Warren Buffett says US economy weaker than he expected
Billionaire Warren Buffett says the U.S. economy appears weaker than he thought it would be as recently as last fall, but that doesn't change...
Asian markets fall on oil price dip
Oil prices struggled at seven-year lows Tuesday, sending Asian energy firms plunging in line with their US and European counterparts after OPEC's decision to...
Saudi job creation dries up as oil price slumps
Saudi Arabia's plans for economic reform foresee winding down 'jobs for life' in an inefficient state bureaucracy and replacing them with new careers in...
Oil slip on Saudi comments
World oil prices dipped Monday as Saudi Arabia cast doubt on whether a key producers meeting would reach an agreement to freeze output to...
Eastern Libya ships first oil cargo in defiance of Tripoli
A government based in eastern Libya has shipped its first cargo of crude in defiance of authorities in the capital Tripoli, a bold move...
Samsung Engineering reaches milestone in Saudi Arabia project
SAMSUNG Engineering Co., Ltd, revealed that it has reached a major milestone is terms of safety with Aramco’s Shaybah project. Samsung achieved the new...
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...
Kuwait spending on projects despite oil slump
Kuwait awarded projects worth a record $32 billion last year and plans to raise the figure in 2016 despite a sharp decline in oil...
Russia eyes global deal on oil output in April, Iran seen exempt
A global deal to freeze oil production could be signed in April and exclude Iran, which has the right to boost output after years...
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...
