Financial News

ECB's bond buy gets mixed response in Brussels The leaders of Italy and France will rejoice at the ECB's decision to buy the debt issued...

Oxfam: Wealthiest 1 percent soon to own more than everybody else Charity Oxfam has issued a stark warning on wealth inequality ahead of the World...

Gold rush? Price on track for biggest weekly gain since 2013 Gold's move higher came despite a dollar up 0.5 percent against a basket of...

VW sells more than 10 million vehicles Germany's Volkswagen has cracked the 10 million vehicle mark, the first double-digit million-unit sales in the company's history....

Saudi projects 2015 budget deficit of 145b riyals Dubai: Saudi Arabia projected a budget deficit of 145 billion riyals (Dh141.98 billion) in 2015 for the...

Saudi to build Africa’s tallest skyscraper in Morocco The project’s working title is the “Al-Noor Tower” (Tower of Light in Arabic), but it is expected...

Iraq seeks delay of $4.6bn Kuwait war reparation Iraq’s Finance Minister Hoshiyar Zebari says Baghdad has been “committed” to paying on time to Kuwait but...

Pajala mine owner to file for bankruptcy Northland Resources, which owns an iron ore mine outside of Pajala in northern Sweden, announced Monday that it...

World's richest man tries to defend wealth inequality A review of French economist Thomas Piketty’s best-selling book “Capital in the 21st Century” by the world’s...

Can Qatar reach Develop Stock exchange status? As Qatar is formally included in the MSCI Emerging Markets Index with a 0.45 percent weighting, analysts debate...

Qatar's economic growth edges up to 5.7% in Q2 Qatar's economic growth picked up slightly to 5.7 percent on an annual basis in the second...