Russia says coordinated oil output cuts with OPEC unlikely
Russian Energy Minister Alexander Novak said on Friday coordinated oil production cuts with OPEC to support falling oil prices were unlikely and would be...
Saudi to boost aid and investment in Egypt
Saudi Arabia has pledged a total of eight billion dollars in investment and aid to Egypt over the next five years, as Riyadh looks...
UAE discovers natural gas reserves between Abu Dhabi, Dubai
The United Arab Emirates, a leading OPEC producer, announced Monday the discovery of huge gas reserves between Abu Dhabi and Dubai.
The shallow natural gas...
Saudi giant SABIC trades lower after profit drop
Shares of Saudi petrochemical giant SABIC traded almost five percent lower on Monday after the firm reported a drop of 19.57 percent in full-year...
Oil prices fall further in Asia
Oil prices extended losses in Asia Thursday following a rise in US commercial crude stockpiles, while traders turned cautious ahead of a crunch producers'...
Oil and commodities shrug off Brexit slump
Oil approached the end of the week down slightly on a midweek rally but still well ahead of its lowest point after Britain's shock...
JP Morgan sees new Scottish currency, initially backed by BoE
JP Morgan said on Thursday a Scottish currency in a newly independent Scotland could initially be stabilised near parity with sterling by the Bank...
CEO hopes to settle Saudi firm's $6 billion debt
The acting CEO of a Saudi firm that has owed $6 billion in debts since a 2009 crisis says he's hopeful a tentative agreement...
Huge personal debt raises worries in wealthy Qatar
Credit cards on the limit, huge bank borrowings and a struggle to repay loans: these are the personal debt problems of some Qataris despite...
Marriott buys rival hotel chain Starwood for $12.2 billion
Marriott International is buying rival hotel chain Starwood for $12.2 billion in a deal that will secure its position as the world's largest hotelier.
The...
