Saudi shares dive after deficit announcement
Saudi shares dived at the start of trading Tuesday a day after the oil-rich kingdom announced a record $98 billion deficit this year and...
Saudi Arabia will support Egypt despite oil price lowering
The drop in global oil prices will not deter Saudi Arabia from supporting Egypt's economy, its ambassador said on Thursday, adding Riyadh's support would...
Saudi Arabia foils large-scale fuel smuggling bid
Saudi Arabia, whose subsidised fuel prices are among the world's lowest, said Thursday it foiled a large-scale attempt to illegally export diesel fuel.
Nine million...
Dubai announces $270 million canal project
Officials in Dubai have announced a new, $270-million project to build homes and shops along part of the under-construction Dubai canal.
The project called Marasi...
Algeria’s public debt rises to 45% of GDP
Algeria has been under financial pressure after a fall in energy earnings and foreign exchange reserves amid growing demands from the country's 43 million...
Saudi petchems may continue rebound: MIDEAST STOCKS
Oct 12 Saudi Arabian petrochemical shares may continue rebounding on Monday on the back of firm oil prices and global equities, although most of...
Saudi projects $87 billion deficit for 2016
Saudi Arabia has announced a projected budget deficit in 2016 of $87 billion (327 billion riyals), as lower oil prices cut into the government's...
Falih slowly wins back OPEC for Saudis
Russian oil billionaire Vagit Alekperov isn't easily swayed, but Saudi Arabia's new Energy Minister Khalid al-Falih achieved it this week.
Intense diplomacy by the soft-spoken...
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...
Nokia bid for Alcatel-Lucent opens Wednesday
An all-share offer by Finnish telecom group Nokia for its French-American rival Alcatel-Lucent will open on Wednesday, the French financial markets authority (AMF) said.
If...
