Egypt ordered to pay $1.76 billion to Israel over gas supply cut
Egyptian natural gas companies have been ordered through arbitration to pay the Israel Electricity Corporation $1.76 billion in compensation over a gas supply cut,...
European shares slip lower, led by Germany
European shares fell on Tuesday following strong gains in the previous session, with Germany underperforming after reporting industrial orders unexpectedly fell in August.
Data showed...
Syria govt limits cash buys to revive the banking sector
The Syrian government issued on Sunday that all property and car sales must be conducted through banks, in an apparent bid to revive the...
Saudi businessmen investing $4 billion in projects in Egypt
Saudi businessmen are investing $4 billion in projects including the Suez Canal, energy and agriculture, and have already deposited 10 percent of that sum...
Saudi energy minister: Oil market heading toward a balance, prices settling
The energy minister of Saudi Arabia, the world's largest oil exporter, and the secretary general of OPEC agree that the global oil market is...
Oil prices fall after news of possible oilfield expansion in Saudi
Crude prices fell in Asia Monday following a report saying Saudi Arabia could maintain its total production capacity with the expansion of an oilfield,...
Gulf may stabilize as global background improves
Gulf stock markets may consolidate with a positive bias on Thursday after oil prices and global equities steadied on hopes that the devaluation of...
Manchester United seeks to build brand in Asia with Gulf Oil
Manchester United said on Monday it had cut a three-year partnership deal with Gulf Oil International, showing the club's appeal as a global brand...
Saudis pledge not to shock oil markets as OPEC clash looms
Saudi Arabia promised on Thursday not to shock the oil markets as OPEC headed into a heated debate about production policy, with Iran insisting...
Saudi Aramco considers new industrial city project in east
State oil giant Saudi Aramco is considering whether to build a new industrial city in the south of the Al Ahsa district in Saudi...
