Oil markets closely monitor changes in Saudi production because it is the only country with spare capacity to significantly alter output according to demand. (Reuters)
DUBAI: Saudi crude exports fell to 7.42 million barrels per day (bpd) in March, 34,000 bpd less than in February, as Saudi power sector oil use rose and output edged lower, official figures released...
Isuzu Motors has set up in the Kingdom “its first production plant in the Middle East.’ Located in the Industrial City of Dammam II, the Saudi-Japanese joint
Despite an unfavorable climate in the regional and world economic situation, all indicators showed that the Saudi economy has been in excellent shape, according to a rep
NEW YORK: The dollar strengthened against the yen and other major currencies after the Group of Seven backed Japan’s efforts to spur growth through aggressive asse
Kuwait GDP is estimated to grow by 1.1 percent in 2013 as oil prices and production stabilizes, exports remain subdued, and government expenditure slows down, according
The vital role of Saudi banks is one of the main themes to be discussed at the Saudi International SME Forum, which will be held with the support of Finance Minister Ibr
Air Arabia, the first and largest low-cost carrier in the Middle East and North Africa, has announced its financial results for the three months ending March 31, 2013, d
LONDON: HSBC’s recent ale of a stake in a Korean insurer was made with little fanfare, just one of 52 deals struck or businesses closed in the last two years by CE