Ahmed Dabbous nominated as IL&FS Engineering directorHindu Business LineIL&FS Engineering and Construction Company Ltd has informed the BSE that Saudi Binladin Group has nominated Ahmed Dabbous as a director of the company. The appointment of Dabbo …

Washington PostWith oil prices stubbornly low, Saudi Arabia's future looks fraughtWashington PostBEIRUT — Persistently low oil prices appear to be taking a heavy toll on Saudi Arabia, spurring rare labor unrest as the kingdom's rulers pursue radica …

Irish TimesTullow Oil slumps on Goldman Sachs, Macquarie downgradesIrish TimesShares in the London-based oil exploration company, headed by Aidan Heavey, fell 8.8 per cent in midafternoon trade to €3.27. In a note to clients on the oil exploration and prod …

Barron'sUS producers Ultra and Midstates fall victim to low oil priceFinancial TimesThe defaults are the latest failures to strike an industry struggling with an oil price that has declined more than 60 per cent from a 2014 peak. Analysts with credit ratin …

MarketWatchOil prices fall under $45 after April's hefty gainsMarketWatchData that reportedly show a significant weekly rise in stockpiles at the Cushing, Okla. storage hub, rising output from major oil producers, and some downbeat U.S. economic figure …

CNNMoneyOil fallout: Laid off Saudi workers torch busesCNNMoneyHere's a rare sight in Saudi Arabia: Protesters who lost their jobs due to the oil crash setting buses on fire. The Saudi Binladin Group, a massive construction company founded by the fathe …

Wall Street JournalSaudi Binladin Group to Lay Off 50000 as Low Oil Prices BiteWall Street JournalDUBAI—Saudi Binladin Group will lay off 50,000 people, according to a person briefed on the plans, as the construction giant attempts to turn around a busines …

Wall Street Journal (subscription)Oil's Decline Takes Toll on Saudi ConglomerateWall Street Journal (subscription)A construction conglomerate at the center of Saudi Arabia's petrodollar-fueled economic boom is teetering under billions of dollars of …