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...
IMF cuts global growth outlook again, warns of political risks
The International Monetary Fund warned on Tuesday of the risk of political isolationism, notably Britain's possible exit from the European Union, and the risk...
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...
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...
Media crisis in Lebanon
Upon no advertising revenue, Lebanon's newspaper 'The Daily Star' suspends print edition.
The newspaper, which is co-owned by the family of former prime minister Saad...
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...
Saudi to boost aid and investment in Egypt
Saudi Arabia has pledged a total of eight billion dollars in investment and aid to Egypt over the next five years, as Riyadh looks...
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...
OPEC meeting on output freeze unlikely without Iran progress
A meeting between oil producers to discuss a global pact on freezing production is unlikely to take place in Russia on March 20, sources...
