LONDON/DUBAI – OPEC has urged its members not to mention oil prices when discussing policy in a break from the past, as the oil producing group seeks to avoid the risk of U.S. legal action for manipulating the market, sources close to OPEC said. Proposed U.S. legislation known as “NOPEC”, which could open the group […]

Turkey is widening its search for clues to the disappearance of Saudi journalist Jamal Khashoggi to include the Saudi consul’s Istanbul residence. The consulate itself, where Mr Khashoggi was last seen on 2 October, was searched by Turkish investigators on Monday for the first time. The consul, Mohammad al-Otaibi has now left Turkey, local media […]

MOSCOW/DUBAI )- Russia and Saudi Arabia struck a private deal in September to raise oil output to cool rising prices and informed the United States before a meeting in Algiers with other producers, four sources familiar with the plan said. U.S. President Donald Trump has blamed the Organization of the Petroleum Exporting Countries (OPEC) for […]

The Saudi British Bank (SABB) has become the first Saudi bank to join enterprise software firm and global banking consortium R3’s blockchain ecosystem, local news outlet Trade Arabia reports today, September 11. SABB enjoys a strong reputation, having reportedly been named by Global Finance magazine as the “Best Trade Finance Bank” in Saudi Arabia for the 10th consecutive year, “Best Supply Chain […]