Saudi takes steps out of welfare state under King Salman
Faced with a massive decline in oil revenues, Saudi Arabia's King Salman marked his first year in power by taking steps to end his...
Saudi-Iran tensions may threaten any OPEC deal
OPEC's thorniest dilemma of the past year - at least from a purely oil standpoint - is about to disappear.
Less than six months after...
South Africa's Zuma in Saudi to expand economic ties
South African President Jacob Zuma called for strengthening his country's economic ties with Saudi Arabia, during a visit to the kingdom on Sunday.
"While our...
UAE backs oil producers' output freeze plan
The United Arab Emirates has thrown its support behind a plan involving oil powerhouses Russia and Saudi Arabia to freeze oil production levels in...
Nigeria to split up state-run oil firm
Nigeria is to break up its state-run oil and gas firm into 30 separate companies, the country's junior oil minister announced, as part of...
Jeddah water project phase-II to be over by mid-2016
JEDDAH: Jeddah’s water shortage woes will be considerably over by the middle of next year, as the second phase of the project with a...
EasyJet warns on tough journey ahead for airlines
Airlines are facing one of their most challenging periods "for a long time", with peak summer bookings hit by terror attacks and Brexit uncertainty,...
Global Muslim body urges ban on products from Israeli settlements
A global Muslim body called Monday for a ban on products from Israeli settlements in the occupied territories and pledged full support for the...
Saudi Arabia plans new sovereign wealth fund
Saudi Arabia plans to create a new sovereign fund to manage part of its oil wealth and diversify its investments, and has asked investment...
Oil up as Kuwait revives hope for output freeze deal
Oil prices climbed in Asia Wednesday after Kuwait said an agreement to freeze output during a producers' meeting this month could still be reached...
