Saudi Arabia, New Zealand hold trade talks
The Saudi-New Zealand Joint Committee recently concluded meetings in Auckland discussing efforts to enhance trade relations, said a report. Saudi Minister of Environment, Water and Agriculture Abdulrahman Al Fadhly and the Ministe
Emirates chief denies Etihad merger claims
Speculations about a possible merger between Emirates and Etihad have been dismissed by the chairman and CEO of the Dubai-based airline, Shaikh Ahmad Bin Saeed Al Maktoum, said a report. "I don't think the government i
Commit to implement demands, Quartet tells Qatar
Qatar must commit to implement the 13 anti-terror demands made by the four Arab states that have imposed sanctions on the country before talks can begin, the quartet said yesterday. Saudi Arabia, the UAE, Bahrain and Egypt express
UAE joins GCC-EU trade talks
The UAE participated in the first trade and investment dialogue between the GCC and the European Union (EU), which concluded yesterday (May 17) at the headquarters of the council's general secretariat in Riyadh, Saudi Arabia.
Bahrain holds talks with Oman, Egypt, and Jordan during ITB
Zayed bin Rashid Al Zayani, Bahrain's minister of Industry, Commerce, and Tourism, held talks with his Omani counterpart Ahmed bin Nasser Al Mehrzi during ITB held in Berlin, discussing further development of tourism ties between both countr
Oil prices slip as focus shifts to details of Opec deal
Oil prices slipped on Thursday as investors questioned whether an Opec agreement to curb oil production - the group's first such deal since 2008 - would be enough to rebalance a heavily over-supplied world market. The Organiza
Opec urgent meeting likely if consensus reached in Algiers
Opec members may call an extraordinary meeting to discuss oil prices if they reach consensus during an informal gathering in Algiers this month, Opec Secretary-General Mohammed Barkindo said during a visit to Algeria, the country's state new
Saudi Oger faces multi-billion-dollar debt restructuring
The Saudi Arabian government has ended talks aimed at saving construction giant Saudi Oger, which is now facing the prospect of a multi-billion-dollar debt restructuring to stave off collapse, according to sources aware of the matter.
Oil pares gains after Saudi, Russia sign pact
Crude oil futures pared gains on Monday after top producers Russia and Saudi Arabia said they have agreed to cooperate on stabilising the oil market, including limiting output. Brent crude futures for November delivery were up $1.