Bloomberg Saudi Arabia has granted its state-owned oil company a 40-year concession to exploit the kingdom’s hydrocarbon reserves as part of Aramco’s preparation for a potential initial public offering, a person familiar with the matter said. The pact replaces norms dating in some cases from 1933, when the kingdom first agreed to let companies drill for oil there, the person ...

Bloomberg Oil held above $68 a barrel on slowing American drilling and investor optimism after a breakthrough in a trade standoff between the US and Mexico. Futures in New York were little changed, following a 1.3 percent gain. Working oil rigs in the US declined by the most since May 2016 last week, according to Baker Hughes data. Crude has ...

Dubai / Emirates Business Bayt.com launched a series of technological features and enhancements set to revolutionize job hunting and the recruitment process for the Middle East and North Africa (Mena) region. The new Artificial Intelligence powered features are designed to match talent with opportunity in a much more powerful and efficient manner. The first of these new features is the ...