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Stocks and Oil Rallies Falter

Europe's main stock markets ran out of steam Friday in an "uninspired" performance amid a dearth of economic data, dealers said.

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Five Residents Win Bid to Buy Scottish Island

Residents on a remote Scottish island of pristine beaches, lush hills and craggy coastlines celebrated on Friday after reaching an agreement to buy their home, fending off bids from tycoons.

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Brazil's Inflation Stays Tame at 0.22 Percent

Price rises in Brazil notched up ever so slightly in April with 0.22 percent inflation, but the rate for the first four months of the year hit its lowest since 1994, official statistics indicated Thursday.

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Bank of England Holds Rate, Cuts Growth Forecast

The Bank of England on Thursday left its key interest rate at 0.50 percent as it slashed the growth forecast for the British economy less than one year before Brexit.

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EBRD to Invest $3.3 Billion in Jordan Infrastructure Projects

The European Bank for Reconstruction and Development will invest 2.8 billion euros ($3.3 billion) in infrastructure projects in Jordan, according to a letter of intent signed Thursday in Amman.

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Qatar Workers Face Old Problems despite Reform Promises

Just a 10-minute drive from the International Labor Organization's new office in the Qatari capital, Nabin explains how his employer has not paid his wages in two months.

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Emirates Airline Profit More than Doubles on Cargo Demand

Leading Middle East airline Emirates said on Wednesday its net profits had more than doubled last year, mainly on improved cargo business.

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Saudi Ready to Raise Oil Supply after US Pullout from Iran Deal

Saudi Arabia, the world's largest oil exporter, has said it will take all necessary measures to prevent supply shortages following the US withdrawal from the Iran nuclear deal.

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Crude Surges after Trump Tears Up Iran Deal, Equities Turn Lower

Oil prices surged more than two percent in Asia on Wednesday after Donald Trump pulled the United States out of the Iran nuclear deal, fuelling fresh geopolitical uncertainty.

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African Growth Picks Up but Debt a Concern, Says IMF

Growth across sub-Saharan African will rise to 3.4 percent this year from 2.8 percent in 2017, but in the continent's poorest countries, debt is a major burden, the IMF said on Tuesday.

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