On the second day of trading on Riyadh’s stock exchange, Saudi Aramco briefly soared past the target
In this year’s collection of powerful and influential individuals we have a heady mix of consolidation and breakthrough
The law establishes ‘positive’ and ‘negative’ lists of sectors open to more than 49 per cent foreign investment
Qatar forecast a fiscal deficit of 7.8 per cent of GDP this year, the first deficit in 15 years
The agency said demand growth in 2017 is likely to be flat at around 1.3 million barrels per day
Renewables growth could slow this year due to lower oil and gas prices
Australia is tapping into healthcare and education to boost trade links
Median of 17 estimates points to a positive end to the year
IDC expects growth to slowdown as projects are pushed back
Companies in the sultanate are also reportedly cutting bonuses
King Salman is expected to broadly continue Abdullah’s policies, analysts say.
The stock market rose in the minutes after the announcement, trading 0.9 per cent higher.
Brent crude fell towards $84 a barrel on Tuesday, after top oil exporter Saudi Arabia cut prices to the United States.
Kuwait’s oil minister said on Sunday OPEC was unlikely to cut production to support prices.
South American nation Venezuela tops the list, followed closely by Saudi Arabia.
The UAE-based oil trader looks to hire a CRO as its forced to cut operations in the country by 60 per cent.
The Kingdom reportedly reduced oil output by 300,000 barrels per day from June.
Supply from OPEC members fell by 450,000 barrels per day (bpd) in July to 31.2 million bpd, a survey has found.
The UAE aims to increase exports from the new oil terminal as threats to close the Strait of Hormuz rise.