Saudi-Iran split muddies OPEC long-term strategy
OPEC has yet to agree on a long-term strategy as Saudi Arabia objects to a proposal from arch-rival Iran that the exporter group aim...
Oil traders get closer look at what might prompt Saudi rethink
Saudi Arabia has given oil traders the first glimmer of clarity on what it might take to prompt the world's biggest crude exporter to...
Pokemon Go seen making billions for Apple
Apple Inc stands to rake in $3 billion in revenue from the Pokemon Go craze in the next one to two years as gamers...
Samsung Galaxy Note 5 & S6 edge+ now available at KSA axiom stores
The Samsung Galaxy Note5 and S6 edge+, the latest flagship devices in the global smartphone leader’s family have hit axiom stores early.
Retailing at a...
Saudi energy minister: Oil market heading toward a balance, prices settling
The energy minister of Saudi Arabia, the world's largest oil exporter, and the secretary general of OPEC agree that the global oil market is...
Gaza factories are back for the first time in years
In a rare economic lifeline in the coastal territory, sewing factories in the Gaza Strip are back to working at full capacity for the...
Saudia eyes Asian ventures, low-cost unit under 2020 plan
Saudia is open to forging joint-venture (JV) agreements with unspecified Asian carriers as its five-year turnaround plan moves from a predominantly restructuring phase into...
Iraq preparing to push ISIS away from oil region
Kurdish Peshmerga forces, an Iran-backed Shi'ite militia and Iraq's army will launch an offensive soon to push Islamic State fighters away from the northern...
Oil falls after Saudi-Venezuela talks
Crude oil prices slid lower Monday, pushing US oil below $30 a barrel, after weekend talks between OPEC kingpin Saudi Arabia and Venezuela dashed...
Oil prices up as Canada wildfires threaten crude output
Oil prices climbed in Asia Thursday with Brent breaching $45 a barrel following a fall in US production while raging wildfires threatened to cut...
