South Korea builder confident of $20 billion Saudi housing deal
A South Korean constructor that jointly won a $20 billion housing deal with Saudi Arabia said Monday it was confident the project would go...
EU’s Borrell says Turkish gas drills off Cyprus ‘must stop’
Nicosia, Cyprus (AFP) - European Union foreign policy chief Josep Borrell said Thursday that "illegal" Turkish drilling for gas off the divided island of...
Saudi supercomputer on top 10 most powerful list
JEDDAH: A Kingdom-based supercomputer has entered the top 10 list of the most powerful computers on the planet.
The Shaheen II is based at King...
Kuwait sees oil price rise on lower output, high growth
Oil prices are likely to rise early next year amid signs of a decline in production of high-cost crude and improved economic growth, Kuwait's...
Qatar acquires stake in Chevron oil project off Morocco
The Qatari state oil company, Qatar Petroleum, says it has reached a deal with Chevron to acquire 30 percent of its stake in offshore...
Twitter-KSA anti-terror partnership grows
LONDON: Saudi Arabia requested Twitter to disclose the identity of 93 users, suspected of having terror links.
According to the transparency report issued by the...
Oil prices down in Asia ahead of OPEC policy meeting
Oil prices fell in Asia Wednesday as the Organization of the Petroleum Exporting Countries (OPEC) prepared to meet in Vienna, amid expectations it will...
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...
OPEC pressure Saudi Arabia to cut oil output
Saudi Arabia has come under increased pressure from fellow OPEC members to cut output to prop up prices as the group meets this week...
Turkish Airlines annual profit tops $1 bn for first time
Turkey's flag carrier Turkish Airlines on Tuesday said its full-year net profits topped $1 billion for the first time in its history as the...
