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  • Saudi Arabia reinstated financial allowances for civil servants and military personnel on Saturday after better-than-expected budget figures, ending unpopular cuts to a key perk triggered by low oil prices and cheering the stock market. The Saudi share index gained 1.0 percent on Sunday, buoyed by expectations of a positive …

  • U.S. President Donald Trump will sign several executive orders on energy on Friday, a White House official said on Sunday. Trump in March signed an executive order to undo Obama-era climate change regulations, keeping a campaign promise to support the coal industry and calling into question U.S. support for the 2015 Paris …

  • FILE PHOTO: Saudi King Salman salutes as he attends a graduation ceremony and air show marking the 50th anniversary of the founding of King Faisal Air College in Riyadh

    By Andrew Torchia DUBAI (Reuters) - The decision by Saudi Arabia's King Salman to restore cuts to financial allowances for civil servants and military personnel is being seen as helping the kingdom avoid recession this year while smoothing the path toward economic reforms. Last September, the government sharply reduced …

  • The decision by Saudi Arabia's King Salman to restore cuts to financial allowances for civil servants and military personnel is being seen as helping the kingdom avoid recession this year while smoothing the path toward economic reforms. Last September, the government sharply reduced financial perks for employees in the …

  • Saudi Arabia's King Salman has issued a decree reinstating public sector perks after a drop in oil prices forced the kingdom to curb big-ticket spending and implement sensitive austerity measures. The ...

  • US businesses getting hammered by Venezuela crisis

    General Motors shut operations in Venezuela and laid off workers after the government seized its plant there, which had been idle because of the chaotic market environment

  • Nigeria cracks down on illicit oil refineries

    Nigerian Navy forces on the lookout for illegal oil refineries in the Niger Delta region spot the tell-tale signs of billowing black smoke

  • Saudi Arabia's King Salman bin Abdulaziz Al Saud stands during a reception ceremony for British Prime Minister Theresa May in Riyadh

    Saudi Arabia's King Salman issued a royal decree on Saturday restoring financial allowances for civil servants and military personnel that had been cut under austerity measures. "The royal order returns all allowances, financial benefits, and bonuses to civil servants and military staff," said the decree, broadcast on …

  • Saudi Arabia's King Salman issued a royal decree on Saturday restoring financial allowances for civil servants and military personnel that had been cut under austerity measures. "The royal order returns all allowances, financial benefits, and bonuses to civil servants and military staff," said the decree, broadcast on …

  • Saudi Arabia's King Salman bin Abdulaziz Al Saud stands during a reception ceremony for British Prime Minister Theresa May in Riyadh

    Saudi Arabia's King Salman issued a royal decree on Saturday restoring financial allowances for civil servants and military personnel that had been cut under austerity measures. "The royal order returns all allowances, financial benefits, and bonuses to civil servants and military staff," said the decree, broadcast on …

  • Saudi Arabia's deputy economy minister said on Saturday the kingdom had reduced its deficit in the first quarter of 2017 by more than half in part because of prudent public spending. "The fact that the first quarter deficit was 26 billion riyals ($6.93 billion) when 54 billion riyals was projected at the beginning of the …

  • Saudi Arabia's deputy economy minister said on Saturday the kingdom had reduced its deficit in the first quarter of 2017 by more than half in part because of prudent public spending. "The fact that the first quarter deficit was 26 billion riyals ($6.93 billion) when 54 billion riyals was projected at the beginning of the …

  • Saudi Arabia's King Salman issued a royal decree on Saturday restoring financial allowances for civil servants and military personnel that had been cut under austerity measures. "The royal order returns all allowances, financial benefits, and bonuses to civil servants and military staff," said the decree, broadcast on …

  • BISMARCK, N.D. (AP) — Authorities dropped nearly three dozen cases last month that stemmed from arrests of protesters against the Dakota Access crude oil pipeline, court records show.

  • Correction: Mideast-Entrepreneurs story Associated Press - Sat, Apr 22, 2017 15:32 BST
    Correction: Mideast-Entrepreneurs story

    In a story April 22 about entrepreneurs from the Middle East, in a section about one Saudi woman who stands out, The Associated Press misspelled her name. She is Manar Alomayri, not Manal Dhod. A corrected ...

  • When Gokul Gunasekaran was offered a full scholarship for a graduate programme in electrical engineering at Stanford University, he saw it as the chance of a lifetime. In the meantime, he is in a holding pattern on an H-1B visa, which permits him to live and work in the United States but does not allow him easily to switch …

  • An electric car recently acquired by Guyana Embassy is seen beside a vintage car during a ride for journalists in Havana, Cuba

    By Marc Frank HAVANA (Reuters) - An electric car dealer with a Miami subsidiary is telling Cuba-based diplomats struggling with a gasoline shortage on the Communist-run Caribbean island that they should fret no longer. The United States, which maintains a trade embargo on Cuba, licensed Premier Automotive Export to sell …

  • An electric car dealer with a Miami subsidiary is telling Cuba-based diplomats struggling with a gasoline shortage on the Communist-run Caribbean island that they should fret no longer. The United States, which maintains a trade embargo on Cuba, licensed Premier Automotive Export to sell vehicles to non-state entities …

  • Figures on government spending and debt Associated Press - Fri, Apr 21, 2017 22:57 BST

    Figures on government spending and debt in millions of dollars. The government's fiscal year runs Oct. 1 through Sept. 30.

