Business - Region

Uber's Middle East rival Careem looks to raise up to $200 million in China: Source

Careem, Uber's main Middle East rival, is looking at raising between $100 million and $200 million from Chinese investors, ...

Musk says Saudi fund supports Tesla buyout, talks continue

Tesla Chief Executive Elon Musk said on Monday he was still in talks with potential backers of a possible buyout of the ...

Saudi inflation jumps in January on price hikes

Inflation rates in Saudi Arabia soared in January after the government introduced a string of price hikes to boost non-oil ...

SoftBank to work with Saudi Arabia on new city

SoftBank Group Corp will work with Saudi Arabia on the development of "Neom", a new business and industrial ...

Saudi budget deficit halves after reforms, oil rebound

Saudi Arabia's budget deficit halved in the first six months of this year, the finance ministry said Sunday, following ...

Saudi Arabia says oil inventory drawdown to accelerate in coming 3-4 months

A drawdown in crude oil inventories will accelerate in the next three to four months, Saudi Arabian Energy Minister Khalid ...

Qatari banks fall after UAE red flag, Dubai's Emaar climbs

Shares in Qatari banks fell in early trade on Sunday after the central bank of the United Arab Emirates ordered UAE banks ...

OPEC's Barkindo: OPEC/non-OPEC cooperation to outlive output deal

The current cooperation between OPEC and non-OPEC nations will outlive the present oil output cut deal, OPEC Secretary-General ...