OPEC announced it would extend cuts in oil output by nine months to March 2018 on Thursday, OPEC delegates said according to a Reuters report.
RIYADH, May 25- Saudi Telecom Co's new $500 million venture capital fund expects to complete its first transaction by the fourth quarter of this year, the fund's chief executive said on Thursday at its launch in Riyadh. It would aim to spend its $500 million over the next four to five years in $100 million tranches. Biyari said the $100 million Careem stake would be...
OPEC's initial six-month deal to cut oil production failed to achieve its goal of shrinking huge global crude stockpiles.
CNBC's Stephen Sedgwick reports oil prices tumble after OPEC delegates announced an agreement to cut oil output for the next nine months.
Tamar Essner, Nasdaq Corporate Solutions director of energy and utilities, shares her thoughts on OPEC's agreement to curb oil production for the next nine months and what the oil output cuts means for shale growth in the U.S.
Saudi Arabian Minister of Energy Khalid Al-Falih discusses the potential to extend the current OPEC supply cut.
Sen. Rand Paul is seeking to force a vote on a key portion of $110 billion Saudi Arabia arms deal.
Iraq's Jabbar al-Luaibi and Iran's Bijan Zanganeh expressed support for a nine-month extension to OPEC-led production cuts.
The American electorate chose an inept president. Of course Washington looks less like Washington, writes Kevin Williamson.
DUBAI, United Arab Emirates— A court in the United Arab Emirates sentenced a businessman accused of stealing $1.5 billion while working for one of its sheikhdoms to 15 years in prison over one alleged scam, authorities said Wednesday. Businessman Khater Massaad maintained his innocence and told The Associated Press from Saudi Arabia that the charges were...
Former Senate Majority Leader George Mitchell, "A Path to Peace" author, talks about the long history of conflict among Arab countries in the Middle East, and explains why it is in both Israel and Palestine's interest to work towards peace.
Former Senate Majority Leader George Mitchell, "A Path to Peace" author, provides insight to opportunities for peace in the Middle East. The Israeli-Palestinian conflict should not be seen in isolation from the region around it, says Mitchell.
President Trump and Pope Francis met at the Vatican City on Wednesday and broadcast a tone of peace around the globe.
RIYADH, May 24- General Electric signed a one billion riyal joint venture agreement on Wednesday with Saudi Arabia's state-backed Dussur industrial development company to manufacture gas turbines in the eastern city of Dammam. The agreement, announced at a press conference in Riyadh, follows an announcement by GE during U.S. President Donald Trump's visit...
Amrita Sen, chief oil analyst at Energy Aspects, speaks about production cut compliance from Nigeria and Donald Trump's proposal that the U.S. sells half its strategic petroleum reserve.
An "Arab NATO" alliance hyped ahead of President Trump's Saudi visit probably wouldn't have worked and could have inflamed sectarianism.
The White House is throwing its full support behind Saudi Arabia, but it could exacerbate the war in Yemen.
*Dubai's DFM, DXBE hit by Q2 revenue worries. DUBAI, May 23- Egypt's stock market on Tuesday recovered some of the previous day's heavy losses while Gulf bourses were weaker as investors booked profits ahead of the holy month of Ramadan, when trading volumes and liquidity often decrease. Importers may benefit from lower input costs if the rate hike strengthens the...
Jacques Rousseau, Clearview Energy Partners, talks about the dilemma OPEC ministers face over oil production.
Cailin Birch, analyst at the Economist Intelligence Unit, discusses the economic and political risks created by U.S. President Donald Trump.