Saudi oil minister considers raising energy prices in Saudi Arabia
Saudi Arabia is looking at raising domestic energy prices, Oil Minister Ali al-Naimi said on Tuesday, confirming that the kingdom could cut a lavish...
Saudi energy ministry to assist development of mega economic zone Neom
DUBAI (Reuters) - Saudi Arabia's energy ministry is to offer assistance so that Neom, a $500 billion high-tech development that includes tourism and sport...
Abu Dhabi lays off staff as Gulf austerity tightens
Thousands of layoffs at state-linked companies in Abu Dhabi are a fresh sign the Gulf's wealthy oil states are hunkering down for a long...
Donor conference raises $1.8 billion for Sudan – Germany
Berlin (AFP) - Pledges worth $1.8 billion were made at a donor conference to drum up international support for Sudan on Thursday, said Germany's...
Iraq asks BP to study developing Kirkuk oilfields
Iraq has asked British energy giant BP to draft a study on boosting production in all the oilfields of northern Kirkuk province, Oil Minister...
Toshiba leads laptop market in the kingdom
Toshiba laptop computers are dominating the Saudi Arabian market, being the number one choice of consumers, according to a recent report.
Toshiba Gulf secured the...
Kuwaiti Emir Sheikh Sabah warns budget down 60 percent on low oil prices
Kuwait's ruler warned Tuesday his nation's revenue is down some 60 percent due to low global oil prices, urging citizens of this tiny country...
Saudi Arabia crude exports fall to 7.276m bpd in July
Saudi Arabia’s crude oil exports in July fell to 7.276 million barrels per day from 7.365 million bpd in June, official data showed.
Monthly export...
Syria govt limits cash buys to revive the banking sector
The Syrian government issued on Sunday that all property and car sales must be conducted through banks, in an apparent bid to revive the...
Oil edges back above $30
Oil prices rose above $30 on Tuesday after briefly dipping below the psychological barrier as the market was beset with worries about the global...