  • US Treasury rejects Exxon Mobil request to drill in Russia Associated Press - Fri, Apr 21, 2017 22:14 BST
    FILE - This Jan. 30, 2012, file photo, shows the sign for the Exxon Mobil Torrance Refinery in Torrance, Calif. On Friday, April 21, 2017, the Trump administration denied a request from Exxon Mobil to waive U.S. sanctions against Russia and allow it to resume oil drilling around the Black Sea. (AP Photo/Reed Saxon, File)

    WASHINGTON (AP) — The Trump administration has rejected a request from Exxon Mobil to waive U.S. sanctions against Russia to allow the company to resume oil drilling around the Black Sea.

  • U.S. will not give Exxon permission to drill in Russia Reuters - Fri, Apr 21, 2017 21:33 BST

    The unusually direct statement served to clarify that the United States would maintain a tough stance on sanctions against Moscow. "In consultation with President Donald J. Trump, the Treasury Department will not be issuing waivers to U.S. companies, including Exxon, authorizing drilling prohibited by current Russian sanctions," …

  • U.S. will not give Exxon permission to drill in Russia Reuters - Fri, Apr 21, 2017 21:33 BST
    Logos of ExxonMobil are seen in its booth at Gastech, the world's biggest expo for the gas industry, in Chiba

    The unusually direct statement served to clarify that the United States would maintain a tough stance on sanctions against Moscow. "In consultation with President Donald J. Trump, the Treasury Department will not be issuing waivers to U.S. companies, including Exxon, authorizing drilling prohibited by current Russian sanctions," …

  • US Treasury will not waive Russia sanctions for oil companies

    The Treasury Department said it will not issue waivers to US companies to authorize drilling prohibited by current Russian sanctions

  • Grain mostly lower, livestock mixed Associated Press - Fri, Apr 21, 2017 20:42 BST

    Grain futures were mostly lower Friday on the Chicago Board of Trade. Wheat for May was off 1.25 cents at 4.05 a bushel; May corn fell .75 cent at 3.57 a bushel; May oats lost 4.25 cents at $2.1750 a bushel; ...

  • When Gokul Gunasekaran was offered a full scholarship for a graduate programme in electrical engineering at Stanford University, he saw it as the chance of a lifetime. In the meantime, he is in a holding pattern on an H1-B visa, which permits him to live and work in the United States but does not allow him easily to switch …

  • US rig count rises 10 this week to 857; Texas up 6 Associated Press - Fri, Apr 21, 2017 19:12 BST

    The number of rigs exploring for oil and natural gas in the U.S. rose by 10 this week to 857. A year ago, 431 rigs were active. Houston oilfield services company Baker Hughes Inc. said Friday that 688 ...

  • A sign marks a General Electric facility in Medford

    General Electric Co reported quarterly sales and adjusted earnings results that beat analysts estimates on Friday, but its shares fell on concerns about some of its industrial businesses and its cash outflow. The maker of jet engines, power plants and other industrial equipment also reported a negative $1.6 billion in …

  • FILE PHOTO: A worker walks past a pump jack on an oil field owned by the Bashneft company near Nikolo-Berezovka

    An OPEC and non-OPEC technical committee recommended that producers extend a global deal to cut oil supplies for another six months from June, a source familiar with the matter said, in an effort to clear a glut of crude that has weighed on prices. The Organization of the Petroleum Exporting Countries (OPEC), Russia and …

  • An OPEC and non-OPEC technical committee recommended that producers extend a global deal to cut oil supplies for another six months from June, a source familiar with the matter said, in an effort to clear a glut of crude that has weighed on prices. The Organization of the Petroleum Exporting Countries (OPEC), Russia and …

  • European vegoils-Palm oil rises, rapeoil little changed Reuters - Fri, Apr 21, 2017 17:55 BST

    LONDON, April 21 (Reuters) - Palm oil prices on the European vegetable oils market rose on Friday while rapeseed oil offers were little changed in quiet conditions. The rise in palm oil mirrored a similar ...

  • Gas burns off at the al-Shuaiba oil refinery in southwest Basra

    An OPEC and non-OPEC technical committee recommended that producers extend a global deal to cut oil supplies for another six months from June, a source familiar with the matter said, in an effort to clear a glut of crude that has weighed on prices. The Organization of the Petroleum Exporting Countries (OPEC), Russia and …

  • Chamberlain chosen as LME chief with mandate to reform Reuters - Fri, Apr 21, 2017 17:46 BST

    By Peter Hobson LONDON (Reuters) - Matt Chamberlain was named London Metal Exchange (LME) chief executive on Friday, with a mandate from its owner the Hong Kong bourse to reform the world's largest and oldest metals market. Chamberlain, 35, had been acting CEO since January, when a combination of falling trading volumes …

  • Chamberlain chosen as LME chief with mandate to reform Reuters - Fri, Apr 21, 2017 17:46 BST

    Matt Chamberlain was named London Metal Exchange (LME) chief executive on Friday, with a mandate from its owner the Hong Kong bourse to reform the world's largest and oldest metals market. Chamberlain, 35, had been acting CEO since January, when a combination of falling trading volumes and a perceived lack of strategy …

  • MOSCOW (Reuters) - Syrian government has started signing deals with Russian companies in oil and natural gas sector, RIA news agency quoted Syrian President Bashar al-Assad as saying on Friday. No other ...

  • Gold lacklustre, investors wary ahead of French vote Reuters - Fri, Apr 21, 2017 16:36 BST
    An employee shows gold bangles to a customer at jewellery showroom on the occasion of Dhanteras, a Hindu festival associated with Lakshmi, the goddess of wealth, at a market in Mumbai

    Gold prices were steady on Friday with investors awaiting the first-round of voting in the French election at the weekend and possible announcements about tax changes in the United States. Spot gold was down 0.1 percent at $1,280.51 per ounce at 1430 GMT, on track for its first weekly drop in six. U.S. gold futures also …

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