Saudi Telecom takes controlling stake in Kuwait's VIVA
Saudi Telecom Co. (STC) said Monday it has raised its share in Kuwait Telcom Co. (VIVA) to a controlling stake after acquiring 25.8 percent...
Iran pushes OPEC oil output to new high as sanctions are lifted
Iran provides biggest increase after sanctions lifted * Saudi Arabia, Iraq also pump more in January * Indonesia's return boosts absolute level of OPEC...
Oil to average just over $40 in 2016
Oil prices will average just over $40 this year, the biggest cut to monthly forecasts in a year, as an influx of Iranian barrels...
Egypt losing $250 million per month after Russian plane crash
An Egyptian government official says Egypt has lost hundreds of millions of dollars since last year's suspected bombing of a Russian plane, which crippled...
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...
Russia says Saudis proposing global oil production cut
Russia said on Thursday that OPEC's largest producer Saudi Arabia, had proposed oil production cuts of up to 5 percent in what would be...
Wall St drifts higher as tech, energy gain
Wall Street was higher after swinging between gains and losses on Thursday as a fall in healthcare stocks capped gains in technology and energy...
Britain's FTSE falls back with Ashtead, travel stocks under pressure
Britain's top stock index retreated after hitting a three-week high earlier in Thursday's session, weighed down by Ashtead and travel stocks hit by rising...
Russia says Saudi Arabia proposed oil output cuts by up to 5 pct
Russian Energy Minister Alexander Novak said on Thursday that Saudi Arabia had proposed that oil producing countries cut oil production by up to 5...
Saudi reforms may not prevent looming economic slump
At a three-day conference in Riyadh this week, hundreds of Saudi Arabian officials and businessmen discussed ways to rescue the economy from low oil...
