Shell expects 4th Q profits to drop by at least 40 percent
Royal Dutch Shell expects its fourth quarter profits to drop by at least 40 percent to between $1.6 billion and $1.9 billion after a...
Iran central bank takes steps to shore up rial
Iran's central bank on Thursday announced a hike in deposit rates in a bid to shore up the value of the rial, after police...
Saudi businessmen investing $4 billion in projects in Egypt
Saudi businessmen are investing $4 billion in projects including the Suez Canal, energy and agriculture, and have already deposited 10 percent of that sum...
Saudi forex reserves stabilize at $659.5b
Saudi Arabia has managed to keep the level of its foreign exchange reserves stable at $659.5 billion at the end of October, according to...
Saudi monarch addresses Egyptian parliament
Saudi Arabia's king addressed the Egyptian parliament on Sunday, the fourth day of a visit that saw the oil-rich kingdom pledge billions of dollars...
Falih slowly wins back OPEC for Saudis
Russian oil billionaire Vagit Alekperov isn't easily swayed, but Saudi Arabia's new Energy Minister Khalid al-Falih achieved it this week.
Intense diplomacy by the soft-spoken...
PT Pertamina and Saudi Aramco ink pact for refinery upgrading project in Indonesia
Indonesia’s PT Pertamina and Saudi Aramco have signed a heads of agreement (HoA) to formalize key business principles for joint ownership, operation and upgrade...
Qatar National Bank investigating alleged data breach
Qatar's largest bank is investigating a security breach that appears to have exposed sensitive personal data for what could be hundreds of customers, including...
Israel sees trade with UAE at $4 billion a year
JERUSALEM, Sept 7 (Reuters) - Annual trade between Israel and the United Arab Emirates is expected to reach $4 billion, an Israeli minister said...
Gulf banks eyeing prospects in Iran
Gulf banks including Dubai's largest lender Emirates NBD are already meeting prospective clients and taking legal advice about entering Iran's financial system now that...
