Saudi & Bahrain sign $300m deals for new oil pipeline
Saudi Arabia and Bahrain have signed contracts worth around $300 million to lay a new 350,000-barrel per day (bpd) oil pipeline between the two...
Saudi Arabia seeks $6-8 billion bank loan
Saudi Arabia is seeking a bank loan of between $6 billion and $8 billion, sources familiar with the matter told Reuters, in what would...
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...
Nigeria's President Buhari to talk oil in Saudi and Qatar
President Muhammadu Buhari is to visit the Gulf for a week-long tour, with a focus on ending the global slump in oil prices that...
Oil rebounds above $40, with eyes on Doha
The oil market rebounded sharply this week, with Brent back above $40 per barrel, as hopes grew of an output freeze at the looming...
OPEC say Saudi comments show desire for higher oil price
OPEC delegates say comments from top exporter Saudi Arabia, which two years ago led the group to drop its historic role of supporting oil...
Messaging app Line soars in Wall Street debut
Shares in the Asian hit messaging app Line surged 33 percent in the first day of trade in New York Thursday in a market...
Saudi monarch addresses Egyptian parliament
Saudi Arabia's king addressed the Egyptian parliament on Sunday, the fourth day of a visit that saw the oil-rich kingdom pledge billions of dollars...
Saudi bank ANB set to sell 2 billion SAR capital-boosting sukuk
Arab National Bank (ANB) is close to completing a 2 billion riyal ($533.3 million) capital-boosting sukuk issue, sources familiar with the matter told Reuters...
John Lewis to enter Middle East with Dubai store
John Lewis, Britain's largest department store group, is to enter the Middle East market, opening an outlet in Dubai next year as it steps...
