Saudi supercomputer on top 10 most powerful list
JEDDAH: A Kingdom-based supercomputer has entered the top 10 list of the most powerful computers on the planet.
The Shaheen II is based at King...
Oil price slump to start affecting Saudi banks
The impact of lower oil prices will soon start to weigh on Saudi Arabia’s banks, which are likely to see bad loans edge higher...
Mobile phone companies’ decline in services angers customers
Telephone companies are one of the biggest projects in Saudi Arabia, where Saudi citizens and residents were globally rated as top Internet and phone...
Saudi-Iran tensions disrupt oil freeze deal
A deal to freeze oil output by OPEC and non-OPEC producers fell apart on Sunday after Saudi Arabia demanded that Iran join in despite...
Asia shares hit 3-1/2-year lows as oil resumes fall
Asian stocks surrendered earlier gains to hit 3-1/2-year lows on Friday as renewed pressure on oil prices and disappointing Chinese data kept investors on...
Al-Khodari: Saudi construction sector faces tough times ahead
Saudi Arabia's construction industry faces difficult times ahead as the prospect of state budget cuts adds to painful labour reforms, according to major builder...
Saudi government to increase water prices
Saudi Arabia will increase the price of water for non-residential consumers, local media reported, a sign the government is cutting back an expensive system of...
Iran urges oil producers to keep discussing freeze, says it can't sign up
Iran urged other oil producers on Monday to continue talks on an output freeze to prop up crude prices, but insisted it was justified...
Qatar forecasts $12.77 billion budget deficit
Energy-rich Qatar has forecast a budget deficit of more than $12 billion in 2016, citing a sharp drop in oil and gas prices, local...
Richest 62 people own same as half world's population – Oxfam
The wealthiest 62 people now own as much as half the world's population, some 3.5 billion people, as the super-rich have grown richer and...
