Economics and Politics Oil prices at around $100 a barrel are reasonable for both consumers and producers, Saudi Arabia’s Oil Minister Ali Al Naimi said on Monday, again highlighting the top crude exporter’s preferred oil price. More from Khaleej Times Driven by a big surge in exports, Dubai’s non-oil foreign trade jumped 13 per cent in 2012 to Dh1.235 trillion ($336 billion) figures released by Dubai Customs show. More from Khaleej Times Dubai’s trade with Iran plunged by a third in 2012, the Dubai customs authority said on Monday, an indication of how much US financial sanctions are hurting Iranian business with the rest of the world. More from Reuters Companies and Business Saudi Telecom Co (STC) has appointed the company’s chairman as acting chief executive, two sources familiar with the matter said on Monday, in the latest management upheaval at the Gulf’s No.2 operator. More from
