Oil above $41 as OPEC predicts 'moderate' rebound
Oil prices resumed their rise in Asia on Tuesday, staying above $41 a barrel, as OPEC raised hopes of a moderate rebound and announced...
Saudi unit of auditor Deloitte penalized by market regulator
Saudi Arabia's Capital Market Authority has suspended the local unit of New York-based auditing giant Deloitte from offering its auditing services to the kingdom's...
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...
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...
A $70 oil floor? Fat chance, but OPEC price plan may be first step
The safe money for oil traders is betting that Venezuela's plan to resurrect OPEC's old price band mechanism, attempting to set a $70 floor...
Bill Gates looks to Gulf in anti-poverty campaign despite oil glut
Low oil prices and tight budgets in the Gulf are making it harder to raise money for a fund tackling poverty in the Muslim...
World disasters cost $71 billion in first half of 2016
From earthquakes in Japan to wildfires in Canada, disasters cost the world economy $71 billion (62 billion euros) in the first half of the...
Wall Street wobbles as health stocks, oil prices drop
Wall Street struggled for gains in volatile trading on Monday, weighed down by healthcare stocks and oil prices hitting fresh 12-year lows, ahead of...
Gulf investors hold back from UK property deals on Brexit fears
Gulf Arab investors, some of the biggest buyers of British real estate, are holding back from new deals because they fear a property price...
Russia leaves door open to OPEC deal even as output hits high
Two senior Russian officials talked up potential cooperation with OPEC to prop up prices, but data showed oil production in Russia hit a post-Soviet...
