The Saudi budget would be around SR800 billion in 2015 if the price of oil ranges between $50 to $60 per barrel, said several experts recently.
DUBAI: Abu Dhabi's Aldar Properties will cut its debts by more than a third over the next two years, its chief financial officer said on Monday, extending a trend that has already led to credit agenci
DUBAI/LONDON: Dana Gas, one of the largest investors in Iraq's Kurdistan, said on Monday the semi-autonomous region had failed to pay $100 million as instructed by a London arbitration court, promptin
KIEV: US energy major Chevron plans to withdraw from a $10 billion shale gas deal with Kiev, a senior Ukrainian presidential official said on Monday.
LONDON: The most important characteristic of the US oil industry is inertia — or to put it another way, drilling and production respond sluggishly even to a large change in prices.
MUMBAI: India's wholesale inflation fell to a five-and-a-half-year low driven by ongoing falls in fuel and food prices, data showed Monday, boosting expectations of an interest rate cut early next yea
MADRID: Spain's prime minister admitted on Monday that jobless people and their families are still suffering the consequences of the economic crisis even though the country is gradually recovering fro
WASHINGTON: US manufacturing output in November surpassed its pre-recession peak, as auto production kicked into a higher gear.
DUBAI: Oil producers group OPEC can ride out a slump in oil prices and keep output unchanged, its head said on Sunday, arguing market weakness did not reflect supply and demand fundamentals and could
A prominent rice importer has predicted that rice prices in the Kingdom are expected to go down by 5-10 percent in the coming months, local media said.
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