How Saudi Arabia plans to shake up its economy
In late February, several hundred Saudi officials, company executives and foreign consultants gathered in a luxury Riyadh hotel to discuss how Saudi Arabia's economy...
Oman builds industrial outpost in desert to diversify economy
On a stretch of barren coast 550 km (345 miles) south of the capital Muscat, workers at a ship repair yard swarm over cargo...
Paris attacks weighon Airline and travel stocks but impact seen short-lived
Airline and travel-related stocks tumbled in Asia Monday following the deadly terror attacks in Paris, but analysts and industry players said they expect the...
Saudi Telecom takes controlling stake in Kuwait's VIVA
Saudi Telecom Co. (STC) said Monday it has raised its share in Kuwait Telcom Co. (VIVA) to a controlling stake after acquiring 25.8 percent...
Oil prices tumble 7%: Tadawul edges down
Stock markets across the Middle East fell on Tuesday alongside steep drops in global stock
prices because of renewed uncertainty about the state of China's...
Asia oil prices dip on oversupply concerns
Oil prices fell in Asia on Thursday as supply outlook improved with both commodities hovering close to the key $50 mark, worrying traders about...
Saudi Kayan pulls down Tadawul index
Shares in Saudi petrochemical manufacturer Saudi Kayan tumbled on Thursday after it swung to a third-quarter loss, pulling down the Tadawul All-Share index.
Most Middle...
Morocco launches first solar power plant
King Mohammed VI on Thursday inaugurated Morocco's first solar power plant, a massive project that the country sees as part of its goal of...
Saudi's first privately run air terminal contract awarded to Irish firm
A subsidiary of state-owned Irish airport operator DAA has won the bid to operate Saudi Arabia's first privately run terminal, official media in the kingdom...
Devaluation of Saudi currency would carry major political risk
The devaluation of Saudi Arabia's currency could cause such political instability that Riyadh has little choice but to stick to its promise to use...
