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  • DUBAI/ KHOBAR, May 1- Saudi Arabia has approved a restructuring of Saudi Aramco that includes separating it from the oil ministry, a Saudi-owned TV station reported, in a decision analysts said aims to make the state oil giant more transparent and keep it away from political sway. On Wednesday King Salman appointed Saudi Aramco's chief executive Khalid al-Falih...

  • DUBAI, May 1- Saudi Arabia's Supreme Economic Council has approved a restructuring of state oil company Saudi Aramco that includes separating it from the oil ministry, Al Arabiya television channel reported on Friday, citing sources. The Supreme Economic Council is a new body formed by King Salman earlier this year to replace the Supreme Petroleum Council,...

  • DIARY- Emerging Markets Economic Events to May 14 Thursday, 30 Apr 2015 | 8:02 PM ET

    SANTIAGO- Central bank of Chile to release the minutes of April policy meeting- 1230 GMT. BUDAPEST- Central Bank of Hungary non-rate-setting meeting. WARSAW- National Bank of Poland holds Monetary Policy Council Meeting.

  • LONDON, April 30- OPEC oil supply in April has jumped to its highest in more than two years, boosted by record or near-record supplies from Iraq and Saudi Arabia, a Reuters survey showed, as key members stand firm in their focus on market share. The increase from the Organization of the Petroleum Exporting Countries puts output further above forecasts of demand for...

  • France sells 24 Rafale fighter jets to Qatar Thursday, 30 Apr 2015 | 5:22 AM ET

    PARIS— France has announced it will sell 24 Rafale fighter jets to Qatar in a 6.3 billion euro deal. Qatar becomes the third buyer of France's delta-winged Rafale, manufactured by Dassault Aviation. Hollande is due to visit Qatar and Saudi Arabia next week.

  • Air Arabia's Jordanian division to launch flights in May Wednesday, 29 Apr 2015 | 9:47 AM ET

    DUBAI, United Arab Emirates— Middle Eastern budget airline Air Arabia says it plans to launch a new division based in Jordan starting on May 18. The initial destination will be Kuwait City, followed by Jiddah, Saudi Arabia; Irbil, Iraq; and Sharm el-Sheikh, Egypt. Air Arabia is based in the United Arab Emirates city of Sharjah, near Dubai.

  • RIYADH, April 29- Saudi Arabia's new heir to the throne Crown Prince Mohammed bin Nayef, a close friend of the United States and a scourge of Islamist militants, will be the country's first king from the third generation of its ruling dynasty. King Salman bin Abdulaziz, in a decree on Wednesday, appointed his nephew and Interior Minister Prince Mohammed as heir...

  • LONDON, April 28- Ivory Coast will sell its debut Islamic bond in the next two to three months, and is assessing whether to make sukuk issues a regular part of fund raising, its minister for economy and finance said on Tuesday. In April, the Islamic Corporation for the Development of the Private Sector- an arm of the Jeddah- based Islamic Development Bank- said it would...

  • DIARY- Emerging Markets Economic Events to May 11 Monday, 27 Apr 2015 | 2:32 PM ET

    SINGAPORE- Monetary Authority of Singapore releases its macroeconomic review- 0400 GMT. SEOUL- Bank of Korea will release minutes from its April policy rate meeting- 0700 GMT. BUCHAREST- National bank of Romania Governor Mugur Isarescu to attend financial seminar.

  • *Yemen faces mounting humanitarian crisis. LONDON, April 27- Yemen is facing mounting problems bringing in food by sea as the danger from fighting between Houthis and government supporters is exacerbated by an arms blockade by Saudi-led coalition navies searching ships for weapons destined for the rebels. The Arabian peninsula's poorest country, Yemen...

  • *U.S. rig count drops to lowest since 2010- Baker Hughes. Brent fell 20 cents to $65.08 a barrel by 1145 GMT, having touched $65.61 earlier in the session. Fighting in Yemen raged on as Saudi Arabia continued its air strikes against Houthi militia forces in Aden.

  • *U.S. rig count drops to lowest since 2010- Baker Hughes. LONDON, April 27- Brent crude reversed early gains to fall below $65 on Monday as the dollar strengthened, offsetting signs that U.S. shale output may have started to decline and concerns that fighting in Yemen could disrupt Middle East supplies. Brent fell 47 cents to $64.81 a barrel by 0936 GMT, having touched...

  • *U.S. rig count drops to lowest since 2010- Baker Hughes. LONDON, April 27- Brent crude prices steadied above $65 a barrel on Monday, supported by signs that U.S. shale output may have started to decline and concerns that fighting in Yemen could disrupt Middle East supplies. Fighting in Yemen raged on as Saudi Arabia continued its air strikes against Houthi militia...

  • DIARY- Emerging Markets Economic Events to May 7 Friday, 24 Apr 2015 | 8:02 PM ET

    SINGAPORE- Monetary Authority of Singapore releases its macroeconomic review- 0400 GMT. SEOUL- Bank of Korea will release minutes from its April policy rate meeting- 0700 GMT. BUCHAREST- National bank of Romania Governor Mugur Isarescu to attend financial seminar.

  • *OPEC surplus nears 10- year high of 2 mln barrels per day. LONDON, April 24- Brent crude edged up on Friday, poised to mark a third consecutive week of price increases as air strikes in Yemen stoked concerns over the security of Middle East oil shipments. A softer U.S. dollar and strong economic indicators in Europe and Asia also lent support to oil prices despite OPEC...

  • *Saudi-led coalition continues Yemen bombings. *OPEC surplus nears 10- year high of 2 mln barrels per day. LONDON, April 24- Brent crude was on track to finish the week near 2015 highs on Friday as air strikes in Yemen stoked concerns over the security of Middle East oil shipments.

  • *Saudi-led coalition continues Yemen bombings. *OPEC surplus nears 10- year high of 2 mln barrels. LONDON, April 24- Brent crude looked set to finish the week near 2015 highs on Friday as air strikes in Yemen stoked concerns over the security of Middle East oil shipments.

  • *Saudi-led coalition continues Yemen bombings. SINGAPORE, April 24- Oil prices held steady on Friday near 2015- highs reached the session before, remaining on track for weekly gains after renewed air strikes in Yemen stoked concerns on the security of Middle East oil shipments. Brent crude for June delivery had climbed 22 cents to $65.09 a barrel by 0706 GMT,...

  • *Saudi-led coalition continues Yemen bombings. SINGAPORE, April 24- Oil prices on Friday edged down from 2015- highs reached in the previous session, but prices remained on track for weekly gains after renewed air strikes in Yemen stoked concerns on the security of Middle East oil shipments. Brent crude for June delivery was down 30 cents at $64.55 a barrel by...

  • Oil prices edge back from 2015-highs Thursday, 23 Apr 2015 | 10:26 PM ET

    *Saudi-led coalition continues Yemen bombings. SINGAPORE, April 24- Oil prices on Friday edged back from 2015- highs reached the session before, but remain on course for weekly gains after renewed air strikes in Yemen stoked concerns on the security of Middle East oil shipments. The spike in prices on Thursday came as warplanes from a Saudi-led coalition...