Oil prices hit lowest since 2004 as supply exceeds demand
Brent crude prices hit their lowest in over 11 years on Monday, hounded by a relentless rise in global supply that looks set to...
Lufthansa sees growth opportunities in Saudi Arabia, Oman
German airline Lufthansa sees the Middle East as a chance for growth, namely Saudi Arabia and Oman. As sanctions on Iran have recently eased...
Mobile firm Zain Saudi appoints new chairman
Zain Saudi, the kingdom's third-biggest telecommunications operator, has appointed Prince Naif bin Sultan bin Mohammed bin Saud Al Kabeer as chairman.
The prince will replace...
Wall St rises as health care rebounds
U.S. stocks rose in a volatile session on Wednesday, led by a rebound in biotechnology stocks, putting the S&P 500 on track for its...
OPEC and non-OPEC experts to talk, but unlikely to cooperate on cuts
A meeting of OPEC and non-OPEC oil market experts this week is unlikely to increase the prospect of joint co-operation on supply curbs or...
President Mugabe donates 300 cows to African Union
Zimbabwean President Robert Mugabe has donated 300 cattle to the African Union to help it become less dependent on outside donors, a legislator said...
Post-sanctions Iran invites Boeing for talks
Iran has invited US plane manufacturer Boeing for talks on modernising its fleet, Transport Minister Abbas Akhoundi said Thursday, weeks after Tehran's nuclear deal...
Saudi's Arab National Bank places 2 bln riyal sukuk
Saudi Arabia's Arab National Bank has received regulatory approval to raise 2 billion riyals ($533.28 million)through sukuk which will enhance its supplementary capital, it...
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...
Politicians and celebs deny abuse of offshore accounts
The president of Ukraine became the latest prominent politician to deny wrongdoing Wednesday after his name was linked to secretive offshore accounts arranged by...
