Oil sags as supply glut weighs
Global oil prices weakened on Tuesday, weighed down by abundant supplies that have plagued the market for months.
Brent North Sea crude for delivery in...
Saudi Telecom profit slump may weigh on kingdom's market
Oct 21 Saudi Arabia's stock market may face further selling pressure on Wednesday as a gloomy oil report and a sustained profit slump at...
UAE discovers natural gas reserves between Abu Dhabi, Dubai
The United Arab Emirates, a leading OPEC producer, announced Monday the discovery of huge gas reserves between Abu Dhabi and Dubai.
The shallow natural gas...
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...
Oil prices subdued in Asia after touching 2016 highs
Oil prices dipped in Asia on Thursday as investors locked in profits after the previous day's surge to six-month highs that was fuelled by...
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...
Royal Dutch Shell first quarter earnings down 58 percent
Oil company Royal Dutch Shell said first-quarter earnings plunged 58 percent as depressed crude prices create "hugely challenging times" for the energy industry.
The Anglo-Dutch...
Lebanese choked by bank controls
Dozens of people line up every morning outside a bank in Lebanon's capital long before the doors open, hoping to extricate whatever little cash...
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...
