Riyad Bank, Saudi Arabia’s fourth-largest lender by assets, posted a 25.2 percent rise in second-quarter net profit on Tuesday, in line with analysts’ forecasts as fees and commission income rose.
Qatar Airways’ chief executive said the airline was adapting to a regional political dispute that has prevented it flying some routes, and that those restrictions would not necessarily push it into the red for the current financial year.
The International Monetary Fund warned on Monday that escalating and sustained trade conflicts are increasingly likely, threatening to derail economic recovery and depress medium-term growth prospects.
Iran’s top authority Supreme Leader Ayatollah Ali Khamenei has criticized Saudi Arabia over its management of the haj pilgrimage and called for a fresh investigation into a 2015 crush that killed hundreds, Iranian state TV reported.
Iran’s oil minister told his Saudi Arabian counterpart that last month’s OPEC supply pact does not give member countries the right to raise oil production above their targets, according to a letter reported by Iran’s news agency Shana.
This year's Haj would be a "landmark" pilgrimage for Indians as several reforms such as doing away with subsidy and women going without a male guardian are associated with it, Minority Affairs Minister Mukhtar Abbas Naqvi said.
Bank of America Merrill Lynch said on Friday the United States, in the runup to midterm election, is unlikely to take a “hard stance” against Iran, resulting in international benchmark Brent crude to average $70 a barrel in 2018.
The president of OPEC defended the oil producer group on Monday against U.S. President Donald Trump’s recent demands for higher oil output, saying OPEC does not shoulder the blame.
The Supreme Court today refused to interfere with a Delhi High Court order dismissing the bail plea of a suspected Indian Mujahideen (IM) member, who was deported from Saudi Arabia in 2012 in a case relating to the setting up of an alleged illegal arms factory.
Oil prices rose as investors focused on tight market conditions after data late last week showed U.S. crude inventories fell to their lowest in more than three years.