Egypt to offer incentives for low-cost airlines
Egypt plans to announce incentives for low-cost airlines such as easyJet and Germany's Air Berlin and Condor to help combat a slide in tourist...
Saudi Arabia says seeks to balance interests of oil consumers and producers
Saudi Arabia said on Monday its energy policy was geared towards balancing the interests of oil consumers and producers and encouraging investment in different...
Iran urges oil producers to keep discussing freeze, says it can't sign up
Iran urged other oil producers on Monday to continue talks on an output freeze to prop up crude prices, but insisted it was justified...
Lebanon to discontinue paying outstanding Eurobonds
Lebanon, hit by a grinding dollar liquidity crunch amid its worst economic recession in decades, had set the stage for a default on its...
OPEC November oil output rises, led by Saudi Arabia and Iraq
OPEC oil output has risen in November from the previous month, a Reuters survey found on Monday, led by a rebound in Iraqi exports...
New measures implmented to target ‘unethical’ online news portals
Electronic newspapers in Saudi Arabia are facing difficult times with the Ministry of Culture and Information announcing plans to implement a comprehensive corrective campaign...
Saudi Aramco considers new industrial city project in east
State oil giant Saudi Aramco is considering whether to build a new industrial city in the south of the Al Ahsa district in Saudi...
Saudi to save $7 billion from energy reforms
Saudi Arabia is expected to save $7 billion a year after it introduced unprecedented energy price rises in a bid to offset the low...
China's retail investors seek safety first
As China's legions of retail investors flee the country's tumultuous equity markets, pushing stock prices down around 15 percent so far this year, money...
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...
