IMF urges Gulf states to bring in taxes
The International Monetary Fund chief urged on Monday oil-exporting Gulf countries to introduce taxes, warning that low crude prices are likely to stay for...
BlackBerry exits Pakistan over data access row
BlackBerry said Monday it is exiting Pakistan rather than hand over its customers' private messages, after the government demanded access to encrypted data sent...
Acwa Power targets 2016 IPO on Kingdom’s bourse
Saudi Arabia-based power and water project developer, Acwa Power, is aiming for a stock market floatation on the Saudi bourse sometime next year, its...
Russia sees oil price of $45-$50 per barrel 'acceptable' as it prepares for freeze...
Russia believes an oil price at $45-$50 per barrel is acceptable for the global oil market to balance, as it prepares to meet leading...
IEA say OPEC responsible for oil glut of supplies
Oil prices may have rebounded off 12-year lows struck last month, but any hope for a broader recovery in the market would be misplaced,...
Apple to open retail store in Singapore powered only by sun
Apple will open its first retail store in Singapore, which will also be Southeast Asia's first to be powered solely by solar energy, officials...
Asian stocks struggle as oil falters, China weakens
Asian stocks held near the day's lows on Wednesday as a relapse in oil prices and fresh drops in Chinese stocks made sentiment even...
No sign of Saudi rescuing oil market
Low oil prices have pushed top exporter Saudi Arabia to hasten difficult economic reforms and cut spending on popular benefits, but it has few...
Hezbollah: Saudi should not collectively punish Lebanon
Hezbollah chief Hassan Nasrallah on Tuesday called on Saudi Arabia not to collectively punish Lebanon's people just because Riyadh disagreed with the Shiite movement's...
Oil price to fall further as market 'could drown in over-supply'
The oil price is set to fall further this year as supply vastly exceeds demand, with major oil exporter Iran's return to the market...
