Liquidity crisis, jobs at risk at Middle East airlines
The International Air Transport Association (IATA) said on Thursday that Middle East airlines are facing a liquidity crisis and hundreds of thousands of jobs...
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...
Oil prices tumble 7%: Tadawul edges down
Stock markets across the Middle East fell on Tuesday alongside steep drops in global stock
prices because of renewed uncertainty about the state of China's...
Total fined 750,000 euros over Iraq 'oil for food' graft
French energy giant Total was ordered on appeal Friday to pay 750,000 euros for siphoning cash from the UN "oil-for-food" programme that aided sanctions-hit...
Dubai's Dnata buys stake in Brazil airport services firm RM
The company that runs Dubai-based airline Emirates says it has bought a majority stake in a Brazilian firm that provides ground handling services at...
Samsung Engineering reaches milestone in Saudi Arabia project
SAMSUNG Engineering Co., Ltd, revealed that it has reached a major milestone is terms of safety with Aramco’s Shaybah project. Samsung achieved the new...
Dubai airport expands again with opening of new concourse
The world's busiest airport for international travel is growing again.
Dubai International Airport opened a new concourse Wednesday with the arrival of a British Airways...
Oil in 'tumultous' week after output freeze deal
The oil market was gripped this week by an output freeze deal between the world's top two producers Saudi Arabia and Russia.
Prices initially rebounded...
Saudi to save $7 billion from energy reforms
Saudi Arabia is expected to save $7 billion a year after it introduced unprecedented energy price rises in a bid to offset the low...
Jubeir: Saudi will not cut oil production
Saudi Arabia is "not prepared" to cut oil production, its foreign minister said on Thursday, after the top exporter agreed with Russia to freeze...
