Abu Dhabi sees strong demand for $5 billion bond offer
Abu Dhabi said Tuesday that it had seen strong investor interest in a $5 billion issuance of sovereign bonds, the first by the oil-rich...
Oil market recovery will continue, says OPEC chief
OPEC president Mohammed bin Saleh al-Sada said on Tuesday that the current oil market recovery would continue into the second quarter of the year...
Emirates airline says profits are up amid lower oil prices
The Middle East's biggest airline, Emirates, says its profits jumped by about 56 percent to $1.9 billion in the last fiscal year largely due...
Saudi Aramco to expand as oil demand grows
State oil giant Saudi Aramco, which could soon become the world's largest listed company, will keep expanding despite low crude prices, its president said...
Russian oil chief Sechin: OPEC unity effectively extinct
OPEC is effectively extinct as a united organisation and the time when it could determine global oil market conditions should be forgotten, Igor Sechin,...
Riyadh finance district project will transfer to Public Investment Fund
Saudi Arabia is to transfer ownership of Riyadh's floundering King Abdullah Financial District to the Public Investment Fund (PIF) from the Public Pension Agency...
Saudi Housing Ministry imposes annual tax on undeveloped land
Saudi Arabia has imposed an annual tax on undeveloped urban land, the Housing Ministry said on Sunday, finalising the rules for a system intended...
Crude prices up on Canada fires and Saudi oil minister replacement
Crude prices extended gains in Asia Monday as raging wildfires hit production in Canada, while traders digested news that Saudi Arabia had replaced its...
New Saudi oil minister believes in low prices and reform
It was January 2016 and oil prices had crashed to their lowest in more than a decade.
Saudi Arabia's health minister, Khalid al-Falih, a favourite...
Oil market jumps on output woes in Canada and Libya
Oil prices rallied Thursday with Brent breaching $45 a barrel on worries over output from Canada and Libya, while traders reacted also to falling...
