Kuwait projects record deficit on falling oil income
OPEC member Kuwait projected a record budget deficit for the fiscal year starting April 1 on the sliding price of oil, the finance ministry...
Saudi reforms may not prevent looming economic slump
At a three-day conference in Riyadh this week, hundreds of Saudi Arabian officials and businessmen discussed ways to rescue the economy from low oil...
Oil prices rise
The oil market rose on Friday but gains were limited by the global supply glut and after the US Federal Reserve hinted at a...
Dubai airport expands again with opening of new concourse
The world's busiest airport for international travel is growing again.
Dubai International Airport opened a new concourse Wednesday with the arrival of a British Airways...
Jubeir confirms warning on proposed U.S. law on 9/11
Saudi Arabia has warned the United States that a proposed U.S. law that could hold the kingdom responsible for any role in the Sept...
Britain's FTSE falls back with Ashtead, travel stocks under pressure
Britain's top stock index retreated after hitting a three-week high earlier in Thursday's session, weighed down by Ashtead and travel stocks hit by rising...
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...
Salam app reports over half a million downloads
DUBAI — Salam – Haj & Umrah Guide has surpassed half a million unique installs from 155 countries around the world. During the last...
Sikorsky to explore helicopter production in Saudi Arabia
Saudi Arabia's Taqnia Aeronautics and Sikorsky, owned by U.S. company Lockheed Martin, have agreed to look at producing Black Hawk helicopters in the kingdom,...
Gulf OPEC members seek to revive global oil output deal
Gulf OPEC members including Saudi Arabia are looking to revive the idea of coordinated oil-output action by major producers when the group meets on...
