Saudi Aramco seeks discounts on drilling costs-sources
State-run Saudi Aramco has asked oilfield service companies to extend discounts to next year as the oil giant cuts costs amid falling oil prices,...
Kuwait awards record $30 bn on projects despite oil slide
Kuwait has awarded projects worth a record $30 billion so far this year despite the sharp fall in oil income, officials and experts said...
Lebanon to review bids from financial and legal advisers
On Friday Lebanon will review proposals from firms bidding to be its financial and legal advisers.
The financial and legal advice revolve around options for...
ABN Amro fined for lax money laundering measures in Dubai
Dutch bank ABN Amro has been fined more than 1 million euros for "serious shortcomings" in procedures to prevent money laundering at its private...
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...
Oil prices give up gains ahead of Federal Reserve move
Oil prices retreated in Asian trade on Wednesday following fresh indications of growing oversupply ahead of the US Federal Reserve's long-awaited decision on interest...
BP to cut spending after 80 percent drop in profits
BP said on Tuesday it could cut capital spending further after reporting an 80 percent drop in profits in the first quarter of the...
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...
China's retail investors seek safety first
As China's legions of retail investors flee the country's tumultuous equity markets, pushing stock prices down around 15 percent so far this year, money...
Saudi Arabia gives assurances on supply as oil hits $80/barrel
Saudi Arabia said on Thursday it would make sure the world is adequately supplied with oil to support global economic growth just as top...
