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Yemen central bank stops guarantees for rice and sugar imports

Yemen's central bank has told traders and local banks it will no longer provide lines of credit for the import of sugar and rice...

Saudi 2016 budget marks end of era for lavish Gulf subsidies

An austere state budget released by Saudi Arabia this week is likely to mark the end of an era for the Gulf's lavish cradle-to-grave...

Saudi Prince Alwaleed bin Talal raises stakes in Twitter

Saudi tycoon Prince Alwaleed bin Talal bin Abdulaziz al Saud and his Kingdom Holding Company announced Wednesday they have increased their stake in Twitter...

Russia to supply 40 Mi-28 attack helicopters to Algeria

Russia will deliver 40 Mi-28NE attack helicopters to Algeria in line with a bilateral contract, Interfax news agency said on Friday, quoting a source...

Saudi construction company Binladin terminates 50,000 jobs

Construction company Saudi Binladin Group has laid off 50,000 staff, a newspaper reported on Friday, as pressure on the industry rises amid government spending...

More women executives mean more profits, according to study of 91 countries

Companies with 30 percent female executives rake in as much as six percentage points more in profits, according to a study on Monday, feeding...

Salaries in Saudi Arabia forecasted to increase in 2016

A GCC-wide survey of 600 multinational companies and locally-owned conglomerates - the largest study of its kind in the Gulf region - has forecast...

Russia pipeline chief says let's talk to OPEC about output

Russian officials have decided they should talk to Saudi Arabia and other OPEC countries about output cuts to bolster oil prices, the head of...

Saudi government to increase water prices

Saudi Arabia will increase the price of water for non-residential consumers, local media reported, a sign the government is cutting back an expensive system of...

ANALYSIS-Saudi Arabia's new oil policy works in reclaiming market share

Top oil exporter Saudi Arabia is slowly regaining market share following its 2014 decision to no longer support prices, data shows, but has a...

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