Leading stories of the day
In a world awash with cheap oil, buyers in the world’s biggest consuming region aren’t clamoring for an additional 500,000 barrels a day from Iran. As international sanctions against the country are lifted and…
After a decade of unprecedented economic sanctions, Iran is about to be back in business. The Islamic Republic curbed its ability to…
Oil fell briefly below $30 a barrel on Tuesday, extending a relentless selloff that has wiped almost 20 percent off prices…
|By Arabian Staff| Additional information forthcoming from state-owned Saudi oil giant Aramco suggests that the proposed IPO may be restricted to…
Saudi Arabia is considering its own Big Bang. The world biggest crude exporter is considering selling a stake in its state-owned…
|By Arabian Post Staff| The World Gold Council is exploring the creation of a Shariah Standard on Gold, which will provide…
|By Arabian Post Staff|The 2016 Saudi budget marks a transformation, signaling the end of material overspending, introduces a medium-term fiscal strategy…
Saudi Arabia released a more tightfisted budget for 2016, reflecting scaled-back revenue expectations and lower spending on subsidies because of sinking…
Dubai plans to raise state spending by 12 percent in 2016 as it invests in infrastructure to sustain economic growth, but…
|By Arabian Post Staff| In recognition of Oman’s efforts to broker a deal with Iran on the vexed nuclear issue, the…
Oil speculators are buying options contracts that will only pay out if crude drops to as low as $15 a barrel…
|Arabian Post Special|The UAE Central Bank is solidly backing the UAE banks in dealing with the ‘de-risking’ policies imposed by US…
Almost every Middle Eastern stock index declined after oil, the region’s main source of income, sank to the lowest in seven…
|By Arabian Post Staff| Central banks in the Gulf raised the interest rates within 24 hours of the US Fed announcing…
Crude slid to the lowest level in more than six years in New York as a rising number of oil rigs…
Anglo-Dutch oil company Royal Dutch Shell PLC on Thursday called for tougher regulation of the Dubai crude benchmark, the Middle East’s…
|By Arabian Post Staff| Gold prices were trading higher in afternoon dealings and holding on to early gains in the aftermath of…
At the heart of Korea’s Onsan Refinery lies a street called “A.I. Naimi Road,” an homage to Saudi Arabia’s oil minister.…
|By Arabian Post Staff| The fiscal restructuring across GCC, including the introduction of additional taxation, will have serious implications for real…
As oil crashes through $35 a barrel in New York, some producers are already living with the reality of much lower…
Republican presidential contender Donald Trump said his call to ban Muslims from entering the U.S. sparked a useful discussion about radicalism…
|By K Raveendran| With the new Public-Private Partnership law having come into being last month, Dubai is set to witness a…
No topic has so dominated public discussion over the past week like Donald Trump’s call to indefinitely ban Muslims from entering…
|By Arabian Post Staff| Emirates landed a windfall gain this week as it guaranteed itself bulk of the US-originating passenger traffic…
|By Arabian Post Staff| Dubai-based Landmark Group said it was pulling Donald Trump products off its shelves in response to the…
|By Arabian Post Staff| The Courts of the Dubai International Financial Centre (DIFC) have, once again, ruled in favour of the…
|Arabian Post Special| The relentless plunge in oil price, which analysts are likening to the crash of 1990s, and its serious…