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Though Dubai depends less on oil income, fluctuations in crude oil prices have affected all sectors of its economy. The slowdown took its toll on the small and unorganised sectors in the form of unpaid outstanding dues for companies, unpaid wages for workers and large scale job losses.

Saudi minister says oil market headed for 'balance'

Saudi Energy Minister Khalid al-Falih said he did not "think we need to" when asked if kingdom was prepared to make...

8 April 2019 3:38 PM IST

Members of the Organisation of the Petroleum Exporting Countries (OPEC) are seeking a close balance between supply and demand, Khalid al-Falih said.

Saudi's Falih says oil stocks still building, but OPEC to act if...

OPEC, Russia and other non-OPEC producers have agreed to reduce output by 1.2 bpd from Jan 1 for six months.

18 May 2019 1:46 PM IST

Tuesdays drone strikes hit two pumping stations on the kingdoms east-west pipeline. (Photo:AP)

Major Saudi oil pipeline attacked' by drones

Drone attacks claimed by Iran-aligned Yemeni rebels shut down one of the kingdom's main oil pipelines on Tuesday.

15 May 2019 2:45 PM IST

Following a global outrage, the Saudi government on Friday in a statement acknowledged that Khashoggi was killed in a fistfight inside the consulate and noted that an interrogation went wrong. (Photo: File)

UN 'paralysis' delaying justice for Khashoggi's brutal murder: Expert

'I want to know who gave the order to kill Jamal, and who else knew. I want to know where is his body,' Khashoggi's...

27 Jun 2019 12:40 PM IST

The continuation of the Iranian regimes aggression and reckless escalation, whether directly or through its militias, will result in grave consequences, deputy defence minister Prince Khaled bin Salman tweeted. (Photo: AP)

Yemeni rebel attack on Saudi airport kills one, wounds 21: Saudi...

Latest raids come amid regional tensions after Washington accused Iran of shooting down US drone and attacks on oil...

24 Jun 2019 1:36 PM IST

Buckling up in a pearl-silver Lexus, Sabeeha al-Fakher takes the wheel and relegates her son to the passenger seat, a role reversal the 68-year-old Saudi widow never imagined would be possible in her lifetime. (Photo: AFP)

Behind the wheel, a year on: Saudi women savour new freedom

The reform has freed many Saudi women from their dependence on private chauffeurs and male relatives.

23 Jun 2019 3:56 PM IST

Petroleum minister Dharmendra Pradhan has said the government is open to Saudi oil giant Aramcos interest to own majority stake in the proposed Rs 3-trillion refinery at Ratnagiri.

India raises concerns over rising oil prices with Saudi Arabia

Global oil prices rose sharply on fears of a US military attack on Iran that would disrupt flows from the Middle East

22 Jun 2019 1:39 PM IST

Turkish President Recep Tayyip Erdogan. (Photo: ANI)

Khashoggi's killers will pay the price, says Turkish President

The special rapporteur, however, does not make any conclusions over the role of the Saudi Crown Prince and King in the...

20 Jun 2019 8:56 AM IST

The Shiite-majority Eastern Province, where Qureiris is from, became a focal point of unrest in early 2011 with demonstrations calling for an end to discrimination and for reforms in the conservative monarchy.(Photo: Amensty UK/Twitter )

13-year-old boy arrested for political unrest won't be executed: Saudi...

The official said another attack in which Qureiris participated had targeted a German diplomatic vehicle in Qatif region...

17 Jun 2019 12:29 PM IST

The latest incident comes after the US alleged that Iran used mines to attack four oil tankers off the nearby Emirati port of Fujairah last month. (Representational Image)

Saudi seeks oil supply protection as US and Iran face off

Thursday's tanker attacks in the Gulf of Oman exacerbated the antagonistic fallout from similar blasts in May that...

17 Jun 2019 8:19 AM IST

The continuation of the Iranian regimes aggression and reckless escalation, whether directly or through its militias, will result in grave consequences, deputy defence minister Prince Khaled bin Salman tweeted. (Photo: AP)

Saudi warns Iran over Yemeni rebel airport attack

Yemen's Huthi rebels hit civilian airport in the mountain resort of Abha, damaging arrivals hall and forcing its closure...

13 Jun 2019 1:50 PM IST

Minister of State (independent charge) for Minority Affairs Mukhtar Abbas Naqvi. (Photo:AP)

Record 2 lakh Haj pilgrims from India this year: Naqvi

Total of 725 PTOs will take Haj pilgrims to Saudi Arabia. All PTOs will take 10,000 pilgrims on the rates decided by Haj...

9 Jun 2019 5:39 PM IST