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EU Parliament Chief, Canada Minister in Bid to Save Trade Deal

EU parliament head Martin Schulz and Canada's trade minister Chrystia Freeland were meeting Saturday, saying they hoped to revive a trade deal threatened by the refusal of a Belgian region to sign on.

Schulz wrote on Twitter he would also meet with Wallonia's socialist government head Paul Magnette, who has moved to stop the bloc's 28 nations from signing the accord.

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EU's Juncker Hopes for Canada Trade Deal in a 'Few Days'

European Commission chief Jean-Claude Juncker said Friday he hoped that a stalled EU free-trade deal with Canada can be struck in the coming days.

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MTN Denies Illegal Transfer of $14bn from Nigeria

South Africa's MTN has denied allegations it illegally transferred $13.9 billion from Nigeria with the collaboration of top officials, in the latest scandal to hit the telecoms company in its largest market on the continent. 

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'Crazy' Hike in Saudi Visa Fees Could Impact Business Ties

A seven-fold hike in visa fees to do business in Saudi Arabia risks deterring the foreign investment needed to transform its oil-dependent economy, diplomats and other sources say.

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EU Leaders Await Fate of Blocked Canada Trade Deal

EU leaders on Friday were anxiously awaiting a breakthrough with the small Belgian region of Wallonia that is blocking a vast free trade deal linking Europe with Canada.

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ECB Keeps Key Interest Rates Unchanged

The European Central Bank kept its key interest rates at record lows at its policy meeting on Thursday, as calls grew for president Mario Draghi to shed light on his future stimulus plans. 

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HSBC: Saudi Arabia Raises $17.5 bn in First International Bond Offering

Saudi Arabia raised $17.5 billion in its first international bond issue, HSBC announced Thursday, after the bank took part in the transaction.

Saudi Arabia divided the issue into three tranches with maturities of five, 10 and 30 years respectively, HSBC said.

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Property and Credit Booms Stabilise China Growth

Chinese growth stabilized in the third quarter, data showed Wednesday, as ample credit and hot property markets propped up the world's second-largest economy.

But while the forecast-beating reading was in line with state targets, it came as experts warned that authorities have relied too much on easy credit, which has in turn increased financial risks.

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Saudi Chemical Giant Reports 6.8% Fall in Q3 Profit

Saudi petrochemical giant SABIC on Wednesday reported a 6.8 percent drop in net profit for the quarter ended September 30, compared with the same period last year.

Saudi Basic Industries Corp, the largest publicly traded firm in the Gulf, said net profit fell to 5.2 billion riyals ($1.4 billion) against 5.6 billion riyals in the third quarter last year.

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Chaos-Ridden Libya's Economy on the Brink, Say Experts

Political stalemate and the conflict rocking Libya are preventing the North African country from taking advantage of its vast oil resources and pushing the economy towards collapse, experts say.

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