Nigeria's president to visit restive oil region
Muhammadu Buhari will this week make his first visit as president to Nigeria's oil-producing south, which has been riven by an upsurge in violence...
Lebanon currency in free-fall amid political impasse
BEIRUT (AP) — Lebanon's currency continued its downward spiral Wednesday, reaching a new low before the dollar and raising such alarm that it prompted...
Oil exports suspended from Libya oil terminal
Libya's National Oil Corp announced Thursday it had imposed a state of "force majeure" on one of the country's main oil terminals after exports...
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...
Iran says won't negotiate with OPEC over output hike
OPEC member Iran will not negotiate with the cartel over a planned half million barrels per day oil production hike once sanctions are lifted,...
Saudi video game developers prosper as demand grows
NPR reports: The Middle East has one of the world's fastest growing communities of online video gamers. With a majority of the population younger...
Saudi Aramco keeps up investment despite crude fall
Saudi Aramco, the world's biggest oil exporter, is maintaining investments despite cutting costs in other ways to cope with plummeting crude prices, the company's...
Huge reserves, low public debt strong features of KSA economy
Some international rating agencies and institutions such as the IMF are being criticized for practicing a double standard when dealing with economic scenarios in...
Debt payments cancellation for 25 poor nations – IMF
IMF Executive Director Kristalina Georgieva issued a statement saying the IMF executive board approved the immediate debt service relief for 19 African countries, Afghanistan,...
Oil price slump to start affecting Saudi banks
The impact of lower oil prices will soon start to weigh on Saudi Arabia’s banks, which are likely to see bad loans edge higher...
