Bloomberg The oil market is in “much more critical” shape than when OPEC last met and its members must seek ways to stabilize crude prices, possibly by freezing or cutting output, Algeria’s energy minister said ahead of talks among the group’s members this week in Algiers. Saudi Arabia, the biggest producer in the Organization of Petroleum Exporting Countries, is ...

  KUWAIT / Reuters Kuwait Projects Co (KIPCO), the Gulf state’s largest investment company, said on Sunday construction had begun on its $2.0-$2.5 billion real estate project in Kuwait, which has been downsized by around half from its original estimated cost. The mixed-use project, which had previously been valued at $5 billion, was scaled down after an earlier estimate did ...

  Bloomberg China’s got the world puzzling over its oil hoard. From underground caverns by the Yellow Sea to a scattering of islands in the Yangtze River delta, the government has been stockpiling crude for emergencies in a network of storage sites dotted around the country. Record purchases this year by the world’s biggest energy consumer have helped oil prices ...

  Bloomberg Stocks in Dubai and Saudi Arabia led a drop in Gulf equities following a slump in the price of oil stoked by fading prospects for an output deal between major producers. The DFM General Index and Tadawul All Share Index both declined 0.6 percent on Sunday, with the Saudi gauge posting its fourth loss in five sessions as ...

  Bloomberg The Federal Reserve may not be the only thing obsessing U.S. investors these days. But going by the rally that followed Janet Yellen’s decision to hold interest rates steady, it’s the biggest thing. Throwing off concerns ranging from falling earnings to the machinations of automated traders, the S&P 500 Index surged 1.2 percent last week, the biggest gain ...

  AP Of all the personal information people tend to give out willy-nilly on the internet, birthdate is perhaps the most ubiquitous. It’s not just Yahoo and Facebook seeking that information. Websites, newsletters, online stores and a plethora of other places want your birthdate — and many services won’t let you sign up until you provide it. And it’s probably ...

  Relaxnews In recent weeks Yahoo has been prompting users to change their passwords and to add a phone number as an extra layer of security and on Thursday the reason for these requests became clear. The tech company announced that a hack could have compromised 500 million users’ details. MAKE THE CHANGE NOW Whether you’re one of the 500 ...

  San Francisco / AFP Vanishing message service Snapchat announced it will launch a line of video-catching sunglasses, a spin on Glass eyewear abandoned by Google more than a year ago. The California-based company, which also announced it is changing its name to Snap Inc., said in an online post that its Spectacles will be “available soon,” with media reports ...

  Emirates Business While smartphone cameras are still unable to compete with high-end DSLRs, the gap is closing. Despite their shortcomings, the flexibility of smartphones leaves them well-equipped to capture content that is off limits to traditional cameras. From 360 Virtual Reality-ready content and action photography to wide-angle shots, the ability of smartphones to interact with companion devices or smart ...

  Bloomberg A neglected waiting area, empty reception and dim lights greet visitors at what used to be the biggest textile factory in the northern industrial area of Pakistan’s economic hub. At its peak Al-Abid Silk Mills Ltd. employed 7,600 employees in Karachi, now only a handful can be seen in the near-abandoned garment workshop. It’s one of hundreds that ...