Oil-dependent Saudi, Norway sovereign funds selling European shares
The top three oil-dependent sovereign wealth funds have been selling European equity holdings since May, a study showed on Monday, another sign of petrodollars...
Turkish banker gets 32 months prison in U.S. case over Iran sanctions
A U.S. judge sentenced Mehmet Hakan Atilla, a Turkish banker at Turkey's state-controlled Halkbank, to 32 months in prison on Wednesday after he was...
Saudi offers of extra oil in Asia fail to lure interest in cutthroat market
Saudi Arabia failed to attract offers for additional oil cargoes for loading in October, industry sources said, in a sign that the market remains...
Indonesia’s labour recall decision ‘final’
The decision by the Indonesian government to recall its workers from the Middle East is final and will not be reversed.
Around 1.3 million Indonesians...
Oil in 'tumultous' week after output freeze deal
The oil market was gripped this week by an output freeze deal between the world's top two producers Saudi Arabia and Russia.
Prices initially rebounded...
Dutch Supreme Court seeks European clarification on Pirate Bay
The Dutch Supreme Court referred a landmark case against the file-sharing website Pirate Bay to the European Court of Justice on Friday, a move...
Egypt hikes natural gas prices by up to 75 percent
Egypt raised natural gas prices for households and businesses on Saturday by between 33.3 and 75 percent, the latest among tough austerity measures aimed...
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...
Salaries in Kingdom grow 4.5% in 2015 despite falling oil prices
JEDDAH — Salaries across Saudi Arabia have increased by an average of 4.5 percent in 2015 – slightly below the rate of 5 percent...
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...
