Eastern Libya ships first oil cargo in defiance of Tripoli
A government based in eastern Libya has shipped its first cargo of crude in defiance of authorities in the capital Tripoli, a bold move...
Saudi to overhaul floundering financial district and economic cities
Saudi Arabia is revising plans for a glitzy financial district in Riyadh and the creation of six industrial cities, after the projects were plagued...
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...
Qatar says to 'liberalise' fuel prices
OPEC member Qatar announced Tuesday that it will liberalise petrol and diesel prices amid concerns over the state budget with the fall of global...
UAE Etisalat sees 8% profit drop in Q1
UAE telecom giant Etisalat said Tuesday that its net profit dropped by eight percent to two billion dirhams ($545 million) in the first quarter...
Ambitious Saudi economic reforms up against 'vested interests'
Saudi authorities will have to confront a range of vested interests if they hope to pull off an ambitious plan to diversify the economy...
Uganda aim for oil production by 2018 after pipeline deal
A Ugandan official says hopes to produce crude oil by 2018 have been boosted by an agreement to build a pipeline through Tanzania to...
BP to cut spending after 80 percent drop in profits
BP said on Tuesday it could cut capital spending further after reporting an 80 percent drop in profits in the first quarter of the...
Saudi reform plan pleases markets
A sweeping economic reform plan announced by Saudi Arabia on Monday pleased the financial markets but fell short of convincing sceptics that the kingdom...
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...
