oil-dependent economy

Headlines

Nigeria Begins Yam Exports To Europe, US

Nigeria on Thursday began to export yams to Europe and the United States, as part of moves to diversify its...

Headlines

New Heir To Saudi Throne Holds Power Beyond His Years

Saudi Arabia's hard-charging Mohammed bin Salman, named crown prince on Wednesday, holds unusual power for a man of...

Headlines

Saudi King Ousts Nephew, Names Son As Crown Prince

Saudi King Salman ousted his nephew as crown prince on Wednesday and installed his son Mohammed bin Salman -- the first...

Headlines

Saudi Deficit Plunges After Cuts, Oil Revenue Surge

Saudi Arabia's budget deficit dropped by 71 percent in the first quarter of the year, the government said Thursday,...

Headlines

Saudi Budget Deficit Drops 71 Pct In Q1

Saudi Arabia's budget deficit fell by 71 percent in the first quarter of this year, the finance minister said on...

Headlines

Top Saudi Royal Rules Out Rapprochement With Iran

A powerful Saudi royal said Tuesday that there could be no rapprochement between his country and Iran, which he said...

Headlines

German Chancellor In Saudi For G20, Cooperation Talks

German Chancellor Angela Merkel met Saudi King Salman on Sunday, state media said, as she began a visit focused on...

Headlines

Saudi Malls To Hire Locals Only

Foreigners will no longer be allowed to work in Saudi Arabia's numerous shopping malls, the labour ministry announced...

Headlines

Britain To Help Reform Saudi Economy

Britain said Wednesday it would help Saudi Arabia to diversify its oil-dependent economy as British Prime Minister...

Headlines

Saudi Cuts Taxes On Oil Firms Ahead of Aramco Sale

Saudi Arabia on Monday cut taxes on oil companies in a major move that could attract investments in its energy giant...

Headlines

Trump Meets Top Saudi Prince As Yemen War Rages

President Donald Trump held his first White House meeting with a Muslim and Middle East leader Tuesday when he lunched...

Headlines

Trump Meets Top Saudi Prince As Yemen War Rages

US President Donald Trump hosted Saudi Arabia's powerful Deputy Crown Prince Mohammed bin Salman at the White House...

Headlines

Powerful Saudi Prince To Meet Trump

Saudi Arabia's powerful Deputy Crown Prince Mohammed bin Salman, seeking foreign investment in an economic reform plan,...

Headlines

Recession-Hit Nigeria Details Economic Recovery Plan

Nigeria's government this week launched a master plan to lift it out of recession, hoping to hit 7.0 percent growth by...

Headlines

Two German Archaeologists Kidnapped In Nigeria Freed

Two German archaeologists who were kidnapped while working at a dig site in northern Nigeria last week have been...

International

Fool Nigeria Once, Shame On You. Fool Nigeria Twice …

Fool Nigeria once, shame on you. Fool Nigeria twice … It’s been a tough year for Nigerian President Muhammadu...

Opinion

Nigerian Banks Suspended From Forex Market, Seek Truce

Lagos (AFP) - Nine Nigerian lenders banned this week from foreign exchange trading for failing to remit some oil money...