In another divide between Riyadh and Washington, Saudi officials have continued squeezing the Lebanese economy.
Riyadh withdraws military aid for Lebanon, citing interference with the Iranian-backed Hezbollah group.
Zanjani admitted to using a web of companies to sell millions of barrels of Iranian oil on behalf of the government since 2010.
The ratings agency placed more than 10 oil producing nations on review for a downgrade late Friday.
ISIS has routed money from Iraq into Jordan earning as much as $25 million a month from financial markets.
The six-member bloc cited hostile acts conducted by Hezbollah and stated that the group tried to recruit residents from its countries for terror attacks.
As options for growth diminish in the aviation sector, some carriers — especially from the Persian Gulf — are trying to fly ever-longer flights.
The process of selling U.S. weapons to overseas customers is slow and is pushing allies to deal with Russia.
Persian Gulf states were the most significant markets for U.S. weapons sales between 2011 and 2015, a recent report found.
The U.S. remains the world’s biggest exporter of major weapons systems as Russia tries to catch up.
But Iran's Oil Minister Bijan Zanganeh stopped short of offering to restrain the nation's oil output as part of a global pact to freeze production.
The French energy giant Total will soon receive its first delivery of 2 million barrels of oil as a result of the lifting of sanctions on Iran.
Comments hinting at production cuts by major international oil suppliers sent the price of crude soaring Friday.
With Saudi and U.S.-backed rebels losing ground in northern Syria, the Saudi kingdom has some difficult decisions to make.
The island nation’s ambassador to Britain also said the Gulf Cooperation Council will set up a joint naval operations centre in Bahrain.
Swiss authorities investigating the 1Malaysia Development Berhad scandal disclosed that over $4 billion had been misappropriated from Malaysian government-owned companies.
Six American officials say the U.S. government could not confirm that any Americans were among the 33 suspects detained in Saudi Arabia recently.
The Americans were among 33 suspects detained on terrorism charges in Saudi Arabia over the past week, according to a local report Sunday.
India should expect to pay between $94 million and $108 million for each unit, meaning the deal for just the aircraft could be around $4 billion.
At the World Economic Forum in Davos, Switzerland, a UAE official indicated the country wants to stop helping pay for energy.
During a debate at the World Economic Forum, leaders from Kuwait, Bahrain, Egypt and the UAE agreed on one thing — the need to reduce their dependence on oil.
Participants at the World Economic Forum in Switzerland painted a bleak picture of the current state of the global economy on Thursday.