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World Bank Signs $300 Million Loan for Nepal Quake Reconstruction

The World Bank on Sunday approved a $300 million loan for Nepal as the impoverished nation struggles to raise money to rebuild almost three years after an earthquake killed thousands and flattened homes.

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Saudi Arabia Calls for Oil Producers to Extend Cooperation

Top oil exporter Saudi Arabia called Sunday for extending cooperation between OPEC and non-OPEC producers beyond 2018, after a deal to cut output succeeded in shoring up prices.

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Yemen Government Announces Budget after Three-Year Hiatus

Yemen's cash-strapped government on Sunday released its first official budget since the Huthi rebels overran the capital Sanaa in 2014 and following a bailout from ally Saudi Arabia.

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British Biscuit Lovers Hit by Brexit Squeeze

A much-loved British biscuit has fallen victim to the Brexit-linked slump in the pound, as McVitie's Digestives on Friday said their packets will shrink.

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France to Host 140 Foreign CEOs for Pre-Davos Summit

Nearly 140 chief executives from companies around the world will gather at the Versailles Palace outside Paris on Monday, as the French government steps up its efforts to attract more foreign investors.

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Launch of the Lebanese Venture Capital and Private Equity Association

The Lebanese Venture Capital and Private Equity Association (LVCPEA) was officially launched last week bringing together a number of major players active in fund management in Lebanon, with the aim to exchange ideas, develop policies proposals and act as an advocacy group for the sector.

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US to Overtake Saudi as Crude Oil Producer, Says IEA

The United States are set to overtake Saudi Arabia as the world's number two oil producer this year, as shale companies, attracted by rising prices, ramp up drilling, the International Energy Agency said on Friday.

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Rising Yemen Currency Sparks Hope of Relief for Millions

A sharp rise in the currency of war-torn Yemen Thursday following a $2 billion Saudi bailout sparked hope of relief for millions at risk of famine and reliant on imported food.

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Iraq Signs Deal with BP to Develop Oil Fields Retaken from Kurds

Iraq signed a contract Thursday with British energy giant BP to develop oil fields in the northern province of Kirkuk that were retaken from the Kurds last year.

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Emirates Announced $16 bn Deal for 36 A380s for $16 bn

Emirates Airlines said Thursday it has struck a $16 billion deal to buy 36 Airbus A380 superjumbos just days after the European manufactuer said it would have to halt production without new orders.

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