Gulf Arabs race to release youth potential in age of cheap oil
Like the prototype drone of Emirati student Talib Alhinai, the ambitions of young people across the Gulf Arab states need to soar if they...
Russia to supply 40 Mi-28 attack helicopters to Algeria
Russia will deliver 40 Mi-28NE attack helicopters to Algeria in line with a bilateral contract, Interfax news agency said on Friday, quoting a source...
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...
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...
Salaries in Kingdom grow 4.5% in 2015 despite falling oil prices
JEDDAH — Salaries across Saudi Arabia have increased by an average of 4.5 percent in 2015 – slightly below the rate of 5 percent...
Saudi Prince Alwaleed bin Talal raises stakes in Twitter
Saudi tycoon Prince Alwaleed bin Talal bin Abdulaziz al Saud and his Kingdom Holding Company announced Wednesday they have increased their stake in Twitter...
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...
Global watchdog flags slow "too big to fail" bank rule adoption
Many countries have not yet introduced laws allowing regulators to write down bank's debts to avoid taxpayer bailouts and prevent them being "too big...
Saudi pricing shows oil volatility in action amid oversupply
Saudi Arabia's decision to lower prices for oil loading in November shows that the battle for market share in an over-supplied Asian crude market...
Qatar 'optimistic' ahead of crunch Doha oil talks
Qatar said Thursday there was an "atmosphere of optimism" that an agreement would be reached at this weekend's crunch meeting of the world's major...
