OPEC watching Iran and Russia, unlikely to cut output in June
OPEC is very unlikely to cut output at its next meeting in June, even if prices remain extremely low, according to OPEC sources and...
Low oil price sends Lufthansa profits soaring
German airline Lufthansa said Thursday that low oil prices and booming passenger business sent profits soaring in 2015, a year marred by the Germanwings...
Egypt’s core inflation falls to 11.88 pct yr/yr in Feb
Egypt's core inflation fell to 11.88 percent year-on-year in February from 14.35 percent in January, the central bank said on Thursday.
Inflation jumped after Egypt...
Kuwait and Iraq say OPEC will not cut output alone
The Kuwaiti and Iraqi oil ministers said Tuesday that OPEC will not cut production unless producers outside the cartel do the same, despite the...
New Saudi oil minister believes in low prices and reform
It was January 2016 and oil prices had crashed to their lowest in more than a decade.
Saudi Arabia's health minister, Khalid al-Falih, a favourite...
Saudi Telecom profit slump may weigh on kingdom's market
Oct 21 Saudi Arabia's stock market may face further selling pressure on Wednesday as a gloomy oil report and a sustained profit slump at...
Asia stocks rise, spurred by hopes for COVID treatment
TOKYO (AP) — Asian shares were mostly higher Tuesday as investors hung onto hopes the coronavirus pandemic may come under control with treatments being...
Saudi energy ministry to assist development of mega economic zone Neom
DUBAI (Reuters) - Saudi Arabia's energy ministry is to offer assistance so that Neom, a $500 billion high-tech development that includes tourism and sport...
Mobile phone companies’ decline in services angers customers
Telephone companies are one of the biggest projects in Saudi Arabia, where Saudi citizens and residents were globally rated as top Internet and phone...
Coronavirus economic impact discussions; Saudi crown prince and UK’s PM
Al Arabiya television said on Sunday, that Saudi Arabia's Crown Prince Mohammad Bin Salman and British Prime Minister Boris Johnson discussed how to reduce...
