Oil prices fall before US energy report
Oil prices fell Wednesday as traders awaited the release of US crude inventory data, which are expected to show a further rise in stockpiles.
At...
Oil slides after Iran snubs output freeze deal
World oil prices fell sharply on Monday after Iran reportedly announced over the weekend that it would not to join a proposed output freeze...
Russian deputy PM outcome of OPEC meeting will not have impact on oil prices
The outcome of the Thursday's meeting of the Organization of the Petroleum Exporting Countries in Vienna won't have any impact on global oil prices,...
Amanat Holdings to buy 35% stake in Saudi healthcare firm
Amanat Holdings, an education and healthcare company, is acquiring a 35 per cent stake in Sukoon International, a Saudi Arabian healthcare company.
Amanat, which has...
Oil prices bounce back on eve of OPEC meeting
Oil prices bounced back in Asia Thursday but trading was cautious on signs the OPEC cartel is divided ahead of a meeting on whether...
PT Pertamina and Saudi Aramco ink pact for refinery upgrading project in Indonesia
Indonesia’s PT Pertamina and Saudi Aramco have signed a heads of agreement (HoA) to formalize key business principles for joint ownership, operation and upgrade...
McDonalds's hit by European consumers' anti-trust complaint
Three Italian consumer groups lodged a far-ranging anti-trust complaint with EU regulators against US fast food giant McDonald's, urging Brussels to investigate the company's...
Oil prices drop despite OPEC forecast
Oil prices fell on Monday even as OPEC forecast a further tightening of supplies, as traders focused instead on turbulence across financial markets.
The Organization...
Egypt raises price of drinking water
Egypt has raised the price of piped drinking water by up to 45 percent.
Saturday's decision has been published in the country's official gazette.
The rise...
Lebanon faces economic ‘catastrophe’ according to the new Prime Minister
Debt-ridden Lebanon faces an economic "catastrophe", Prime Minister Hassan Diab said on Wednesday as his newly unveiled cabinet met for the first time.
The U.S....
