Riyadh's $22.5 billion Metro project "on track", says governor
A $22.5 billion urban rail and bus system for the congested Saudi Arabian capital is on track, Riyadh's governor said Wednesday, as other projects...
Gulf stocks dive over low oil prices and geopolitical crises
Stock markets in the energy-rich Gulf states ended 2015 in negative territory on Thursday, following a massive decline in oil prices and regional turmoil.
The...
Saudi fiscal reserves slide to 4-year low on weak oil
Saudi Arabia's fiscal reserves dropped to a four-year low last year as the government sought to finance a budget deficit caused by plunging oil...
Gulf Arabs race to release youth potential in age of cheap oil
Like the prototype drone of Emirati student Talib Alhinai, the ambitions of young people across the Gulf Arab states need to soar if they...
Saudis battle for oil market domination
By abandoning the tight rein it held for decades on the oil market, OPEC heavyweight Saudi Arabia launched a battle for control that sent...
Maersk profit plunges amid weak trade, low oil prices
Danish conglomerate A.P. Moller-Maersk on Wednesday reported an 82-percent drop in annual profit as its shipping unit was hit by lower freight rates and...
OPEC oil production rises in September
OPEC oil output has risen in September from the month before, a Reuters survey found, as Iraq’s northern exports recovered from disruption that had...
More women executives mean more profits, according to study of 91 countries
Companies with 30 percent female executives rake in as much as six percentage points more in profits, according to a study on Monday, feeding...
OPEC sees lower 2016 demand for its oil, pointing to higher surplus
OPEC on Monday predicted global demand for its crude oil will be less than previously thought in 2016 as supply from rivals proves more...
Flynas in talks to buy 4 new aircraft
Saudi Arabian budget carrier flynas, which made its first profit this year, is in talks with plane manufacturers Airbus and Boeing as it seeks...
