A $70 oil floor? Fat chance, but OPEC price plan may be first step
The safe money for oil traders is betting that Venezuela's plan to resurrect OPEC's old price band mechanism, attempting to set a $70 floor...
Saudi Mining and Minerals 2015 kicks off today
Saudi Arabia Mining & Minerals Exhibition & Symposium 2015 kicks off today (Tuesday) with Minister of Petroleum & Mineral Resources Ali Al-Naimi delivering a...
Huge reserves, low public debt strong features of KSA economy
Some international rating agencies and institutions such as the IMF are being criticized for practicing a double standard when dealing with economic scenarios in...
Saudi petchems may continue rebound: MIDEAST STOCKS
Oct 12 Saudi Arabian petrochemical shares may continue rebounding on Monday on the back of firm oil prices and global equities, although most of...
Malaysia Airlines selects new CEO after departure
Kuala Lumpur, Oct 20, 2017 (AFP) - Malaysia Airlines on Friday named veteran senior executive Izham Ismail as its new CEO after his predecessor's...
Saudi stocks plunge 6.9% on Sunday
-Stock markets in the petrodollar-dependent Persian Gulf tumbled Sunday to multimonth lows, spooked by sharply lower oil prices and a global equities selloff on...
Oil prices dip as Saudi Arabia rules out intervention
Oil retreated after Saudi Arabia's influential oil minister said Tuesday it was up to the market to determine prices, effectively ruling out an intervention...
Oil crashes would cost Iraq two-thirds of its net income
Iraq, which relies on oil revenues for more than 90 percent of its revenues, was set to face "vast economic pressures," said Fatih Birol,...
Lebanese parliament to tackle pressing financial issues at first session in a year
Lebanon's parliament convened on Thursday for its first legislative session in more than a year to pass financial laws the paralysed state urgently needs...
France to agree aerospace deals with Saudi Arabia
France and Saudi Arabia are to agree big aerospace contracts when French Prime Minister Manuel Valls visits the kingdom on Tuesday, sources close to...
