Production is at 1.5 million bpd, down from 2.8 million in March.

The court objected to the stability clause that would have prevented major regulatory changes for 10 years.

by Michael Lerner The cellphone industry is the first target, with six months to have only Saudi workers.

by Michael Lerner Dubai will spend $8.17bn over the next decade to build the world's largest wholesale hub.

by Michael Lerner Economic activity has slumped in the country, but it's open to FDI from all sides.

by Michael Lerner But difficulties with Turkey and Israel are stumbling blocks to regional economic integration.

It will be one of the first major European specialist cosmetics retailers to directly invest in the country.

The Saudis can negotiate contracts for the ships unless Congress passes legislation to block the deal.

Teva expects the acquisition of Allergan Generics to contribute $2.7 billion in Ebitda in 2016.

Many of the sanctions are likely to stay for months and those lifted can be rapidly restored.