An official from the Saudi Aramco oil company on Tuesday said customers were unaffected by an attack that came from Yemen's Houthi group at a petroleum products distribution plant in the north of Jeddah city.
The United Arab Emirates has relaxed and removed a range of limits on foreign ownership of companies, state-run media reported Monday, in the country’s latest bid to boost its global status and attract foreign investors.
(Adds details) DUBAI, Nov 19 (Reuters) - Saudi Arabia's acting information minister on Thursday said the kingdom could review its VAT increase after the novel coronavirus pandemic ends, a move which may spur economic recovery after the tax increase boosted inflation.
Saudi Arabia announced Thursday it will invest $20 billion in artificial intelligence projects by 2030, as the oil-rich country seeks to diversify its economy amid slumping crude prices.
Energy giant Saudi Aramco said Monday it had hired banks to sell dollar-denominated bonds, to boost finances as the coronavirus pandemic weighs heavily on...
Dubai-based Emirates airline on Thursday posted its first loss in more than three decades, saying it had been badly hit by the coronavirus lockdown that...
Dubai's largest listed developer Emaar Properties reported on Wednesday a near halving in profit for the first nine months of the year, while its chairman...
Saudi Arabia's economy shrank 4.2 percent in the third quarter from a year earlier, government data showed on Tuesday, a smaller contraction than the second...
Lebanon is suffering from an arduous and prolonged depression, the World Bank said on Tuesday, criticising authorities for "a deliberate lack of effective...
Caretaker Finance Minister Ghazi Wazni Tuesday officially requested that Central Bank Governor Riad Salameh implement Parliament’s decision to provide all the...
Bitcoin fell as much as 7% against the dollar on Tuesday as the fledgling currency was back to its volatile self after having scaled a record peak earlier in...
British department store group Debenhams is set to close all its UK shops after 242 years in business, putting 12,000 jobs at risk in the country's second...
Shares of banks, oil and travel companies soared on Monday after Pfizer said its experimental COVID-19 vaccine was more than 90 percent effective, prompting...
Turkey's lira staged its biggest rally in more than two years on Monday, soaring nearly 6% after the surprise departure over the weekend of both the finance...
The OPEC+ deal on oil output cuts could be adjusted as it has been in the past if there is consensus among members of the informal producers' group, Saudi...
The shock departure of Turkey's top two economic policymakers at the weekend sets the stage for an interest rate hike and other moves to halt a record slide...
Saudi Arabia on Wednesday announced reforms that will abolish some key restrictions tying millions of low-paid and vulnerable migrant workers to their...
Energy giant Saudi Aramco Tuesday posted a 44.6 percent slump in third-quarter profit, as the coronavirus pandemic weighs heavily on demand for crude oil.
The cabinet of the United Arab Emirates approved a smaller federal budget for 2021 in a sign that the country is curbing expenditure amid the coronavirus...
Gulf OPEC producers the United Arab Emirates and Kuwait, as well as Iraq, are debating whether they should roll over existing oil supply cuts into 2021, as...
Saudi Arabia posted a budget deficit of 40.768 billion riyals ($10.87 billion) in the third quarter this year, the ministry of finance said Wednesday, as oil...
Dubai airport, the world's busiest for international travel before the coronavirus crisis, could see passenger traffic fall by as much 70% this year, its...
The Turkish currency slid further Monday to an all-time low against the U.S. dollar after President Recep Tayyip Erdogan challenged the United States to slap...
After years of focusing on U.S. shale, Chevron Corp is staking its natural gas future on the Middle East, a volatile and divided region where energy majors...
A new wonder is rising in the southern desert of Dubai against the backdrop of Persian Gulf beaches, but it's not another skyscraper to grace the futuristic...
Iraq's Kurdish region has for decades lived off its oil wealth, but plummeting energy prices amid the pandemic and financial mismanagement are forcing locals...
Turkey’s president has announced the discovery of an additional 85 billion cubic meters of natural gas reserves in the Black Sea.
EU-funded YEP MED project to provide employment opportunities for the Mediterranean youth