Saudi to overhaul floundering financial district and economic cities
Saudi Arabia is revising plans for a glitzy financial district in Riyadh and the creation of six industrial cities, after the projects were plagued...
Algerian billionaire Rebrab buys media group
Algerian billionaire Issad Rebrab, the country's wealthiest entrepreneur, has bought the El Khabar media group for around 40 million euros ($45 million), the group...
Saudi security forces kill suspected militant in Taif
Saudi security forces said on Monday they had killed a suspected militant during a siege which followed an attack on a police station in...
Emirates airline says profits are up amid lower oil prices
The Middle East's biggest airline, Emirates, says its profits jumped by about 56 percent to $1.9 billion in the last fiscal year largely due...
Suicide bombs kill 13 near Mogadishu airport
At least 13 people were killed on Tuesday in twin bombings near UN and African Union buildings adjoining Mogadishu's airport, police said, in what...
Oil prices rise on bargain-buying
Oil prices rebounded Friday after tanking nearly five percent the day before as bargain hunters swooped into the market.
The commodity plunged Thursday in response...
Saudi conglomerate Binladin avoids financial crisis
Saudi Binladin Group, the kingdom's biggest construction conglomerate, appears to have pulled back from the brink of a financial crisis that risked damaging the...
Iraqi commander: About 2,500 ISIS militants killed in Fallujah
A senior Iraqi military commander says about 2,500 Islamic State militants have been killed during a month-long offensive to recapture the city of Fallujah.
The...
Russia sees oil price of $45-$50 per barrel 'acceptable' as it prepares for freeze...
Russia believes an oil price at $45-$50 per barrel is acceptable for the global oil market to balance, as it prepares to meet leading...
Saudi Arabia names Pakistani man as suicide bomber in Jeddah
Saudi Arabia on Tuesday identified the suicide bomber who struck outside the U.S. Consulate in Jeddah as a Pakistani resident of the kingdom who...
