Saudi Aramco in talks to buy CNPC refinery stake, retail assets
Saudi Aramco, the world's biggest oil producer, is in talks to acquire a stake in a China National Petroleum Corp refinery as well as...
Germany approves arms exports to Saudi Arabia and Oman
The German government has approved several arms export deals with countries in the Middle East, including delivery of 23 Airbus helicopters to Saudi Arabia,...
Salaries in Saudi Arabia forecasted to increase in 2016
A GCC-wide survey of 600 multinational companies and locally-owned conglomerates - the largest study of its kind in the Gulf region - has forecast...
Saudi Arabia seeks $6-8 billion bank loan
Saudi Arabia is seeking a bank loan of between $6 billion and $8 billion, sources familiar with the matter told Reuters, in what would...
Israeli business delegations led by banks Hapoalim, Leumi to visit UAE
TEL AVIV, Sept 6 (Reuters) - The heads of Israel's two biggest banks will travel to the United Arab Emirates (UAE) this month, the...
Oil prices rebound on bargain-hunting
World oil prices rose Thursday on bargain-hunting after a sharp decline the day before, although analysts said the market remains hobbled by an oversupply.
US...
IMF urges Gulf states to bring in taxes
The International Monetary Fund chief urged on Monday oil-exporting Gulf countries to introduce taxes, warning that low crude prices are likely to stay for...
Lebanon to discontinue paying outstanding Eurobonds
Lebanon, hit by a grinding dollar liquidity crunch amid its worst economic recession in decades, had set the stage for a default on its...
Saudi contractor MMG appoints new CEO
Saudi construction company Mohammad Al Mojil Group ( MMG ) has appointed Hafiz Shafei as its new chief executive officer, the company said.
Prior to...
Oil-dependent Saudi, Norway sovereign funds selling European shares
The top three oil-dependent sovereign wealth funds have been selling European equity holdings since May, a study showed on Monday, another sign of petrodollars...
