Saudi oil exports rise to 7.364 million bpd in October
Saudi Arabia's crude oil exports in October rose to 7.364 million barrels per day from 7.111 million bpd in September, official data showed on...
Oil exports suspended from Libya oil terminal
Libya's National Oil Corp announced Thursday it had imposed a state of "force majeure" on one of the country's main oil terminals after exports...
Egypt losing $250 million per month after Russian plane crash
An Egyptian government official says Egypt has lost hundreds of millions of dollars since last year's suspected bombing of a Russian plane, which crippled...
Saudi plans stock market reforms to draw foreign money
Saudi Arabia announced a string of reforms to its stock market that could attract billions of dollars of fresh foreign money and smooth sales...
UAE, China to set up $10 bln joint strategic investment fund
The United Arab Emirates and China have established a joint strategic investment fund worth $10 billion, the UAE’s state news agency reported, as China...
Salaries in Saudi Arabia forecasted to increase in 2016
A GCC-wide survey of 600 multinational companies and locally-owned conglomerates - the largest study of its kind in the Gulf region - has forecast...
Dubai ruler says Emirates to privatise government services
The ruler of Dubai says authorities hope to privatize some government services in the oil-rich country.
Sheikh Mohammed bin Rashid Al Maktoum, who also serves...
Low oil price sends Lufthansa profits soaring
German airline Lufthansa said Thursday that low oil prices and booming passenger business sent profits soaring in 2015, a year marred by the Germanwings...
Oil prices give up gains ahead of Federal Reserve move
Oil prices retreated in Asian trade on Wednesday following fresh indications of growing oversupply ahead of the US Federal Reserve's long-awaited decision on interest...
Latin American oil exporters urge oil producers to help stabilise market
Latin America's main oil exporters on Friday called on both OPEC and non-OPEC nations to take action to stabilise oil markets, in a timid...
