Saudi Arabia orders 5% cut in contract spending
Saudi Arabia's government, its finances strained by low oil prices, is opening a fresh austerity drive by ordering ministries to cut their spending on...
Europe shares rise as firm dollar takes shine off euro
European shares started the week strongly on Monday, buoyed by gains on Wall Street and a weaker euro, while the dollar rose after upbeat...
Uber to expand Africa operations
Uber is expanding in Africa.
The ride-hailing company said Thursday that it plans to start operating in the capitals of Ghana, Uganda and Tanzania within...
Saudi central bank foreign assets fall 1 pct in August
Oct 5 Net foreign assets at Saudi Arabia's central bank fell 1 percent from the previous month to 2.455 trillion riyals ($655 billion) in...
Oil rises after Saudi Arabia reiterates willing to work with non-OPEC
Oil prices turned around to rally on Monday after the Saudi Arabian cabinet said in a statement the kingdom remained ready to work with...
OPEC sees non-cartel oil supply falling in 2016
OPEC said Thursday that it expects oil production by countries outside the cartel to fall in 2016 by more than it previously forecast, in...
Tumbling oil triggers Tadawul panic selling
Panic selling again gripped Saudi stock market on Wednesday due to weak oil prices, causing the Tadawul All-Share Index to plunge below 8,000 points.
The...
Saudi pricing shows oil volatility in action amid oversupply
Saudi Arabia's decision to lower prices for oil loading in November shows that the battle for market share in an over-supplied Asian crude market...
Shell and BG shareholders to vote on merger
Royal Dutch Shell and BG Group shareholders are expected to vote on the merger of the two companies on Jan. 27 and 28, respectively,...
Funding and regulation challenge Saudi private sector drive
After decades of government-led growth, Saudi Arabia is handing over much of the responsibility for the economy to private firms - a prospect which...
