Saudi Arabia's Yanbu National Petrochemical (Yansab) reported a 20.1 per cent drop in third-quarter net profit, in line with analysts' estimates, as sales volumes declined.
The firm, a subsidiary of Sau
Top oil exporter Saudi Arabia told the Opec it raised its oil production in September by 100,000 barrels per day, adding to signs it has yet to respond to a drop in prices well below $100 a barrel by trimming output.
In a monthly
Bahrain has registered an 85 per cent drop in the average duration of power cuts this year, the lowest number of blackouts ever in Bahrain's history, said Minister of State for Electricity and Water Affairs Dr Abdulhussain Mirza.
Fishermen in Bahrain have reported a "significant" drop in shrimp stocks in the last month because of illegal fishing.
Fishermen's Protection Society president Jassim Al Jeran said the season so far has been abysmal,
Bahrain has seen a drop in the number of foreign housemaids coming forward with allegations of abuse during Ramadan.
In previous years, extended working hours and allegations of general mistreatment during the
Saudi Arabia produced 9.566 million barrels per day (bpd) of crude oil in March, down from 9.849 million bpd in February, an industry source familiar with the matter said on Tuesday (April 8).
The world's l
Kuwait's Burgan Bank reported a big drop in fourth-quarter net profit on Sunday, according to Reuters calculations, with its full-year earnings also significantly lower than the previous period.
The lender, 58-per cent owned b
Top oil exporter Saudi Arabia produced 9.767 million barrels per day (bpd) of crude in January, down from 9.819 million in December, a Gulf industry source said on Monday.
The kingdom raised its supply to the market, however, to 9
More than 8.5 million children remain excluded from education in the Arab world, many of them girls from poor, rural communities living in regions affected by conflict, said a report.
The report, ‘Arab Youth: Missing Educati