Oman funds Iran's Khodro sign MoU for $200 million auto venture
An Omani sovereign wealth fund has signed an understanding with Iran's biggest auto maker, Iran Khodro Industrial Group, to study a proposal for a...
Chinese businessman grows Asian Halal meat industry
The wine-swilling co-founder of Sai Wai Xiang Halal Foodstuff Co enjoys his pork and does not follow Islam, but still sells more than $50...
Al Qaeda still reaping oil profits in Yemen despite battlefield reverses
Al Qaeda may have been pushed out of the enclave it carved out in Yemen as the country descended into civil war, but the...
White House: Not in Saudi interest to destabilise global economy over 9/11 bill
The White House expressed confidence on Monday that Saudi Arabia would not follow through on a reported threat to sell U.S. assets if Congress...
Saudi's first privately run air terminal contract awarded to Irish firm
A subsidiary of state-owned Irish airport operator DAA has won the bid to operate Saudi Arabia's first privately run terminal, official media in the kingdom...
Oil prices rebound along with stocks
Oil prices rose Tuesday, benefitting from the same bounce that lifted equity markets which had been sagging since Britain's surprise decision to leave the...
Are Israel’s war crimes no longer good for business?
Israeli arms companies promote their products as “combat proven.” That choice of words suggests Israel’s ability to test weapons on Palestinians has become a...
Cigarettes off Saudi shelves amid price rise speculation
Cigarettes had disappeared from the shelves in some Saudi cities on Sunday amid speculation on social media that the government was about to raise...
Venezuela proposes non-OPEC oil producers attend Vienna meeting
Venezuela has proposed that non-OPEC oil producers attend the group's June meeting in Vienna to continue "dialogue and coordination," according to a letter from...
Oman builds industrial outpost in desert to diversify economy
On a stretch of barren coast 550 km (345 miles) south of the capital Muscat, workers at a ship repair yard swarm over cargo...
