Saudi Arabia Wednesday reported a first quarter budget deficit of 34.107 billion Saudi riyals ($9.09 billion), as oil revenue was hit hard by a combination of sliding global prices, demand and a supply glut in the wake of the coronavirus crisis. That reversed a first quarter surplus of...

Saudi Arabia's cabinet has urged Yemen's main separatist group, which has declared self-rule in the south, to abide by an agreement to end a previous standoff with the Saudi-backed government. The declaration by the separatist Southern Transitional Council (STC) Sunday, which included...

The world's biggest smartphone maker, Samsung Electronics, reported a three-percent drop in first-quarter net profits on Wednesday, as the coronavirus pandemic dampened consumer demand. Net profits in the January-to-March period were 4.88 trillion won ($4 billion), down 3.1 percent from a...

The United States reported its millionth coronavirus case as hard-hit European countries took tentative steps towards lifting lockdowns, with masks mandatory in all German shops from Wednesday. Excitement over a move towards normality in many places was tempered by fear of new outbreaks and...