Lockheed Martin separating unit, combining it with Leidos
Lockheed Martin is separating its information systems and global solutions unit, combining it with the engineering company Leidos so that it can focus on...
A 500 mln dinar increase in Kuwait ministries budget
Following the Coronaviurs outbreak, state news agency (KUNA) reported that Kuwait's cabinet approved a bill on Monday to increase the budget of ministries and...
Mobile phone companies’ decline in services angers customers
Telephone companies are one of the biggest projects in Saudi Arabia, where Saudi citizens and residents were globally rated as top Internet and phone...
Jewels still sparkle as Saudi potentially faces austerity
Saudi Arabia may be facing its biggest economic challenge in years but there's little talk of falling oil revenues or austerity at Riyadh's glittering...
Kuwait freedoms make austerity drive tricky for government
A three-day strike by oil workers in Kuwait last month over pay reforms shows the government faces considerable opposition as it prepares to push...
Qatar National Bank in $2.95 bn deal for Finansbank
Qatar National Bank said Tuesday it has agreed to buy a Turkish subsidiary of the National Bank of Greece for $2.95 billion (2.7 billion...
CEO hopes to settle Saudi firm's $6 billion debt
The acting CEO of a Saudi firm that has owed $6 billion in debts since a 2009 crisis says he's hopeful a tentative agreement...
Oil exports suspended from Libya oil terminal
Libya's National Oil Corp announced Thursday it had imposed a state of "force majeure" on one of the country's main oil terminals after exports...
Oil market is increasingly improving, Saudi oil minister says
BAGHDAD (Reuters) - The global oil market is improving and stabilizing, Saudi Oil Minister Khalid al-Falih said in Baghdad on Saturday.
In a speech at...
Dutch Shell executive reduce flaring in Venezuela following Iraq reductions
Mounir Bouaziz, who left Shell last year and is now an independent business developer, said he began talks last October with Venezuelan state oil...
