Dubai: Countries in the Gulf region may be affected differently if oil prices drop, according to a new report by Fitch Ratings. Oil revenue is a major part of government budgets in the Gulf ...

Oil prices may have no relief from further downside in the second half of 2025 with increased supply from the OPEC+ flooding ...

Saudi Arabia’s influence in the region and with Mr Trump means that MBS could yet do more. His country has already hosted ...

Saudi Arabia has held off formally joining the BRICS bloc of nations despite attending a meeting in Brazil last week, two ...

Until recently OPEC + was showing restraint. Strict quotas, cutting the group’s production by nearly 6m b/d, were introduced ...

Saudi Arabia has dealt a fresh blow to Russia’s already struggling economy as OPEC+ announced a new increase in oil production.

EBITDA of SAR 1.20 billion (+14% YoY) and net profit of SAR 533 million (+18% YoY), reflecting resilience across its core ...

Basic Chemical Industries Co. (BCI) signed, on May 7, a memorandum of understanding (MoU) with South African AECI Ltd. to establish a joint venture (J ...

The oil market appears to be telling Saudi Arabia that its shift to pumping more oil after five years of cutting output was ...

Saudi Arabia's trade surplus reached USD 12 billion in February 2025, driven by strong oil exports and growing non-oil ...

This widening deficit has sparked renewed conversations about Saudi Arabia's economic prospects, as oil revenues remain ...

Announced on Wednesday, the fund that is estimated to be worth $925 billion and the primary investor in LIV Golf on the men’s ...