Bloomberg The International Monetary Fund has raised its economic growth forecasts for Saudi Arabia as oil prices rise, though the pace of expansion remains below government estimates. Gross domestic product will likely grow 1.6 percent this year, the IMF said, compared with an earlier forecast of 1.1 percent. The Washington-based lender also revised its 2019 economic growth forecast to 2.2 ...

Bloomberg Oil’s advance slowed after prices hit a new three-year high amid signs that US crude stockpiles increased last week. Futures were little changed in New York after closing at the highest level since December 2014. Industry data signalled inventories rose by 4.76 million barrels last week, which will be the first gain in 10 weeks if confirmed by a ...

KHOBAR / Reuters An advisory council to Saudi Arabia’s government has asked the kingdom’s securities regulator to study the impact of listing Saudi Aramco on the local bourse amid concern that a huge initial public offering could damage the market. The Shura Council’s fiscal committee has also asked the Capital Market Authority (CMA) to make sure that the stock market’s ...