Iran struggles to find enough ships for oil exports
Iran faces a struggle to increase oil exports because many of its tankers are tied up storing crude, some are not seaworthy, and foreign...
Libya says oil production up at 300,000 bpd
Crude production in oil-rich but conflict-ridden Libya is now more than 300,000 barrels per day since a new terminal opened in the east, the...
Egypt hikes natural gas prices by up to 75 percent
In a story July 21 about the increase in Egypt's natural gas prices, The Associated Press erroneously reported the price increases. Gas consumption of...
Israel seeks 'solution' over Egypt gas row
Israel announced Tuesday that it was sending an envoy to Cairo to find a solution after Egyptian firms were ordered to pay $1.76 billion...
Samsung flags 15% rise in Q4 operating profit
Samsung Electronics on Friday flagged a 15 percent increase in 2015 Q4 operating profit, rounding off a year in which the world's largest smartphone...
Islamic halal economy set to grow
The halal economy is set to grow as the world's Muslim population expands and more products are certified to comply with Islamic sharia law,...
U. A. E lays out new migrant labor reforms
The United Arab Emirates is introducing labor reforms that aim to tighten oversight of employment agreements for the millions of temporary migrant workers that...
Oil price faces fresh downturn as Saudi and Russia tussle in Europe
A sales push by Saudi Arabia into north Europe's refineries, a step into rival Russia's backyard, piles fresh pressure on oil prices already struggling...
Gulf Arabs race to release youth potential in age of cheap oil
Like the prototype drone of Emirati student Talib Alhinai, the ambitions of young people across the Gulf Arab states need to soar if they...
Expats and employers worried over Saudi tax proposal
Expatriates in Saudi Arabia and their Saudi employers alike voiced unease about a proposal the government is studying to impose income tax on foreign...
