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Qatar fuel prices set to fluctuate from next month ARABIA

Qatar fuel prices set to fluctuate from next month

Fuel prices in Qatar will fluctuate in response to changes in the global market from May 1, the Ministry of Energy and Industry announced on Tuesday.

4:45 AM November 25 2016
Oil prices rebound sharply after losses ECONOMY

Oil prices rebound sharply after losses

Oil prices rose on Tuesday, rebounding from heavy losses that were sparked by a report that Saudi Arabia was close to completing an oilfield expansion.

4:45 AM November 25 2016
Saudi unveils far-reaching plan to move away from oil ECONOMY

Saudi unveils far-reaching plan to move away from oil

Saudi Arabia said it would create the world's largest wealth fund and sell shares in state energy giant Aramco as it unveiled a vast plan to transform its oil-dependent economy.

4:45 AM November 25 2016
Saudi executes Pakistani man for drug trafficking ASIA

Saudi executes Pakistani man for drug trafficking

Saudi Arabia executed a Pakistani national on Thursday for smuggling drugs, taking to 86 the number of people the kingdom has put to death this year.

4:45 AM November 25 2016
US President Obama arrives in Saudi capital Riyadh for summit ASIA

US President Obama arrives in Saudi capital Riyadh for summit

US President Barack Obama arrived in Saudi Arabia's capital Riyadh on Wednesday for a summit meeting with King Salman and his fellow Gulf Arab leaders.

4:45 AM November 25 2016
Oil extends recovery as Kuwait strike enters third day ECONOMY

Oil extends recovery as Kuwait strike enters third day

Oil prices recovered further on Tuesday as a strike by Kuwaiti petroleum workers entered its third day, offsetting downward pressure from a failure by producers to freeze output.

4:45 AM November 25 2016
Iran sees oil output rising to pre-sanctions level by June ECONOMY

Iran sees oil output rising to pre-sanctions level by June

Iran's oil production will reach pre-sanctions levels within two months, a deputy oil minister was quoted as saying in what could be read as a signal that it might be willing to join efforts to support prices.

4:45 AM November 25 2016
Oil prices tumble after Saudi-Iran tensions sink output deal ECONOMY

Oil prices tumble after Saudi-Iran tensions sink output deal

Oil prices tumbled on Monday after a meeting by major exporters in Qatar collapsed without an agreement to freeze output, leaving the credibility of the OPEC producer cartel in tatters and the world awash with unwanted fuel.

4:45 AM November 25 2016
Oil producers to continue discussions on freeze deal ECONOMY

Oil producers to continue discussions on freeze deal

Eighteen Opec member countries and major producers from outside the group met in Doha yesterday to discuss a possible freeze in oil production at January’s levels

4:45 AM November 25 2016
Almarai seeks controlling stake in UAE's National Food Products ECONOMY

Almarai seeks controlling stake in UAE's National Food Products

Saudi Arabia's Almarai wants to buy a controlling stake in the United Arab Emirates' National Food Products Co (NFPC), the Riyadh-listed firm said on Sunday.

4:45 AM November 25 2016
Qaeda fighters ousted from south Yemen town: security ASIA

Qaeda fighters ousted from south Yemen town: security

Pro-government forces expelled Al-Qaeda fighters from a provincial capital close to Yemen's second city of Aden on Friday, security officials said.

4:45 AM November 25 2016
Two people killed in Saudi floods: state TV ASIA

Two people killed in Saudi floods: state TV

Two people have been killed by flooding in southwestern Saudi Arabia, state television reported on Thursday.

4:45 AM November 25 2016