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...
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...
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,...
Saudi Arabia offers Egypt $3bn in loans, grants
Saudi Arabia has agreed to provide Egypt with more than $3 billion in loans and grants to support Cairo’s economy.
Speaking on the sidelines of...
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...
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...
Libyan dinar slides more amid continued political deadlock
Libya's dinar has plunged to a new low on the black market amid continued political deadlock in this oil-rich country.
Traders were selling the dinar...
Media crisis in Lebanon
Upon no advertising revenue, Lebanon's newspaper 'The Daily Star' suspends print edition.
The newspaper, which is co-owned by the family of former prime minister Saad...
IMF cuts Saudi growth forecast on oil slide
Growth in OPEC heavyweight Saudi Arabia will slow to its lowest rate in seven years, the International Monetary Fund said Tuesday, as oil prices...
