Gulf economies to shrink 7.6% due to coronavirus, decline in oil prices: IMF
The Gulf states' economies could shrink by 7.6 percent this year in their deepest fall in decades, as the…
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oil prices
Oil prices seen their best quarter in 30 years
Oil prices registered their best quarterly performance in 30 years during the three months through to the end of…
Gold prices surged to highest 8 years as coronavirus flare unnerves investors
Gold prices surged to their highest in nearly eight years on Wednesday, while global shares cooled as signs of an…
International Energy Agency sees largest fall of oil demand in history in 2020
Oil prices have plummeted around 40 percent year-to-date, as lockdown measures designed to curb the spread of the…
Oil prices hit 3-month highs on expectations of deepest OPEC cuts
Oil prices continued to march higher on Wednesday, with Brent crude futures rising above $40 a barrel on…
Gold eases back as economies reopen; hopeful investors take on more risk
Gold prices eased back on Friday from its highest in nearly two weeks, as investors grew hopeful about economies…
Against all odds, Egyptian billionaire Naguib Sawiris says he would buy airlines
Egyptian billionaire Naguib Sawiris told CNBC on Tuesday he would buy airlines, going against fellow billionaire…
IMF: Middle East, Central Asia economies face ‘perfect storm’ amid coronavirus
The Middle East and Central Asia are facing a “perfect storm” due to the coronavirus, as the pandemic impact…
Moody’s cuts Saudi Arabia outlook to ‘negative’ on oil price crash
Moody's Investors Service has on Friday cut Saudi Arabia's outlook to "negative" from "stable", saying the oil…
Oil futures fall below $12 per barrel
West Texas Intermediate (WTI) crude futures for June delivery plunged 43 percent to settle at $11.57 per barrel.