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Gulf Independent - energy-revenues
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Gulf budget deficit expected to hit $153bn in 2016 ECONOMY

Gulf budget deficit expected to hit $153bn in 2016

Gulf Arab oil exporters are expected to see their budget deficits peak this year owing to the plunge in energy revenues, a report said on Tuesday.

4:45 AM November 25 2016
Saudi Arabia names al-Falih energy minister to replace Naimi ASIA

Saudi Arabia names al-Falih energy minister to replace Naimi

Saudi Arabia, the world's largest crude oil exporter, on Saturday appointed Khalid al-Falih, chairman of the state oil giant Saudi Aramco, as its new energy minister, replacing Ali al-Naimi, who had held the post since 1995.

4:45 AM November 25 2016