An Exxon Mobil refinery in St. Bernard Parish, Louisiana (AP)
VIENNA: OPEC oil output has risen in November from the previous month, a Reuters survey found on Monday, led by a rebound in Iraqi exports after bad weather had temporarily halted supply growth from t
DUBAI: Several major Middle Eastern stock markets rose on Tuesday, led by Qatar, which recovered steep losses triggered the previous day by MSCI’s rebalancing of its emerging markets index.
LONDON: Gold rose for a second day on Tuesday, rebounding from last week’s 5-1/2 year low, as a retreat in the dollar prompted investors to cover short positions ahead of a European Central Bank (ECB)
JEDDAH: The Royal Commission at Yanbu has organized an introductory meeting on investment opportunities in Madinat Yanbu Al-Sinaiyah, in the presence of board chairman and members of Council of Saudi
FRANKFURT: Germany’s influential newsweekly Der Spiegel said it would shed around a fifth of its staff and start charging for some articles online as it tries to fight a decline in advertising and cir
RIYADH: The Capital Market Authority (CMA) has advised investors to deal only with financial institutions licensed by the authority.
DAMMAM: Accelerating the level of local content among its suppliers — local and international — is a key strategic priority for Saudi Aramco, said Amin Nasser, the company’s president and CEO at a for
HONG KONG: The International Monetary Fund’s decision to add China’s yuan to its reserves basket is a triumph for Beijing, but the fund’s verdict that the currency met its “freely usable” test will ha
RIO DE JANEIRO: Brazil’s economy contracted a greater than expected 1.7 percent in the third quarter, deepening the recession in the world’s seventh largest economy, officials figures showed Tuesday.<
JEDDAH: Dubai-based private equity firm Abraaj Group is to close its office in Saudi Arabia, two sources familiar with the matter said.
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