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...
Qatar 'optimistic' ahead of crunch Doha oil talks
Qatar said Thursday there was an "atmosphere of optimism" that an agreement would be reached at this weekend's crunch meeting of the world's major...
Saudi Aramco to expand as oil demand grows
State oil giant Saudi Aramco, which could soon become the world's largest listed company, will keep expanding despite low crude prices, its president said...
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...
Russia leaves door open to OPEC deal even as output hits high
Two senior Russian officials talked up potential cooperation with OPEC to prop up prices, but data showed oil production in Russia hit a post-Soviet...
UAE’s Landmark Group halts sale of Trump products after 'Muslim ban' remarks
Dubai-based retailer Landmark Group has suspended the sale of Trump-branded home decor products in its Lifestyle stores after the recent statements made by US...
Pakistan to receive $497mn tranche of IMF loan
The International Monetary Fund announced Thursday it would release the latest instalment worth $497 million of a three-year economic bailout package to Pakistan, while...
Saudi's Bahri says signs 700 million riyal loan for oil tankers
The National Shipping Company of Saudi Arabia has signed a 700 million riyal ($186.7 million) loan to partly-finance the purchase of three very large...
Saudi economic reform plan aims for revenue surge
Saudi Arabia plans to more than triple the government's non-oil revenues and clamp down on public-sector salaries over the next five years, ministers said...
Abu Dhabi's powerful wealth fund sticks to long-term plan
The Abu Dhabi Investment Authority says it is committed to a long-term investment strategy despite a slump in oil prices and concerns about slower...
