For more than 100 years, the Middle East has been defined by oil exploration, production and its boundaries. Now the region is getting repurposed by its aspiration to grow beyond fossil fuel. The shake-up in Saudi Arabia is also much about becoming a 21st-century economy. None of the region’s petrostates has moved further from its oilfield roots than Dubai, which ...

Was there ever really an Asian contender apart from Hong Kong to host Saudi Arabian Oil Co.’s IPO? Unlikely. The challenge for the world’s largest oil company, if it lists in the territory, will be keeping investors interested once trading starts. Saudi Arabia has shortlisted the city, along with London and New York, for the international portion of a potential ...

Wal-Mart has just announced higher wages and one-time bonuses for most of its workers — linking the news to the corporate tax cuts signed last month by President Donald Trump. It joins a growing list of companies saying “Thank you” to the president by raising their employees’ pay. The White House is crowing (its celebration only slightly dimmed by Wal-Mart’s ...