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...
Saudi worries as UAE stocks sink on oil's slide
United Arab Emirates stock markets slid in early trade on Sunday in response to further weakness in oil prices and the decision by Fitch...
MIDEAST STOCKS-Saudi rises on FTSE review; Egypt up after govt reshuffle
Saudi Arabia's stock market rose in early trade on Sunday after index compiler FTSE added the country to its watchlist for potential upgrade and...
Oil prices slide as Britain votes to leave EU
World oil prices plunged Friday, mirroring sentiment on stock markets, as the dollar strengthened in reaction to Britain voting to bolt from the European...
OPEC unlikely to cut oil production amid cheap prices
OPEC looked unlikely to take steps to cut oil production to lift languishing prices at a meeting on Friday, potentially worsening one of the...
Oil weakness clouds outlook for Gulf corporate bonds
The dramatic decline in crude oil prices over the past year has left some corporate and infrastructure companies in the Gulf Cooperation Council (GCC)...
Horse Racing-Dubai World Cup prize money raised to $12 mln
Dubai's ruler on Wednesday increased the Dubai World Cup purse to $12 million, maintaining its status as one of the world's richest horse races.
The...
Saudi shares dive after deficit announcement
Saudi shares dived at the start of trading Tuesday a day after the oil-rich kingdom announced a record $98 billion deficit this year and...
Iraq's food business grows despite war and economic slump
Iraqi businessman Zaid Nazo has always been sure of his nation's deep passion for food and wasn't afraid to dream big when he transformed...
Global oil demand growth to slow in 2016
The world's demand for oil is expected to slow in 2016 in response to a more pessimistic outlook for the global economy, the International...
