Oil price glosses over OPEC problems
OPEC looks to be in a happier place with oil prices recovering, but its inability to agree an output ceiling to restrain the flow...
Samsung Galaxy Note 5 & S6 edge+ now available at KSA axiom stores
The Samsung Galaxy Note5 and S6 edge+, the latest flagship devices in the global smartphone leader’s family have hit axiom stores early.
Retailing at a...
Asia oil prices dip on oversupply concerns
Oil prices fell in Asia on Thursday as supply outlook improved with both commodities hovering close to the key $50 mark, worrying traders about...
Saudi Arabia opens retail sector to more foreign investment
Saudi Arabia has approved rules opening its retail sector to greater foreign investment, official media said on Tuesday, as part of wide-ranging economic reforms.
The...
Saudi says to ensure Binladin Group resolves wage issue
The Saudi labour minister vowed Tuesday to ensure the Binladin Group keeps a promise to resolve wage issues, amid reports of thousands at the...
Saudi energy minister: Oil market heading toward a balance, prices settling
The energy minister of Saudi Arabia, the world's largest oil exporter, and the secretary general of OPEC agree that the global oil market is...
Qatar energy minister says too early to predict OPEC outcome
It is too early to forecast the outcome of oil producer group OPEC's Dec. 4 policy meeting, Qatari energy minister Mohammad bin Saleh al-Sada...
Russian oil chief Sechin: OPEC unity effectively extinct
OPEC is effectively extinct as a united organisation and the time when it could determine global oil market conditions should be forgotten, Igor Sechin,...
Saudi confirms 'genuine' $681 million donation to Malaysian PM
Saudi Arabia has for the first time publicly confirmed Malaysia's claim that the Saudi royal family deposited $681 million into Prime Minister Najib Razak's...
GCC debt to double, assets to slide by 2020
Public debt of the oil-rich Gulf states is expected to double and assets decline by a third by 2020 as they seek to finance...
