Saudi Arabia aims to diversify its economy beyond exporting of crude oil.
Economy

Saudi Aramco, SABIC sign memo to build huge oil-to-chemicals complex

$20-billion facility slated to open in 2025 will be the largest of its kind

27 November 2017
The Doha skyline
Economy

Qatar looks to build Asia ties as Gulf isolation drags on

World's top LNG producer wants to import more food and sell more gas

25 November 2017
Zimbabweans wave flags to welcome Chinese President Xi Jinping to Harare on Dec. 1, 2015.
Economy

China hopes for stable partner in Zimbabwe after Mugabe

Outlook unclear after protests against Chinese influence

22 November 2017
Saudi Arabia's King Salman, left, and Russian President Vladimir Putin attend a welcoming ceremony ahead of their talks in the Kremlin in October.
Commodities

Is OPEC about to make the biggest mistake of the year?

Complacency over extending crude production cuts could cost the organization dearly

21 November 2017
Japanese Foreign Minister Taro Kono told The Nikkei he hopes to have China and Russia work together more closely with Japan, the U.S. and South Korea on the North Korean threat.
Politics

Japan to propose dialogue with US, India and Australia

Foreign Minister Kono sees Japan playing key freedom of navigation role

26 October 2017
Saudi Crown Prince Mohammed bin Salman, right, and IMF Managing Director Christine Lagarde, left, spoke Tuesday at the Future Investment Initiative conference in Riyadh.
Economy

Saudi Arabia will mobilize giant fund to reduce oil reliance

Targeting $1tn in assets, PIF seen becoming world's largest sovereign wealth fund

25 October 2017
Every year, thousands of trucks are ferried from Turkey to Haifa, then drive to the Arab world. The new rail route would make transport cheaper and faster.
Economy

Israel invites Japan to spearhead rail project to Saudi Arabia

Minister offers a 25-year lease of the port where the route would start

24 October 2017
In October 2013, many Saudi women got behind the wheel to protest the ban.
Economy

Saudi Arabia to let women drive -- and double size of auto market

Kingdom wants to invite auto industry and create jobs as it shifts 'post-oil'

24 October 2017
Business and consumer confidence has improved in many countries, but investment demand is still lagging.
Economy

Economic breathing space is an opportunity to strengthen resilience

Tougher reforms needed to kick growth into higher gear

8 October 2017
Economists are trying to get to the bottom of sluggish inflation in the U.S. and elsewhere.
Economy

Unraveling the mystery of 'missing' inflation

Central banks confront curious case of stronger growth, stagnant prices

5 October 2017
A man watches a news report on North Korea firing a missile that flew over Japan's northern island of Hokkaido and out into the Pacific Ocean, in Seoul on Sept. 15.
Economy

Vietnam and Japan would be among hardest hit by a Korean conflict

Moody's and the World Bank warn of serious economic consequences to Asia

4 October 2017
Funds raised globally through ICOs soared in the April-July period. (Photo by Ken Kobayashi)
Economy

ICOs: dream for startups, nightmare for regulators

Millions raised in seconds, but questionable practices rife

18 September 2017
Turkish President Recep Tayyip Erdogan at a news conference in Istanbul on Sept. 8.
Economy

Turkish GDP up 5.1% for April-June

Stimulus spending propped up growth

12 September 2017
Brazil's food prices are falling as inflation subsides, giving the government room to rebuild the economy with interest rate cuts.
Economy

Emerging nations pivot toward monetary easing

Low inflation, smaller outflow risks present a window of opportunity

24 August 2017
A gas production facility in Ras Laffan in northern Qatar
Economy

Can Western oil giants break the Gulf impasse?

Isolated Qatar appears to be hoping for just that

17 August 2017
Honda cars are assembled at the automaker's plant in Kocaeli, western Turkey.
Economy

Turkish auto exports expected to hit record high in 2017

Demand from Europe strong, but domestic sales sag amid political turmoil, sluggish tourism, weak lira

14 August 2017
Construction of roads, airports and railroads has increased this year, boosting demand for front-end loaders, excavators, cranes and trucks.
Economy

China boom sparks heavy machinery comeback

Infrastructure spending boosts demand, yet makers remain cautious

28 July 2017
Sultan Ahmed Al Jaber, group CEO of Abu Dhabi National Oil Co.
Economy

UAE oil giant eyes foreign partnerships to tap Asian markets

CEO sees deal as early as this year to renew Japanese stakes in Abu Dhabi fields

28 July 2017
Ecuador has decided to keep its oil rigs -- like this one in Tiputini -- pumping as much as they were before the country agreed to trim production.
Economy

OPEC needs clearly defined endgame to tame oil glut

Only patience is keeping a production restraint pact from unraveling

24 July 2017
Anti-Erdogan demonstrators rally in Istanbul on July 9.
Economy

Turkey pays heavy price for Erdogan's authoritarian touch

Investment, tourism, currency all continue to suffer a year after coup attempt

15 July 2017
Indian Prime Minister Narendra Modi hugs 11-year-old Moshe Holtzberg, a survivor of the 2008 Mumbai attacks, in Jerusalem on Wednesday as Israeli Prime Minister Benjamin Netanyahu looks on. (Photo courtesy of India's Press Information Bureau)
International relations

India, Israel take relationship to the next level

Deals sealed in space, agriculture, water as leaders vow to fight terrorism

6 July 2017
Saudi Arabia's Crown Prince Mohammed bin Salman sits during an allegiance pledging ceremony in Mecca, Saudi Arabia June 21, 2017.(Courtesy of Saudi Royal Court)
Politics

New Saudi Crown Prince hopes to diversify away from oil

Mohammed bin Salman battles against time to implement ambitious economic reforms

5 July 2017
Mevlut Cavusoglu
Economy

Turkey's foreign minister highlights a shift toward Asia

For decades, Ankara has looked to Europe as its role model; that is changing

29 June 2017