Russia says Saudi Arabia proposed oil output cuts by up to 5 pct
Russian Energy Minister Alexander Novak said on Thursday that Saudi Arabia had proposed that oil producing countries cut oil production by up to 5...
KACST head to highlight Saudi investment scenario
Prince Dr. Turki Bin Saud Bin Mohammed Al Saud, president of King Abdulaziz City of Science and Technology (KACST), will be addressing participants of...
Saudi 2016 growth to slow as debt rises and reserves drop
Saudi economic growth is set to slow further in 2016 after the OPEC heavyweight announced record deficits due to the slump in oil prices,...
Saudi Arabia presents plan to move beyond oil
Saudi Arabia outlined ambitious plans on Monday to move into industries ranging from information technology to health care and tourism, as it sought to...
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...
Turkish central bank move raises questions over independence
Turkey's currency plunged Tuesday amid growing questions over the central bank's ability to set policy without interference from the increasingly powerful office of President...
Sterling dips below $1.50 for first time since April
Sterling dipped below $1.50 for the first time since April on Monday after a policymaker warned about the impact of a strong pound on...
Maersk profit plunges amid weak trade, low oil prices
Danish conglomerate A.P. Moller-Maersk on Wednesday reported an 82-percent drop in annual profit as its shipping unit was hit by lower freight rates and...
