Saudi Arabian firm injects €49 million into Euro Disney
A firm owned by a Saudi prince said Wednesday it has injected 49.2 million euros ($52.37 million) into the struggling Euro Disney theme park...
OPEC announces cheap oil taking longer to subdue rival suppliers
Saudi Arabia tells OPEC it trimmed output in July and Further raises 2015 non-OPEC oil supply forecast * Points to larger 2.28 mbpd supply...
Oil extends losses in Asia on strong OPEC output
Oil tumbled to fresh multi-year lows in Asia Friday after OPEC said output had surged, exacerbating concerns over a supply glut that is expected...
Saudi Aramco IPO never been linked to oil market – CEO on TV
DUBAI, Oct 24 (Reuters) - Saudi Aramco's planned intitial public offering has never been linked to developments on oil markets, its chief executive told...
Citigroup earnings jump despite energy hit
Citigroup reported a big jump in fourth-quarter earnings as much lower expenses offset a hit to results due to weakness in energy-sector loans.
Earnings were...
War leaves Yemenis struggling to buy fuel to cook
Long queues of men line the streets of Yemen's rebel-held capital Sanaa waiting alongside empty propane gas canisters they are desperate to replace so...
Saudi 2016 growth to slow as debt rises and reserves drop
Saudi economic growth is set to slow further in 2016 after the OPEC heavyweight announced record deficits due to the slump in oil prices,...
Low oil price chance for Gulf economic reforms
The sharp drop in the price of oil, the lifeblood of Gulf economies, is an opportunity to end subsidies and introduce reforms in the...
Egypt bans domestic trading of imported wheat
Egypt has banned the trading of imported wheat inside the country, Supply Minister Khaled Hanafi said on Wednesday, a move which could reduce smuggling...
McDonalds's hit by European consumers' anti-trust complaint
Three Italian consumer groups lodged a far-ranging anti-trust complaint with EU regulators against US fast food giant McDonald's, urging Brussels to investigate the company's...
