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Saudi, Jordan Sign Deal on $3 Billion in Jordan Investments

Jordan's state media say public and private sector officials from Saudi Arabia and Jordan have signed 15 economic agreements, including establishing a joint fund that will launch an estimated $3 billion worth of investments in Jordan.

The Petra news agency says the agreements were signed after a meeting late Monday between Saudi King Salman and Jordan's King Abdullah II.

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Saudi Cuts Taxes on Oil Firms ahead of Aramco Sale

Saudi Arabia on Monday cut taxes on oil companies in a major move that could attract investments in its energy giant Aramco, expected to be offered to investors in 2018. 

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Oxfam Exposes Tax Haven Habits of EU Big Banks

The twenty biggest banks in the eurozone booked over a quarter of their 2015 profits in tax havens, with Luxembourg and Ireland the favorite destinations, a report by Oxfam said on Monday.

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Dubai's Emaar Malls Rivals Amazon with $800m Souq.com Bid

Dubai's Emaar Malls has offered $800 million to buy Souq.com, the Middle East's largest online retailer, it said Monday, challenging a reported offer by global giant Amazon. 

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First Warning Signs Appear for UK's Resilient Economy

Britain's economy has for months defied the cataclysmic predictions made by campaigners for staying in the EU ahead of last year's referendum but its smooth run shows signs of hitting the skids.

As Britain begins the delicate process of extracting itself from the European Union, headwinds are expected for the economy even though the forecast financial storm has so far failed to materialise.

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German Business Morale Hits Five-and-a-Half Year High

German business confidence rose to its highest level in more than five and a half years in March, a regular survey showed Monday, beating analysts' forecasts for a slight decline. 

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Britain Prepares to Launch Brexit

Britain will take an unprecedented step into the unknown on Wednesday with the first formal move towards leaving the European Union, starting a two-year process that has already divided the country.

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Oil Producers Meet on Output Cuts, Possible Rollover

OPEC and non-OPEC producers began meetings in Kuwait on Sunday to assess the impact of a milestone production cuts deal and to decide on whether to recommend they be extended.  

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Iran to Appeal Seizure of 9/11 Compensation Money

Iran's central bank said Sunday it will appeal Luxembourg's decision to freeze $1.6 billion of its assets, which the U.S. is claiming as compensation for victims of the September 11, 2001 attacks.

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Le Pen Plan to Jettison Euro Spooks French Business

The euro -- and her fervent wish to withdraw from it -- is a central theme of every stump speech by French far-right presidential candidate Marine Le Pen, topping her list of 144 election pledges.

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