Oil will blow past $80 a barrel in 2016
The next big move in the price of oil will be up. For now, OPEC producers are flooding the market with cheap crude. But...
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 Aramco seeks discounts on drilling costs-sources
State-run Saudi Aramco has asked oilfield service companies to extend discounts to next year as the oil giant cuts costs amid falling oil prices,...
Saudi Aramco keeps up investment despite crude fall
Saudi Aramco, the world's biggest oil exporter, is maintaining investments despite cutting costs in other ways to cope with plummeting crude prices, the company's...
Egypt bans domestic trading of imported wheat
Egypt has banned the trading of imported wheat inside the country, Supply Minister Khaled Hanafi said on Wednesday, a move which could reduce smuggling...
Smartphones overtake desktops for Christmas shopping
If the beginning of the holiday season is any indication, it could be a merry mobile Christmas for shoppers.
For the first time, there's expected...
A blow in the nerves of Asian markets after China Virus-outbreaks
Asian markets witnessed lower rates on Friday upon the rapid spread of a viral illness in China.
The Coronavirus infection has killed at least 25...
Microsoft's Gates to start multi-billion-dollar clean tech initiative
Microsoft co-founder Bill Gates will launch a multi-billion-dollar clean energy research and development initiative with heads of state on Monday, the opening day of...
Samsung Galaxy S7 may be launched this January
Samsung is reportedly moving up the launch of its next flagship smartphone, the Galaxy S7, to January in order to ramp up competition with Apple...
Kuwaiti government requests special 6.2 bln dinar budget for weapons
The Kuwaiti government asked parliament to approve a supplementary budget of 6.2 billion dinars ($20.4 billion) to fund weapons purchases for the military over...
