Riyadh / Emirates Business The health of the Saudi Arabian non-oil private sector improved at the fastest pace in 2018 so far during June. An upturn in output and new order growth were the key components behind the latest expansion. Furthermore, many panel respondents noted sharper capacity pressures, which led to the fastest build-up in backlogs of work in 11 …

Bloomberg Saudi Arabia and Russia reaffirmed an agreement between OPEC and its allies, which they say will mean increasing oil production by 1 million barrels a day. Energy ministers Khalid Al-Falih and Alexander Novak spoke on the phone, and reiterated the terms of the agreement reached last month in Vienna, according to statements from the Saudi and Russian energy ministries. …

Bloomberg Gulf Arab energy companies retreated from debt markets in the first half of 2018 after a banner year for borrowing as higher oil prices curbed financing needs for existing operations and new projects. Oil and gas producers, pipeline operators and refiners in countries including Kuwait, the United Arab Emirates and Saudi Arabia borrowed $6 billion through loans and bonds …