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Saudi Arabia

Saudis soften oil stance on Iran but OPEC deal still elusive

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ALGIERS OPEC might still agree an oil output-limiting deal later this year as the economic problems of its de-facto leader Saudi Arabia force Riyadh to cede more ground to arch-rival Iran.

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Saudis soften oil stance on Iran but OPEC deal still elusive 1:00pm BST

ALGIERS OPEC might still agree an oil output-limiting deal later this year as the economic problems of its de-facto leader Saudi Arabia force Riyadh to cede more ground to arch-rival Iran.

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OPEC set for no deal as Iran rejects Saudi oil output offer 27 Sep 2016

ALGIERS Iran rejected on Tuesday an offer from Saudi Arabia to limit its oil output in exchange for Riyadh cutting supply, dashing market hopes the two major OPEC producers would find a compromise this week to help ease a global glut of crude.

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OPEC set for no deal as Iran rejects Saudi oil output offer 27 Sep 2016

ALGIERS Iran rejected on Tuesday an offer from Saudi Arabia to limit its oil output in exchange for Riyadh cutting supply, dashing market hopes the two major OPEC producers would find a compromise this week to help ease a global glut of crude.

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Opponents of Saudi 9/11 bill keep up fight ahead of veto override vote 27 Sep 2016

WASHINGTON Opponents of a bill that would allow lawsuits against Saudi Arabia's government over the Sept. 11 attacks kept up their fight against the measure on Tuesday, a day before the U.S. Senate is expected to oppose President Barack Obama's veto, allowing the bill to become law.

UPDATE 7-OPEC set for no deal as Iran rejects Saudi oil output offer 27 Sep 2016

* Oil prices fall over 3 percent, pressure on Riyadh grows (Updates with Saudi, Russian news conference)

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Saudi chops wage, benefit bill in delicate pursuit of austerity 27 Sep 2016

RIYADH/DUBAI A decision to slash ministerial pay by a fifth reflects Saudi Arabia's resolve to nudge its citizens into tolerating a fall in living standards at a time of low oil prices.

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Saudi chops wage, benefit bill in delicate pursuit of austerity 27 Sep 2016

RIYADH/DUBAI A decision to slash ministerial pay by a fifth reflects Saudi Arabia's resolve to nudge its citizens into tolerating a fall in living standards at a time of low oil prices.

MIDEAST STOCKS-Saudi tumbles on government austerity steps 27 Sep 2016

DUBAI, Sept 27 Saudi Arabia's stock index slumped 3.8 percent on Tuesday after the government said it would cut ministers' salaries by 20 percent and scale back financial bonuses and perks for public sector workers under an austerity drive.

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Special Report - From Israel via London, an online gambling scam traps thousands 27 Sep 2016

RAMAT GAN, Israel In early 2013, a young Israeli businessman registered a web domain in London for a company called NRGbinary.com. The online options trading website offered clients the opportunity to make large amounts of money from simple bets on the movement of financial markets, stocks and commodities.

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MH17 was shot down by Russian-made missile fired from rebel-held area - prosecutors

NIEUWEGEIN, Netherlands A Malaysian airliner shot down in eastern Ukraine was hit by a Russian-made Buk missile launched from a village held by rebels fighting Ukrainian government forces, international prosecutors said on Wednesday.