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King Salman continues a tradition of new kings taking small change out of the kingdom's treasure chest for the plain folks.
Two US defense contract workers were targeted with gunfire in Saudi Arabia - again - last week.
The 50 percent drop in the price of oil also could make it harder for Iran to find money for its nuclear program.
Tons of oil were left in an Israeli pipeline built by the two countries before 1979.
Afek Oil and Gas has been blocked from drilling for oil on the Golan Heights, at least for now.
Israel is still debating whether to dip into its Middle Eastern treasure chest for the oil shale that lies beneath the holy land.
Egypt is to receive 4.5 BCM (billion cubic meters) each year for 15 years, valued at 1.1 to 1.3 billion dollars a year.
Noble told analysts that drilling will not begin before the end of next year.
Moses made the right turn after all. In his song at the end of the Torah he spoke of ‘precious things of “Givat HaOlam.” The hidden meaning of “precious things” seems to be oil. Not olive oil, but black gold.
Israel may have struck it rich twice – once with indications of oil off the southern coast and twice with the prospect of Hamas and Abbas fighting it out over probable claims to the Israeli discovery.
Egypt foiled a terrorist attack on a ship in the Suez Canal on Saturday and has increased security to protect ships and oil tankers....
Kerry is flying to the Middle East, but who cares about Egypt or Syria? He will meet with Abbas in Jordan; Israel is not on his itinerary. He is cooking up something nasty or really is weird.
Warren Buffett’s Berkshire Hathaway is paying $2.05 billion for the remaining 20 percent of IMC International Metalworking Co, otherwise known as Isracar, completing the...
Israel has awarded the first-ever oil drilling permit in the Golan Heights. On the eve of almost every high-level visit to Israel by US officials,...
"Low-cost natural gas is the elixir, the sweetness, the juice, the Viagra."