Business Blog

Saudi Arabia can cope with low oil prices for "at least eight years", Saudi Arabia's petroleum minister's former senior adviser has told the BBC.

CAIRO, Jan 19 (Reuters) - Egypt's pound EGP= weakened to 7.24 per dollar from 7.19 at a central bank auction on Monday, the weakest level it has been allowed to reach since auctions began in December 2012 and the second official depreciation this...

CAIRO, Jan 19 (Reuters) - Egypt's pound EGP= weakened to 7.24 per dollar from 7.19 at a central bank auction on Monday, the weakest level it has been allowed to reach since auctions began in December 2012 and the second official depreciation this...

* Chinese shares plunge 7.7 percent* Europe gears up for ECB, Greek election* Bond yields hit new lowsBy Jamie McGeeverLONDON, Jan 19 (Reuters) - Chinese shares chalked up their biggest one-day slide in nearly seven years on Monday after regulators there took steps to rein in speculative lending, while investors everywhere braced for what is shaping up to be a critical week in the euro zone.Expect

The Saudi authorities' decision to open the country's stock market to direct foreign investment will be a boon for regional investors, says Reda Gomma of Mashreq Capital.

The Saudi authorities' decision to open the country's stock market to direct foreign investment will be a boon for regional investors, says Reda Gomma of Mashreq Capital.