Row over sandy tracks hits Spain-Saudi rail project
It is the biggest contract Spanish firms have ever undertaken abroad, a high-speed railway linking Islam's holiest cities, Makkah and Medina, in Saudi Arabia...
Global watchdog flags slow "too big to fail" bank rule adoption
Many countries have not yet introduced laws allowing regulators to write down bank's debts to avoid taxpayer bailouts and prevent them being "too big...
New measures implmented to target ‘unethical’ online news portals
Electronic newspapers in Saudi Arabia are facing difficult times with the Ministry of Culture and Information announcing plans to implement a comprehensive corrective campaign...
Oil prices move up from 12 year lows as China shares rise
Oil prices rose modestly on Friday, still within reach of 11 and a half-year lows, boosted by a recovery in Chinese shares, but persistent...
Saudi inventors win seven medals at iENA-2015 expo
Saudi inventors made a mark in an international exhibition, winning seven medals including two gold, three silver and two bronze for their brilliant innovations.
Their...
Iran says oil exports still constrained after sanctions lifted
Iran still faces constraints on oil exports as buyers are cautious about boosting trade immediately because of banking and ship insurance difficulties, a senior...
Lebanon to discontinue paying outstanding Eurobonds
Lebanon, hit by a grinding dollar liquidity crunch amid its worst economic recession in decades, had set the stage for a default on its...
Oman to raise taxes and gas prices amid global oil slump
Oman is going to cut government spending and also raise taxes and gasoline prices to cover an anticipated budget shortfall in the coming year.
That's...
Saudi Yasref Oil Plant Running at Capacity as Margins Improve
Yasref oil refinery, a joint venture between Saudi Arabian Oil Co. and China Petroleum & Chemical Corp., is processing crude at full capacity of...
As big oil shrinks, boards plot different paths out of crisis before it's too...
As oil and gas companies cut ever-deeper into the bone to weather their worst downturn in decades, boards have adopted contrasting strategies to lead...
