Main headlines

October 28, 2014

Mohammed Al-Issa told Al-Hayat newspaper on Sunday that other reasons included marriage conflicts, forgery, depression and ethical issues.
04:55 GMT

An average of 100 Saudis studying in the US are expelled from the country annually for various reasons, including violating immigration rules

October 27, 2014

Iraq's oil supplies were held back by decades of war and sanction
19:42 GMT

Iraq's oil exports from its southern terminals are holding close to a record high in October and Kurdish shipments are climbing,

Oil prices have fallen by a quarter since June as excess supply and weaker demand create a glut on world markets.
17:51 GMT

Gulf states, which have based their budgets on an oil price of $80 a barrel or less, are likely to remain relatively sanguine about current oil market conditions.

During the meeting, Hollande and Alwaleed discussed political, economic and cultural matters.
17:15 GMT

Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud, Chairman of Kingdom Holding Company (KHC), attended recently a dinner at the French presidential palace, The Elysee, on the invitation of French President François Hollande.

The report said the reserves had increased by $15.7 billion in the first six months of the year.
14:09 GMT

Kuwait had accumulated reserves of $548 billion as of June 30 after continued growth in the first six months of 2014

Arab Bank Group said it had begun legal steps to appeal a US jury ruling which found it liable for financing Islamic group Hamas.
04:55 GMT

The US civil lawsuit brought against the Jordan-based bank has been described by lawyers as the first of its kind to reach trial

But it is not in Aabar’s interests to derail the deal as a failed merger could drive down shares in the stock market.
04:55 GMT

Aabar Investments is demanding a hefty premium for its minority stake in Malaysia’s No.4 bank.

October 26, 2014

Millions of people are being spied on by free apps they have installed on their mobile phones, security experts have warned.
14:03 GMT

Technology experts say the warning should serve as a reminder that if an app is free, its business model may involve selling the customer’s data.

Oil prices had an impact on SABIC’s earnings through the prices of raw materials and final products
13:38 GMT

The recent decline in global oil prices will prove temporary even if it lasts a year or so,the chief executive of Saudi Basic Industries Corp said on Sunday.

Political instability has scared off wealthy Gulf Arab tourists and some investors.
13:20 GMT

The stimulus packages have comprised low borrowing rates for housing and new projects, including renewable energy.

Supply to the market – both domestically and for exports – may differ from production depending on the movement of barrels in and out of storage.
04:55 GMT

The dip in supply comes when some in OPEC have called on its biggest producer to cut back output to support oil prices.


The report directly mentioned the corruption investigations that went public in December of last year.
04:55 GMT

The Organization for Economic Co-operation and Development (OECD) said it is “seriously concerned” about Turkey's ability to detect and investigate foreign bribery

October 24, 2014

The transaction completes the financial restructuring of Doux that filed for insolvency over two years ago.
20:59 GMT

The Saudi-Arabian food group Almunajem has taken a stake of 25 percent in the French poultry producer Groupe Doux.

October 23, 2014

Iran is normally among the first members of the oil producers’ group to call for supply cuts to support prices.
04:55 GMT

Iran’s dependence on oil revenue is putting the Islamic Republic’s economy at the mercy of major powers,

October 22, 2014

One-year dollar/Saudi riyal forwards jumped to 90.0 points, their highest level since a peak of 91.50 points hit in March 2011.
11:44 GMT

The dollar demand had pushed the Saudi riyal’s spot rate unusually far beyond its peg of 3.75 against the dollar.