Saudi-Iran crisis punches another hole in OPEC unity
Escalating diplomatic tensions between Iran and Saudi Arabia have added fresh strains on OPEC's unity as the cartel grapples with a common response to...
Dubai ruler says Emirates to privatise government services
The ruler of Dubai says authorities hope to privatize some government services in the oil-rich country.
Sheikh Mohammed bin Rashid Al Maktoum, who also serves...
Saudi Arabia’s new development plan gathers momentum
A new report on Saudi Arabia just produced by the global publishing, research and consultancy firm Oxford Business Group (OBG) charts the latest developments...
Gulf banks are limiting their lending to minimize losses
Gulf central banks have introduced stimulus measures worth tens of billions of dollars including loan repayment holidays to distressed businesses and individuals and fee...
Rising oil output accelerates Saudi economic growth
Rising oil output boosted Saudi Arabia’s economic growth to its fastest pace in over a year in the second quarter of 2015, data showed...
Foreign governments press Saudi Arabia on workers' delayed wages
Foreign governments are pressing authorities and executives in Saudi Arabia to ensure that local construction firms make delayed salary payments to thousands of workers,...
Trade minister replaced amid economic crisis – Syrian government
Syria’s economy has been ravaged by nine years of war and western sanctions.
Syrian President Bashar Assad replaced Monday the internal trade minister as the...
Oil prices up in Asia ahead of OPEC meeting
Oil prices climbed in Asia Tuesday before a meeting of the OPEC oil cartel and a report on US commercial crude inventories which will...
China says it will keep 2016 economic growth in 'reasonable' range
Chinese leaders, meeting ahead of an agenda-setting conference, pledged on Monday to keep the country's economic growth in a "reasonable range" in 2016 by...
Germany, Europe’s largest economy, struggles
The Eurozone economy struggles against headwinds from the U.S-China trade dispute and Britain's departure from the European Union.
The state statistics agency said Friday there...
