A peek into the Saudi economic reform plan
Here are the main points of the "Saudi Vision 2030" economic reform plan announced by Deputy Crown Prince Mohammed bin Salman and approved by...
Saudi Prince Mohammed unveils "Vision 2030" economic reforms
Saudi Arabia's Deputy Crown Prince Mohammed bin Salman announced a sweeping reform plan on Monday that he said would transform the kingdom into a...
Oil prices fall after news of possible oilfield expansion in Saudi
Crude prices fell in Asia Monday following a report saying Saudi Arabia could maintain its total production capacity with the expansion of an oilfield,...
IMF expects $500 billion revenue loss for Middle East oil exporters
Oil exporting countries in the Middle East lost a staggering $390 billion in revenue due to lower oil prices last year, and should brace...
Saudi King Salman replaces minister for water and electricity
Saudi Arabia's King Salman replaced the minister for water and electricity Abdullah al-Husayen on Saturday with Agriculture Minister Abdulrahman al-Fadhli, who will do the...
Egypt's pound flops on black market amid exchange crackdown
Egypt's currency is plunging to new lows on the black market, with traders selling it from between 11 and 11.15 Egyptian pounds to the...
Obama: U.S. and Gulf states will work together to deal with low oil prices
The United States and Gulf oil producers will work together to lessen the impact of low oil prices, President Barack Obama said in Riyadh...
Russia says ready to ramp up oil output, challenging Saudi
Russia said on Wednesday it was prepared to push oil production to historic highs, just days after a global deal to freeze output levels...
Saudi to take $10 billion foreign loan
Saudi Arabia will take a $10 billion loan from foreign banks to help close the gap in its state finances from collapsed oil revenues,...
Kuwait to restore full oil output in '3 days' after strike ends
Kuwait's state oil firm said Wednesday that it expects to restore full production within three days after staff ended a strike in a surprise...
