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...
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,...
Iraq's food business grows despite war and economic slump
Iraqi businessman Zaid Nazo has always been sure of his nation's deep passion for food and wasn't afraid to dream big when he transformed...
Oil prices recover slightly
Oil prices rose slightly on Tuesday, with Brent prices bouncing back from 11-year lows caused largely by a global oversupply of crude.
Approaching midday in...
Qatari state fund buys stake in NY's Empire State Building
Qatar's sovereign wealth fund has made an iconic purchase in America — a stake in the company that owns New York's Empire State Building.
The...
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...
Richest 62 people own same as half world's population – Oxfam
The wealthiest 62 people now own as much as half the world's population, some 3.5 billion people, as the super-rich have grown richer and...
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...
BP to cut 4,000 jobs amid oil price plunge
Oil company BP is cutting some 4,000 jobs in exploration and production over the next two years amid sharp drops in the price of...
Deputy Crown Prince chairs first meeting of Supreme Council of Saudi Aramco in Jeddah
The Supreme Council of the Saudi Arabian Oil Company (Saudi Aramco) held its first meeting on Wednesday evening in Jeddah.
The meeting was chaired by...
