Saudi banks Q3 results to reflect growing challenges
Stronger challenges facing Saudi Arabian banks are likely to be reflected in third-quarter results as earnings are hit by weak stocks, more delayed payments...
Europe shares rise as firm dollar takes shine off euro
European shares started the week strongly on Monday, buoyed by gains on Wall Street and a weaker euro, while the dollar rose after upbeat...
Oil slides on Kuwait-Saudi oilfield agreement
World oil prices sank on Tuesday after producers Saudi Arabia and Kuwait announced a deal to gradually resume production at a joint oilfield.
The agreement...
Saudi Arabian crude exports rise to 7.111 mln bpd in Sept
Saudi Arabia raised its oil exports in September by 113,000 barrels per day (bpd) to 7.111 million bpd from 6.998 million bpd in the...
UAE Etisalat sees 8% profit drop in Q1
UAE telecom giant Etisalat said Tuesday that its net profit dropped by eight percent to two billion dirhams ($545 million) in the first quarter...
Lebanon PM urges Saudi to reconsider aid package suspension
Lebanon's Prime Minister Tammam Salam on Friday urged Saudi Arabia to "reconsider" the suspension of a $3 billion aid package to its army to...
Turkish Airlines annual profit tops $1 bn for first time
Turkey's flag carrier Turkish Airlines on Tuesday said its full-year net profits topped $1 billion for the first time in its history as the...
Saudi Arabia to continue energy investments despite oil price drop- Naimi
Oct 2 Saudi Arabia is continuing with its investments in the oil and gas industry even with the current drop in oil prices, the...
BlackBerry exits Pakistan over data access row
BlackBerry said Monday it is exiting Pakistan rather than hand over its customers' private messages, after the government demanded access to encrypted data sent...
Abu Dhabi lays off staff as Gulf austerity tightens
Thousands of layoffs at state-linked companies in Abu Dhabi are a fresh sign the Gulf's wealthy oil states are hunkering down for a long...
