Oil slides, strong dollar pulls Asian shares lower
Asian shares dropped on Thursday, with energy stocks taking a hammering from a slide in oil prices while a stronger dollar piled pressure on...
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...
Bahrain and Oman cut gas subsidies as oil hits 12-year low
Bahrain and Oman have reduced state subsidies on gasoline as the global oil price dips to its lowest since 2003.
On Tuesday, gas prices at...
Israel’s Bank Hapoalim expects to work with UAE banks once normalisation accord signed
DUBAI, Sept 9 (Reuters) - Israel's largest lender Bank Hapoalim expects to start working with banks in the United Arab Emirates once the two...
Saudi contractor MMG appoints new CEO
Saudi construction company Mohammad Al Mojil Group ( MMG ) has appointed Hafiz Shafei as its new chief executive officer, the company said.
Prior to...
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...
A bold plan and a big challenge
It is a tall order that the deputy crown prince Mohammed bin Salman has placed so emphatically on the table: to wean his country’s...
Saudi offers $1.5 billion to fund Egypt's Sinai projects
Egypt said on Sunday that Saudi Arabia has offered $1.5 billion to help finance economic projects in the Sinai Peninsula, as Riyadh continues to...
Oil trades above $44 on output freeze hopes
Oil traded above $44 a barrel in Asia Monday, extending gains on hopes crude producers would agree to freeze output at a meeting next...
OPEC says oil glut 'may ease' by 2017 as non-cartel supply drops
OPEC said Friday a global crude glut that has squeezed the market and sent prices plunging over the past year "may be easing" as...
