RIYADH: Saudi Arabia’s 2015 state budget will not be announced on Monday but instead will be revealed after a special cabinet meeting later this week, local media reported.
JEDDAH: Stock markets around the Gulf rose sharply for a second straight day on Sunday after oil prices bounced and before the release of Saudi Arabia’s 2015 budget plan, which is expected to show the
NEW YORK: Wall Street in 2014 enjoyed its best year for initial public offerings since 2000, thanks to the record-setting flotation of Chinese Internet giant Alibaba and a barrage of biotech deals.
ABU DHABI: Falling oil prices will not affect the development of oil and gas infrastructure in Bahrain, including an import terminal for natural gas and expansion of a major pipeline and refinery, the
ABU DHABI: OPEC Secretary-General Abdullah Al-Badri said he hoped to see a recovery in the price of oil by the end of the second half of 2015.
The technical transformation witnessed by Mobily has contributed to the innovation of new and efficient services provided by the company to the business sector in the Kingdom.
ABU DHABI: The Saudi and Kuwaiti oil ministers said that their countries would not cut oil production even if non-OPEC members reduce their output to shore up sagging oil prices.
MOSCOW: Deep recession, skyrocketing prices and a fragile banking system: Although the ruble seems to have stabilized after its abysmal drop this past week, Russia still faces the heavy consequences o
ABU DHABI: Petroleum and Mineral Resources Minister Ali Al-Naimi said he was confident world prices would improve after a slide he blamed partly on “lack of cooperation” by producers outside OPEC.
Net profits of the listed retail firms grew by 11.2 percent to SR 803 million in the third quarter of the current year compared to SR722.5 million in the same period last year, according to a financia
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