While both the candidates are neck to neck, polls suggest that US president Barack Obama has a slight edge over Republican Mitt Romney.
The two Gulf countries are planning to buy Lockheed missile-defense systems worth up to $7.6 billion.
GCC leaders will choose economics over politicised debate in the US election.
The US Federal Energy Regulatory Commission may seek a $435 million civil penalty and roughly $35 million in disgorgement from the lender.
The massive hurricane is expected to hit the US east coast on Monday evening.
Six East Coast oil refineries representing 1.19 million barrels per day could potentially be hit by the deadly storm.
Investors were now waiting for the US payrolls report and the US elections.
People in the Middle East view Republican candidate Romney as being too aggressive.
The final meeting between the US President and his challenger focussed on foreign policy and military might.
The 2nd US presidential debate was a more evenly matched affair than the first, with Obama just edging it.
GE CEO Jeff Immelt says the firm will cut jobs globally but inject $1 billion into Saudi Arabia.
Saudi Arabia’s Oil Minister Ali al-Naimi said earlier this month that the Kingdom was prepared to meet any additional demand for oil.
The Kingdom bought weapons worth $33.4 billion from the US last year, says new report.
With a market capitalisation of around $623 billion, the tech giant is now the world’s most valuable public firm.
Standard Chartered may have settled its Iran regulatory dispute for $340 million but investors remain wary.
Brent oil futures ended at a fresh three-month high on Tuesday as strong US retail sales, tighter North Sea crude supplies and speculation about economic stimulus outweighed weak euro zone data
Next generation iPhones and iPads will no longer have Google’s YouTube app pre-installed in the software.
New York’s top bank regulator has threatened to revoke the bank’s state licence over alleged Iran ties.
New York’s top bank regulator has accused the UK-based bank of hiding $250 billion in transactions tied to Iran.
American Ambassador to the UAE Michael Corbin speaks to Ian Fairservice and Alicia Buller about his hopes for Middle East economic stability.
Supply from OPEC members fell by 450,000 barrels per day (bpd) in July to 31.2 million bpd, a survey has found.
The media mogul has stepped down from some of the company’s subsidiary boards that oversee its British titles.
The US-based bank saw overall net income fall to $2.94 billion in the second quarter of the year.
The Eurozone debt crisis is slowing down economies across the world, said the International Monetary Fund.
The crown prince and the US president discussed regional issues and global energy prices during the meet.
Poor outlook for the US economy and rising supply pushed oil prices to around $92 per barrel on Thursday.
The stock exchange will pay $40 million to investors hit by technical glitches during Facebook’s IPO debut.
Crude oil prices dropped to nearly $100 per barrel fueled by fears about the Eurozone crisis.
The Facebook CEO has lost $1.5 billion in the last five days, losing his spot among the world’s 40 richest people.
Prince Alwaleed’s Kingdom Holding Company will retain its stake in the Fairmont San Francisco Hotel.