How Saudi Arabia plans to shake up its economy
In late February, several hundred Saudi officials, company executives and foreign consultants gathered in a luxury Riyadh hotel to discuss how Saudi Arabia's economy...
Oil sags as supply glut weighs
Global oil prices weakened on Tuesday, weighed down by abundant supplies that have plagued the market for months.
Brent North Sea crude for delivery in...
Saudi contractor MMG appoints new CEO
Saudi construction company Mohammad Al Mojil Group ( MMG ) has appointed Hafiz Shafei as its new chief executive officer, the company said.
Prior to...
Oil price slump should not stop investments: Al-Naimi
Saudi Arabia has called for sustained investment in new output capacity despite the slump in world prices.
Ali Al-Naimi, minister for petroleum and mineral resources,...
Oil ends 2015 in downbeat mood; result to be long and painful
Oil prices headed for a second year of steep losses, despite inching up fractionally in the last trading hours of 2015, as record OPEC...
Oil traders get closer look at what might prompt Saudi rethink
Saudi Arabia has given oil traders the first glimmer of clarity on what it might take to prompt the world's biggest crude exporter to...
HSBC whistleblower skips Swiss trial
The Swiss trial against a former HSBC employee who leaked documents alleging the bank helped clients evade millions of dollars in taxes opened Monday,...
Al-Khodari: Saudi construction sector faces tough times ahead
Saudi Arabia's construction industry faces difficult times ahead as the prospect of state budget cuts adds to painful labour reforms, according to major builder...
Oil price slide drives Canadian dollar to 11-1/2-year low
European stocks are expected to rise in 2016, helped by stimulus measures from the European Central Bank, altOil-rich Canada's dollar hit an 11-1/2-year trough...
Oil prices may reach $20, Saudi not willing to cut output
OPEC is determined to keep pumping oil vigorously despite the resulting financial strain even on the policy's chief architect, Saudi Arabia, alarming weaker members...
