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IMF cuts Saudi Arabia 2016 growth forecast as oil price stays low

The International Monetary Fund has cut its economic growth forecast for Saudi Arabia’s non-oil sector this year to 0.3 per cent, underlining the depth of the slowdown in the oil-dependent…

Egyptians feel the pain in Sisi’s push to seal $12bn IMF loan

In messages splashed across billboards lining Cairo’s streets, the government is trying to convince long-suffering Egyptians of the virtues of economic reform — and prepare them for looming price shocks.…

Egyptian president plays down Saudi suspension of oil deliveries

Abdel Fattah al-Sisi, Egypt’s president, has played down Saudi Arabia’s decision to suspend oil shipments to his country, denying that it was the result of differences between the two states…

Global trade: Blocking moves

The attacks began in February 2010 when an email disguised as being from US Steel’s chief executive landed in the inboxes of two dozen employees. Within weeks, “UglyGorilla”, a Chinese…

Riyadh and Tehran pour oil on troubled waters

©AP Saudi Arabia and Iran are sworn enemies on opposite sides of proxy wars tearing through the Middle East. But at a marble-halled conference centre on the outskirts of Algiers…

Opec deal: How Riyadh and Tehran poured oil on troubled waters

Saudi Arabia and Iran are sworn enemies on opposite sides of proxy wars tearing through the Middle East. But at a marble-halled conference centre on the outskirts of Algiers that…

Saudi Arabia cuts public sector bonuses

©Bloomberg Saudi Arabia has cut public sector bonuses and benefits for the first time since the collapse in oil prices, in a move that underlines the depth of the fiscal…

Saudi Arabia cuts public sector bonuses in oil slump fallout

Saudi Arabia has cut public sector bonuses and benefits for the first time since the collapse in oil prices, in a move that underlines the depth of the fiscal crisis…

Fox seeks stronger ties with Gulf states

©Bloomberg Liam Fox, international trade secretary, is pressing ahead with informal discussions on future deals outside the EU Liam Fox is looking to deepen the UK’s trading relationship with the…

Digital idealist’s Middle East vision

©AFP Israeli president Reuven Rivlin (L), Shimon Peres (C) and PM Benjamin Netanyahu, use VR goggles at Peres Center Few countries owe their survival to innovation. Israel is one. With…