OPEC fails to agree policy but Saudis pledge no shocks
Saudi Arabia promised on Thursday not to flood the oil market with extra barrels even as OPEC failed to agree on output policy, with...
MIDEAST STOCKS-Oil weakness may dampen Gulf, land tax plan hit Saudi
Oct 20 Middle East stock markets may be soft on Tuesday because of weak oil prices and global equity markets, while progress towards imposing...
IEA say OPEC responsible for oil glut of supplies
Oil prices may have rebounded off 12-year lows struck last month, but any hope for a broader recovery in the market would be misplaced,...
Amanat Holdings to buy 35% stake in Saudi healthcare firm
Amanat Holdings, an education and healthcare company, is acquiring a 35 per cent stake in Sukoon International, a Saudi Arabian healthcare company.
Amanat, which has...
Shell reports 44 percent drop in 4th quarter earnings
Royal Dutch Shell said fourth-quarter earnings tumbled 44 percent as the collapse in oil prices took its toll on another European oil company.
Profit adjusted...
$120 mln needed for Sudan to fight Coronavirus
Sudan has reported 19 confirmed Coronavirus cases, including two deaths, but Altom said that "if it spreads, Sudan's situation health-wise and economically means it...
Societe Generale appoints Toussaint as Saudi head
Societe Generale has appointed Antoine Toussaint as its chief country officer and chief executive in Saudi Arabia, the bank said in a statement on...
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...
OPEC says oil glut 'may ease' by 2017 as non-cartel supply drops
OPEC said Friday a global crude glut that has squeezed the market and sent prices plunging over the past year "may be easing" as...
Oil prices down as Turkey fears ease
Oil prices extended their decline in Asia Tuesday as the global glut returned to focus, while worries about the effects of Turkey's coup on...
