Israel soon to open Abu Dhabi office for renewable energy
Israel's Foreign Ministry says the country will soon open an office at a renewable energy agency in Abu Dhabi, the United Arab Emirates' capital...
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...
Oil prices trade near $42 in Asia
Oil prices traded near $42 in Asia Friday as US markets took a break for Thanksgiving and Russia ruled out a military strike against...
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,...
Oil prices hold above $43 in Asia
Oil prices held above $43 a barrel in Asia Thursday after US commercial crude supplies rose at a slower pace, while jitters lingered over...
Turkey favours market-friendly reforms, executive presidency
Turkey's new government will aim to bring inflation down to single digits and maintain central bank independence, Prime Minister Ahmet Davutoglu said on Wednesday,...
Smartphones overtake desktops for Christmas shopping
If the beginning of the holiday season is any indication, it could be a merry mobile Christmas for shoppers.
For the first time, there's expected...
Saudi Prince Mohammed considering subsidy cuts after oil price slump
Saudi Arabia may reduce energy and water subsidies for wealthy citizens among other reforms to diversify its economy away from oil amid a sustained...
Dubai's Dnata buys stake in Brazil airport services firm RM
The company that runs Dubai-based airline Emirates says it has bought a majority stake in a Brazilian firm that provides ground handling services at...
Gulf braces for austerity as oil income slump hits home
Faced with heavy losses from low oil prices, Gulf states have embarked on belt-tightening measures to cut spending and boost non-crude revenues, but analysts...
