Saudi Arabia derives 80 percent of its revenue from oil and has a budgetary "break-even" point almost double the current per-barrel price of $40.» Read More
Indonesia has imposed a ban on any more of its domestic helpers from working in 21 Middle Eastern countries, but will the move backfire?
RIYADH, May 5- After failing for years to win a single order for the Dassault-built Rafale fighter jet, France has scored a string of multi-billion-euro wins in recent weeks and is on a quest for more. Egypt, India and Qatar have all just signed contracts. After signing deals worth some 15 billion euros for a total of 84 aircraft, France now has the United Arab Emirates...
PARIS, April 30- Qatar has agreed to buy 24 Dassault Aviation- built Rafale fighter jets in a deal worth 6.3 billion euros, the French government said on Thursday, as the Gulf Arab state looks to boost its military firepower amid regional instability. Tensions in the Middle East with conflicts in Yemen, Syria and Libya, as well as concerns of Iran's growing influence...
PARIS, April 30- Qatar has agreed to buy 24 Dassault Aviation- built Rafale fighter jets in a deal worth 6.3 billion euros, the French government said on Thursday, as the Gulf Arab state looks to boost its military firepower amid regional instability. Tensions in the Middle East with conflicts in Yemen, Syria and Libya, as well as fears of Iran's growing influence in...
PARIS, April 30- France has been informed by Qatar that the Gulf Arab state intends to buy 24 Dassault Aviation- built Rafale fighter jets, the French president's office said in a statement on Thursday.
PARIS, April 30- France could sign a deal worth about 3 billion euros with Qatar for the sale of as many as 36 Dassault Aviation- built Rafale fighter jets in the next few days, Europe 1 radio reported on Thursday. Dassault Aviation declined to comment. France has already sold Rafale jets to India and Egypt this year.
OTA, Japan, April 27- For Naren Mahat, a 27- year-old Nepali living in Japan, there was a long and painful wait on Saturday between news of a devastating earthquake and, finally, word from family members cut off by bad phone lines and repeated aftershocks. Thousands of others work in other Asian countries including Malaysia, South Korea and Japan, where they are...
And Venezuela's oil minister Asdrubal Chavez met in Caracas with the local ambassadors of eight OPEC members plus Indonesia on Wednesday, the ministry said. Nearly four months of sub- $60 a barrel crude oil prices is weighing heavily on cash-strapped producers such as Venezuela and Russia, who failed to coax OPEC into cutting output last November.
*Russian delegation to meet OPEC in Vienna in June. Russia has stepped up contacts with OPEC after oil prices plunged last year, however it has dismissed any suggestion it might cut output to prop up prices, saying it is technically impossible to idle production due to the harsh climate in Siberia, the heartland of Russian oil production. The fall in price of oil,...
DOHA, April 14- Qatar opened the Middle East's first centre for clearing transactions in the Chinese yuan on Tuesday, saying it would boost trade and investment between China and Gulf Arab economies. "The launch of the region's first renminbi clearing center in Doha creates the necessary platform to realise the full potential of Qatar and the region's trade...
Businesses can lower risk to their supply chains by setting up shop in these countries, a study says.
As the U.S. reduces its military budget, Jim Cramer sees allied countries are arming themselves. This is good news for one group of stocks.
CNBC's Phil Han reports on the unexpected delay in the delivery of Airbus' brand new A350 aircraft to Qatar Airways.
The owner of London's Canary Wharf on Friday rebuffed a raised $4.1 billion bid from Qatar and a North American investor.
CNBC's Phil Han takes a look at which foreign governments are buying up big chunks of prime London real estate.
Countries around the world that rely on oil revenues are bracing for an imminent economic and budget hit.
Oil could continue its deep slide, under new pressure from Saudi Arabia's decision to cut its selling price rather than cut production.
The top soccer official in the U.S. wants to change the way FIFA, soccer's world governing body, does business.
Qatar has introduced reforms aimed at its migrant workforce following criticism of conditions at its sites for the 2022 World Cup.
Before fighting in Gaza can end, Hamas may need to address a problem—its payroll.