Saudi Arabia says seeks to balance interests of oil consumers and producers
Saudi Arabia said on Monday its energy policy was geared towards balancing the interests of oil consumers and producers and encouraging investment in different...
Falih slowly wins back OPEC for Saudis
Russian oil billionaire Vagit Alekperov isn't easily swayed, but Saudi Arabia's new Energy Minister Khalid al-Falih achieved it this week.
Intense diplomacy by the soft-spoken...
Bad Saudi PR fuels riyal devaluation talk
Speculation that Saudi Arabia could devalue its currency may owe more to a poor public relations effort by Saudi authorities than to the economic...
Tackling the economic crisis in Lebanon, PM meets finance delegation
On a step to assist the debt-ridden country and rescue its moribund economy, a delegation from the World Bank's private lending arm is due...
Kurdistan government needs support to plug $100 million monthly deficit
The Kurdistan Regional Government (KRG) in Iraq needs budget support to plug a monthly deficit of $100 million and would accept any conditions that...
Jubeir: Saudi will not cut oil production
Saudi Arabia is "not prepared" to cut oil production, its foreign minister said on Thursday, after the top exporter agreed with Russia to freeze...
Egypt strengthens exchange rate versus the dollar
Egypt has strengthened the official exchange rate of its currency by 0.20 pounds against the dollar.
Figures posted Wednesday on the website of the National...
Saudi Aramco in talks to buy CNPC refinery stake, retail assets
Saudi Aramco, the world's biggest oil producer, is in talks to acquire a stake in a China National Petroleum Corp refinery as well as...
Global art market bounces back after 10% slump in 2015
The art market has bounced back worldwide after prices slumped by more than 10 percent last year as investors look for a safer alternative...
Oil prices surge on fresh talk of OPEC meeting on glut
Oil prices surged Wednesday on renewed speculation about a potential cut in global production that overshadowed another rise in US crude inventories.
US benchmark West...
