Middle East luxury sales fading as oil falls and tourism slows
Luxury sales are fading in the Middle East with the economic slowdown brought on by the oil price slump.
Wed May 18 2016
Moody's: Global banks' credit risks to low oil prices rising
The deepening oil price slump will intensify pressure on banks globally, with those in major net oil exporting countries most exposed to credit risks in the near term.
Thu Feb 25 2016
Shell reports profits plunge on oil price slump
Royal Dutch Shell on Thursday announced an 87-percent plunge in annual net profits on slumping oil prices, resulting in a reduction of some 10,000 of its staff.
Thu Feb 04 2016
Royal Dutch Shell to cut 6,500 jobs on oil price slump
Royal Dutch Shell on Thursday said it plans to reduce its headcount by 6,500 this year owing to sliding oil prices and as it looks to complete a mega takeover.
Thu Jul 30 2015
Oil price slump could cripple clean energy push - Experts
Falling oil prices could have a negative impact on global efforts to develop renewable energy sources, experts warned.
Sat Jan 17 2015
Managed float system gives flexibility to consumers to enjoy cheaper fuel
Analysts believe there is a strong possibility for the price of RON95 to be lower than its current subsidised retail price.
Fri Nov 21 2014