Saudi state claws back unspent money as finances tighten
Saudi Arabia's finance ministry, seeking to cut waste as state revenues shrink because of low oil prices, is telling government bodies to return unspent...
Etihad Airways takes Berlin to court over delayed codeshare decision
Etihad Airways said Friday it is taking the German government to court over its delay on deciding whether to allow codeshare flights between the...
New SME body ‘will generate jobs for Saudis’
The newly formed Public Authority for Small and Medium Enterprises approved by the Cabinet on Monday will help create jobs for young Saudis and...
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...
Air Arabia profit slips 6% in 2015
Sharjah-based budget carrier Air Arabia said on Sunday its 2015 net profit fell six percent to 531 million dirhams ($144.69 million) although turnover rose...
Abu Dhabi awards Japan’s INPEX stake in oil concession
Abu Dhabi's state energy company ADNOC said Monday it had awarded Japan's INPEX a 10 percent stake in an offshore oil concession, in a...
IMF: Low oil prices, turmoil keeps Mideast growth 'subdued'
The International Monetary Fund says a fall in oil prices and deepening turmoil in parts of the Middle East will keep growth subdued this...
Oil prices give up gains ahead of Federal Reserve move
Oil prices retreated in Asian trade on Wednesday following fresh indications of growing oversupply ahead of the US Federal Reserve's long-awaited decision on interest...
Crude jumps on U.S. output forecast; stocks mixed
Crude prices jumped more than 4 percent on Tuesday after the United States cut output forecasts, while global equity markets mostly rose on expectations...
Oil rises, but oversupply hobbles gains
Global oil prices rebounded Wednesday but buying sentiment remains sluggish owing to supply glut woes and a strong dollar.
At about 1245 GMT, U.S. benchmark...
