World's largest indoor theme park to open in Dubai
The world's largest indoor theme park is set to open in Dubai this month to lure back some of the tourists and residents who...
Kuwait and Saudi agree to resume output at disputed oilfield
Saudi Arabia and Kuwait have reached a deal to resume production at the disputed Khafji offshore oilfield, Kuwait's acting oil minister said on Tuesday.
"An...
Nasser Confirmed as New Saudi Aramco President
A veteran executive with oil giant Saudi Aramco, Amin Nasser, has been confirmed as the company's president, the Dhahran-based firm said Thursday.
Nasser had been...
Oil slides to lowest since 2003 as Iran sanctions lifted
Oil prices hit their lowest since 2003 on Monday, as the market braced for a jump in Iranian exports after the lifting of sanctions...
Politicians and celebs deny abuse of offshore accounts
The president of Ukraine became the latest prominent politician to deny wrongdoing Wednesday after his name was linked to secretive offshore accounts arranged by...
Gulf banks are limiting their lending to minimize losses
Gulf central banks have introduced stimulus measures worth tens of billions of dollars including loan repayment holidays to distressed businesses and individuals and fee...
Tadawul: Insurance stocks among the top gainers
Middle East stock markets moved little in modest trading volumes on Sunday as uncertainty over oil prices and the global market environment kept many...
Lebanese dollar reserves recover from last year’s crisis
The Lebanese central bank's dollar reserves grew in early 2018, recovering from a decline during a political crisis last year that pushed up interest...
Saudi currency stable despite low oil prices
Saudi Arabia on Monday said its currency was stable despite volatility in the futures market as the kingdom takes unprecedented measures to deal with...
Saudi Arabia crude exports fall to 7.276m bpd in July
Saudi Arabia’s crude oil exports in July fell to 7.276 million barrels per day from 7.365 million bpd in June, official data showed.
Monthly export...
