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Doing Business in the Middle East: Top Oil Companies in Middle East For over four decades, Middle Eastern oil producing companies have kept an iron grip on the worldwide oil market. With nearly two-thirds of the world’s oil being produced in the Middle...

Kuwait Times KUWAIT: Striking Kuwaiti oil workers arrive at the oil union’s headquarters in Ahmadi yesterday to protest alleged pay cuts and plans to privatize parts of the oil sector. — Photo by Yasser Al-Zayyat KUWAIT: Thousands of Kuwaiti oil workers...

KUWAIT CITY (AP) – Oil workers in Kuwait went on strike Sunday to protest proposed government cutbacks as the OPEC nation grapples with a prolonged slump in crude prices. Thousands of workers gathered for demonstrations at the start of the local workweek...

LOS ANGELES (CNS) – The average price of a gallon of self-serve regular gasoline in Los Angeles County dropped today for the 12th consecutive day, decreasing seven-tenths of a cent to $2.935. According to the San Jose Mercury-News, Californians are...

The plummeting price of oil has led to job losses, threats of strikes and a rapidly slowing economy. Whatever happens next, 2016 is certainly going to be a tough year for Oman and the rest of the GCC. Team Y reports During a six-hour emergency meeting...