Oil price to start slow recovery in 2017, says International Energy Agency
World oil prices are unlikely to rise from current levels before 2017, and even then their recovery will be slow as massive oil stocks...
Horse Racing-Dubai World Cup prize money raised to $12 mln
Dubai's ruler on Wednesday increased the Dubai World Cup purse to $12 million, maintaining its status as one of the world's richest horse races.
The...
Hundreds of businesses shutting down in Lebanon
More than 220,000 jobs in the private sector have been shed since mid-October when protests fueled by worsening economic conditions erupted against the political...
Iraq oil overtakes Saudi in Europe as OPEC battles rage on
A market share battle between Russia and OPEC oil producers in Europe is intensifying as Iraq has overtaken Saudi Arabia as the second largest...
Google parent Alphabet may soon top Apple's market value
With the digital advertising market booming and demand for smartphones waning, Google's parent company, Alphabet Inc., is poised to dethrone Apple as the world's...
IEA expects limited impact from oil output freeze at Doha
A deal to freeze oil production by OPEC and non-OPEC producers will have a limited impact on global supply and markets are unlikely to...
Hezbollah: Saudi should not collectively punish Lebanon
Hezbollah chief Hassan Nasrallah on Tuesday called on Saudi Arabia not to collectively punish Lebanon's people just because Riyadh disagreed with the Shiite movement's...
Gulf Air cuts losses by more than 60%
Bahrain's struggling carrier Gulf Air said Wednesday it reduced losses by 62 percent last year as a result of the company's restructuring.
Losses fell from...
Saudi Arabia declares stock market open to foreign investors
Saudi Arabia’s stock market, the Tadawul, on Monday opened to foreign investors, a long-awaited move for the Middle East’s largest bourse.
Despite a market capitalization...
Only five non-member countries attend oil meeting with OPEC
Only five non-OPEC countries have sent representatives to a meeting of OPEC and non-OPEC oil market experts that began on Wednesday at the petroleum...
