Economy

The Kingdom’s Western Region is experiencing an unprecedented real estate boom, with billions of riyals earmarked for mega projects. Among the most important are the SR15 billion, mixed-use Prince...
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Kuwait Finance House net profit rises 13%

KUWAIT: Kuwait Finance House (KFH), the country's biggest Islamic lender, reported a 13 percent rise in first quarter net profi, missing analyst estimates.




Questions on bubble as tech momentum fades

WASHINGTON: After the tech euphoria of 2013, the fast-moving sector has hit a speed bump.



Kingdom imports 80% of food products

Saudi Arabia is importing 80 percent of its food requirements from foreign countries while the remaining 20 percent of foods are locally produced, local media said quoting a report released by the Wor




Putin stating Riyadh trump oil card

It is not an academic debate or even one within think tanks, but a simple statement stating the obvious that politics are governed by the economy, where oil occupies a central position.



Keystone XL pipeline review is delayed

WASHINGTON: The Obama administration is extending indefinitely the amount of time federal agencies have to review the Keystone XL pipeline from Canada, the State Department said, likely shifting the



US petroleum production to reach record in 2014

LONDON: Combined production of crude oil, gas and condensates in the US is on course to a hit a record this year, passing the previous peak set in 1972.



Reliance Q4 sales rise, refining margin narrows

MUMBAI: Indian energy company Reliance Industries Ltd. posted nearly flat fourth-quarter profits, in line with estimates, as a slimmer margin in its oil refining business offset higher revenue.

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