Reuters Saudi Arabia’s government is discussing a proposal to take over construction conglomerate Saudi Oger, owned by the family of former Lebanese Prime Minister Saad al-Hariri, a Lebanese newspaper reported on Wednesday. Oger has been hit hard by a slowdown in the Saudi construction sector due to low oil prices and state spending cuts, and wage payments to thousands ...

  Reuters Libya’s National Oil Corporation, which hopes to more than quadruple the country’s oil output by the end of this year, remains wary that promises to reopen blockaded ports could be broken, the NOC chief in Tripoli told Reuters. Libya’s U.N.-backed government has signed a deal with an armed brigade controlling the major Ras Lanuf and Es Sider oil ...

  Bloomberg The long-feared Chinese hard landing has become a reality in rustbelt Liaoning. The northeastern province, ground zero in China’s multi- year slowdown, saw its economy contract 1 percent in the first half of 2016 as factories splutter and the coal industry groans under the weight of overcapacity. But the hardship remains localized, with regional data for the first ...