Saudi pricing shows oil volatility in action amid oversupply
Saudi Arabia's decision to lower prices for oil loading in November shows that the battle for market share in an over-supplied Asian crude market...
Saudi government to increase water prices
Saudi Arabia will increase the price of water for non-residential consumers, local media reported, a sign the government is cutting back an expensive system of...
Oil will blow past $80 a barrel in 2016
The next big move in the price of oil will be up. For now, OPEC producers are flooding the market with cheap crude. But...
Dubai to inject capital into Emirates Airline
Emirates Airline, with its vast fleet of 271 wide-body aircraft, is the largest carrier in the Middle East and has huge strategic importance for...
Israel seeks 'solution' over Egypt gas row
Israel announced Tuesday that it was sending an envoy to Cairo to find a solution after Egyptian firms were ordered to pay $1.76 billion...
EasyJet warns on tough journey ahead for airlines
Airlines are facing one of their most challenging periods "for a long time", with peak summer bookings hit by terror attacks and Brexit uncertainty,...
OPEC and Russia talk of oil teamwork, but Saudi talks of investment
Senior OPEC and Russian oil industry officials stepped up vague talk on Monday of possible joint action to remedy one of the worst supply...
Domestic focus may limit clout of $2 trillion Saudi fund
Saudi Arabia aims to create the world's biggest sovereign wealth fund, a $2 trillion behemoth that can throw its weight around global markets, but...
$10 billion Saudi funds boost for Jordan trade
A 40-member Saudi trade delegation has headed for Amman to participate in the Jordanian-Saudi Economic Forum, which concludes on Thursday.
The delegation headed by Mohammed...
Oil market recovery will continue, says OPEC chief
OPEC president Mohammed bin Saleh al-Sada said on Tuesday that the current oil market recovery would continue into the second quarter of the year...
