Saudi reform plan pleases markets
A sweeping economic reform plan announced by Saudi Arabia on Monday pleased the financial markets but fell short of convincing sceptics that the kingdom...
Saudi-Iran split muddies OPEC long-term strategy
OPEC has yet to agree on a long-term strategy as Saudi Arabia objects to a proposal from arch-rival Iran that the exporter group aim...
Iran files complaint with ICJ to recover $2 billion frozen in US
Iran has filed a formal complaint with the International Court of Justice to recover nearly $2 billion in assets frozen in the United States,...
Oil prices edge higher
Oil prices edged higher Thursday after rallying the previous session on news of a drop in US crude supplies.
The main global contracts for the...
Kuwait minister says oil price at $50-60 is appropriate
Kuwaiti acting Oil Minister Anas al-Saleh said on Thursday oil at $50 to $60 a barrel is an appropriate price.
International Brent crude oil futures...
Virgin Mobile passes 1m customer mark in Kingdom
Virgin Mobile Saudi Consortium, the Saudi Arabian subsidiary company of Virgin Mobile Middle East & Africa, is now serving over a million customers in...
Oil Price Forecast 2016: Oil Prices Poised to Skyrocket This Year
Oil Price Forecast Is Bullish for Crude in 2016
The majority of oil price forecasts remain pessimistic in the sense that they expect oil prices...
China's retail investors seek safety first
As China's legions of retail investors flee the country's tumultuous equity markets, pushing stock prices down around 15 percent so far this year, money...
Egypt strengthens exchange rate versus the dollar
Egypt has strengthened the official exchange rate of its currency by 0.20 pounds against the dollar.
Figures posted Wednesday on the website of the National...
Oil falls to 11-year low, Saudi-Iran row seen making output restraint unlikely
Oil fell to its lowest in more than 11 years on Wednesday, down around 2 percent, as the row between Saudi Arabia and Iran...
