Algerian billionaire Rebrab buys media group
Algerian billionaire Issad Rebrab, the country's wealthiest entrepreneur, has bought the El Khabar media group for around 40 million euros ($45 million), the group...
Workers rights get Qatar nod as ILO poised decide on abuse probe
DOHA, Oct 25 (Reuters) - Qatar has signed 36 worker protection agreements with countries that provide much of its labour force, state media reported...
Saudi to overhaul floundering financial district and economic cities
Saudi Arabia is revising plans for a glitzy financial district in Riyadh and the creation of six industrial cities, after the projects were plagued...
Saudi conglomerate Binladin avoids financial crisis
Saudi Binladin Group, the kingdom's biggest construction conglomerate, appears to have pulled back from the brink of a financial crisis that risked damaging the...
Oil prices rise on bargain-buying
Oil prices rebounded Friday after tanking nearly five percent the day before as bargain hunters swooped into the market.
The commodity plunged Thursday in response...
OECD: Go green to save the world and the world economy
The OECD urged Monday nations to step up environmental investments to ward off not only catastrophic climate change but to give the global economy...
Saudia to launch low-cost offshoot airline
State-owned Saudi Arabian Airlines plans to launch a low-cost offshoot next year under initiatives to restructure the kingdom's oil-dependent economy, official media said on...
Russia sees oil price of $45-$50 per barrel 'acceptable' as it prepares for freeze...
Russia believes an oil price at $45-$50 per barrel is acceptable for the global oil market to balance, as it prepares to meet leading...
Qatar forecasts $12.77 billion budget deficit
Energy-rich Qatar has forecast a budget deficit of more than $12 billion in 2016, citing a sharp drop in oil and gas prices, local...
Emirates airline says profits are up amid lower oil prices
The Middle East's biggest airline, Emirates, says its profits jumped by about 56 percent to $1.9 billion in the last fiscal year largely due...
