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Saudi Arabia

Saudis

Saudi Arabia is losing oil market share to Iraq and Iran

27/04/2017(0)
Saudi Arabia, the world’s biggest crude exporter, is losing market share to Iraq and Iran as a result of OPEC’s agreement to curb supplies to bolster prices, according to ... Read More
Gulf states

Gulf states are spending billions to attract tourists

24/04/2017(0)
Gulf states are spending billions of dollars creating ambitious strategies to attract visitors as tourism becomes a stronger plank of their economies. This week’s Arabian Travel Market in Dubai ... Read More
Saudi Arabia wants to boost crude oil prices and get rid of a supply glut

Oil rises on potential Saudi Arabian output cut extension

12/04/2017(0)
Oil prices rose on Wednesday, putting crude futures on track for their longest streak of gains since August 2016, as Saudi Arabia was reported to be lobbying OPEC and ... Read More
saudi arabia

Latest Saudi Arabia Tax and VAT updates; No VAT and Tax to pay

10/04/2017(0)
No income tax for Saudi citizens, says finance minister Kingdom will keep VAT at 5% until 2020, and impose 50% tax on soft drinks, 100% on tobacco products from ... Read More
A man uses his mobile device next to a model of the Expo 2020 project in Dubai, United Arab Emirates, April 3, 2017. REUTERS/Stringer - RTX33UGT

What economists expect to benefit the UAE economy this year

06/04/2017(0)
Robust global trade growth to benefit UAE economy in 2017 Recovery in global trade flows combined with improving demand conditions in the GCC markets, especially Saudi Arabia, is expected ... Read More
A pump jack used to help lift crude oil from a well in South Texas’ Eagle Ford Shale formation stands idle in Dewitt County Texas

Oil rises on Libyan supply disruptions, likely OPEC output cut extension

29/03/2017(0)
Oil prices on Wednesday extended gains from the previous session, lifted by supply disruptions in Libya and expectations that an OPEC-led output reduction will be extended into the second ... Read More
Crude oil storage tanks are seen from above at the Cushing oil hub in Cushing

Oil edges up as Saudis cut supplies to U.S., but global glut remains

24/03/2017(0)
Oil prices edged up on Friday, supported by a fall in Saudi exports to the United States, but overall markets remained under pressure on the back of a world ... Read More
Dubai International Fiancial Centre

Which Gulf country’s banking sector is the top in assets volumes

09/03/2017(0)
The UAE’s banking sector came first on the list of the banking sectors in terms of asset volume in the GCC region, with a total value of about US$711 ... Read More
A worker checks the valves at Al-Sheiba oil refinery in Basra

Oil prices claw back some ground after plunging to year lows

09/03/2017(0)
Oil prices attempted a slight rebound Thursday on the heels of plunging to their lowest levels in a year after weekly data which showed a higher-than-expected build-up in U.S. ... Read More
Saudi Arabia wants to boost crude oil prices and get rid of a supply glut

Saudi Arabia wants oil prices to rise to $60 in 2017

01/03/2017(0)
Saudi Arabia wants crude oil prices to rise to around $60 a barrel this year, five sources from OPEC countries and the oil industry said. This is the level ... Read More
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