Oil prices dip as Saudi Arabia rules out intervention
Oil retreated after Saudi Arabia's influential oil minister said Tuesday it was up to the market to determine prices, effectively ruling out an intervention...
BP logs $1.4bn loss
BP faced another net loss in the second quarter but has now drawn a line under the 2010 Gulf of Mexico oil spill disaster,...
Saudi Aramco share listing will take time: chairman
Any share listing of state-owned Saudi Aramco, the world's largest crude producer, will take time, the company's chairman told The Wall Street Journal in...
Bank of China gains foothold in Morocco
Bank of China has established a presence in Morocco that will further reinforce the Asian nation's far-reaching influence in resource-rich Africa, officials said.
The commercial...
Oil prices rebound along with stocks
Oil prices rose Tuesday, benefitting from the same bounce that lifted equity markets which had been sagging since Britain's surprise decision to leave the...
New SME body ‘will generate jobs for Saudis’
The newly formed Public Authority for Small and Medium Enterprises approved by the Cabinet on Monday will help create jobs for young Saudis and...
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 Etisalat sees 8% profit drop in Q1
UAE telecom giant Etisalat said Tuesday that its net profit dropped by eight percent to two billion dirhams ($545 million) in the first quarter...
Bahrain raises debt ceiling to 15 bln dinars to finance public spending
DUBAI (Reuters) - Bahrain's government has raised its debt ceiling to 15 billion dinars ($39.79 billion) from 13 billion dinars to help finance public...
Oil prices mixed in Asia ahead of US inventories report
Oil prices were mixed in Asia Tuesday as investors waited for data on US crude stockpiles expected to further underscore a global supply glut.
Prices...
