Saudi allows Binladin Group tenders days after layoffs
Saudi authorities have allowed construction giant Binladin Group to tender for public building projects in the kingdom again, local media reported, just days after...
Oil weakness clouds outlook for Gulf corporate bonds
The dramatic decline in crude oil prices over the past year has left some corporate and infrastructure companies in the Gulf Cooperation Council (GCC)...
Kuwait to restore full oil output in '3 days' after strike ends
Kuwait's state oil firm said Wednesday that it expects to restore full production within three days after staff ended a strike in a surprise...
Gulf economic slowdown sees foreign workers trapped by debts
The economic slowdown gripping countries across the Arabian Gulf can be seen in layoffs, slowed construction projects and government cutbacks. For the millions of foreign...
Saudi Yasref Oil Plant Running at Capacity as Margins Improve
Yasref oil refinery, a joint venture between Saudi Arabian Oil Co. and China Petroleum & Chemical Corp., is processing crude at full capacity of...
France warns Lebanon risks collapse after explosion, crisis
BEIRUT (AP) — Lebanon is in such a deep political and economic crisis the country risks collapsing altogether, France’s foreign minister said Thursday, ahead...
Saudi reforms may not prevent looming economic slump
At a three-day conference in Riyadh this week, hundreds of Saudi Arabian officials and businessmen discussed ways to rescue the economy from low oil...
Asian stocks rebound after Paris attacks
Asian stock markets bounced back on Tuesday as investors looked past last week's attacks in Paris. Tokyo stocks rose on expectations for further stimulus...
ISIS fighters hit with 50% paycut due to airstrikes
The Islamic State (ISIS) militant group has been forced to cut its fighters' pay by up to 50 percent because U.S.-led air strikes have...
Saudi considering lifting export curbs on cement, steel
Saudi Arabia is considering lifting partial export bans on cement and steel to relieve oversupply in the local market, economic news website al-Eqtisadiah quoted...
