Arab Emirates came out of OPEC heavyweight Saudi Arabia's shadow this week by demanding better adherence with oil supply cuts, effectively delaying the latest strategy decision by OPEC and its allies by a few days, sources told Reuters. The unusual move highlights the UAE's...

Many young people do not prefer to stay jobless, so they resort to opening small projects that will let them earn a small income. Here are five small projects that do not cost more than $ 500 and anyone can open as it does not require much experience. Local cleaning...

Saudi Arabia formally suspended imports of meat, eggs and other products from Turkey earlier this month, the Turkish exporters’ union said, after a months-long informal boycott of Turkish goods over political tensions between the two regional rivals. Turkish exporters have reported...

When Kuwait emerged from a monthslong coronavirus lockdown, hundreds of Kuwaitis flocked to reopened stores, the lines clogging malls, snaking through hallways and spilling onto sidewalks. But unlike much of the world, where long lines formed for donated food, Kuwaitis were waiting to...

Saudi Aramco began marketing a five-tranche U.S. dollar-denominated bond sale on Tuesday, as the world's largest oil producer seeks cash after low oil prices dented its finances. The move is part of an onslaught on international debt markets by Gulf issuers seeking to plug finances hit by...