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...
Saudi allows Binladin Group tenders days after layoffs
Saudi authorities have allowed construction giant Binladin Group to tender for public building projects in the kingdom again, local media reported, just days after...
OPEC, Russia head for oil cut extension but wary of overheating market
OPEC and Russia look set to prolong oil supply cuts until the end of 2018 this week while signalling that they may review the...
OPEC sees lower 2016 demand for its oil, pointing to higher surplus
OPEC on Monday predicted global demand for its crude oil will be less than previously thought in 2016 as supply from rivals proves more...
Gulf stocks tumble over Saudi-Iran tensions
Markets in Gulf Arab states tumbled Monday impacted by the growing tension between Saudi Arabia and Iran and global stocks rout over Chinese economic...
Saudi King Salman is committed to diversifying the economy
Saudi King Salman said on Wednesday the kingdom was committed to implementing programmes to diversify sources of income in order to reduce its dependence...
