Online streaming top earner for US music business
Streaming has become for the first time the top money-maker for the US recorded music business, but it has struggled to offset falling CD...
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...
IMF expects $500 billion revenue loss for Middle East oil exporters
Oil exporting countries in the Middle East lost a staggering $390 billion in revenue due to lower oil prices last year, and should brace...
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...
Kuwait in deal to import 2.5 million tons of liquefied gas
Kuwait's state oil company has signed deals to import 2.5 million tons of liquefied gas per year into the country to help power electricity...
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...
Oil stages modest rebound
Oil rebounded on bargain-buying Wednesday after the previous day's plunge but analysts warned any gains would be limited as the global glut showed no...
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,...
Qatar gasoline prices hike by 30 percent at midnight
Qatar will raise its subsidized gasoline prices by at least 30 percent at midnight Friday, the state fuel company said, the latest Gulf country...
Saudi Prince Sultan bin Salman says jobs are top priority
Saudi Arabia's Prince Sultan bin Salman said Tuesday that after years of his government "throwing funding" into sectors that failed to boost the economy,...
