Wednesday, July 29, 2015
Kuwait has called on Saudi Arabia to resume production at a disputed border oil field, saying its neighbor will be held responsible for revenue losses, reports said Tuesday.
Tuesday, July 28, 2015
Israel's Teva Pharmaceutical Industries Ltd. said Monday it is purchasing Dublin-based Allergan Plc's generic pharmaceuticals business for US$40.5 billion, in what Israeli analysts called the largest-ever acquisition by an Israeli company.
Thursday, July 23, 2015
Leading oil producer the United Arab Emirates will scrap subsidies on petrol and diesel from August to cut spending as low crude prices hit revenues, the energy ministry said Wednesday.
Saturday, July 18, 2015
Foreign firms are eager to exploit the potential of Iran's long-isolated economy following a landmark nuclear deal, but experts say doing business in the Islamic republic will remain hugely challenging.
Saturday, July 11, 2015
Saudi Arabia's Prince Saud al-Faisal, formerly the world's longest-serving foreign minister who oversaw four decades of turbulent diplomacy for the oil-rich kingdom, died on Thursday.
Friday, July 10, 2015
Iran lashed out at Western powers accusing them of changing positions at the 11th hour in intense nuclear talks, as the EU warned it was time Friday to say "yes or no" to a deal on the table.
Tuesday, July 7, 2015
The Egyptian pound has fallen to a new low against the U.S. dollar, the second such drop in days, the country's central bank said Sunday, in a move that could help boost much-needed foreign investment.
Tuesday, June 30, 2015
Qatar conceded Monday that "much more needs to be done" on the controversial issue of labor reform following fresh criticism of the 2022 World Cup hosts over the pace of change.
Tuesday, June 16, 2015
Saudi Arabia's stock market, valued at US$585 billion, opened up to direct foreign investment for the first time Monday, as the kingdom seeks an economic boost amid low global oil prices.
Friday, June 5, 2015
The price of crude remains too low for most OPEC member nations. But with the 12-nation cartel's control of supply and demand slipping, its oil ministers may have little choice this week but to sit back and do nothing.