Saudi Arabia's King Salman bin Abdulaziz Al Saud has issued a directive allocating SR100 billion ($26.66 billion) from the kingdom's reserves to the Public Investments Fund (PIF), in a move to diversify the investment portfolio and
The world's oil reserves were unchanged in 2015 despite a sharp drop in investment and exploration after the collapse in crude prices, BP said in its benchmark industry report.
Proven oil and gas reserves t
A meeting of shareholders in Dubai-listed construction firm Arabtec Holding approved on Wednesday a plan to use Dh1 billion ($272 million) of the company's statutory reserves to wipe out some of its accumulated losses.
China's foreign exchange reserves posted their biggest monthly fall on record in August, reflecting Beijing's attempts to halt a slide in the yuan and stabilise financial markets following its surprise move to devalue the currency last m
The net foreign reserves at Saudi Arabia's central bank fell to SR2.492 trillion ($664.5 billion) in June, down 1.2 per cent from May to their lowest level since March 2013, central bank data showed on Thursday.
Big oil companies had a poor record of finding and producing oil and gas last year, according to figures out in the past week - and big cuts in spending in response to falling crude prices could undermine their plans to turn that around.
The Basel global banking supervisory body has proposed introducing a standardised model to calculate a minimum level of capital banks would need to keep in reserve.
The so-called capital floor 'will be based on revised standar
State oil giant Saudi Aramco expects to have 900 billion barrels of oil resources by 2025, up from the current 790 billion barrels, a company executive said on Tuesday.
Current recoverable crude oil and condensate reserves stand a
US exploration and production companies are finding accumulations of crude and condensates twice as fast as they are producing them, according to statistics published this week.
Proved reserves of crude stood at 30.5 billion barre