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Saudi Arabia

Israel Palestine Conflict: Saudi Prince Condemns Israel and Hamas For Attacking Civilians

Israel Palestine Conflict: Saudi Prince Condemns Israel and Hamas For Attacking Civilians

Tue, Oct 24, 2023

Saudi Prince Turki al-Faisal's powerful speech condemns both Israel and Hamas for attacks on civilians and calls for civil insurrection. The Israel-Hamas War continues to escale after the Hamas' surprise attack on Israel. The situation in Gaza has been deteriorating with each passing day as there is no sign of a ceasefire. As per Gaza Health Ministry, 5,087 Palestinians killed in Israeli strikes since October 07.

Power Breakfast: 10 big things on 'Maha-Corridor' G20 | India-Middle East Europe Economic Corridor

Power Breakfast: 10 big things on 'Maha-Corridor' G20 | India-Middle East Europe Economic Corridor

Tue, Sep 12, 2023

G20 concluded successfully. Along with this, a historic deal was also made in G20. The biggest deal of the India Middle East Economic Corridor has been signed in which 5 more countries including India, UAE, Saudi Arabia and America are involved.

Oil prices: Saudi to hike crude supply to record levels as rate war rages (Ld)

Oil prices: Saudi to hike crude supply to record levels as rate war rages (Ld)

Wed, Mar 11, 2020

The increase in supply and the coronavirus scare caused a 25 per cent decline in the price of crude on Monday, the sharpest decline seen since the 1991 Gulf War. International benchmark Brent crude traded up over 7 per cent on Tuesday at nearly $37 a barrel.

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Standard Chartered closes $1.6 billion-plus of shipping finance deals

Standard Chartered closes $1.6 billion-plus of shipping finance deals

Tue, Jan 17, 2017

Standard Chartered said on Tuesday it had completed three shipping deals worth more than $1.6 billion in recent months. The deals include in December a $684.5 million up to 12-year facility for BW Gas JuJu LNG, a joint venture between BW Group and Japan`s Marubeni.

Saudi embrace of ride-hailing apps drives economic, social change

Saudi embrace of ride-hailing apps drives economic, social change

Sun, Jan 08, 2017

Saudi Arabia hopes its plan to bring a further 1.3 million women into the workforce by 2030 will be given a lift from ride-hailing apps Uber and Dubai-based rival Careem.

OPEC oil output falls from record high ahead of planned cuts: Reuters survey

OPEC oil output falls from record high ahead of planned cuts: Reuters survey

Thu, Jan 05, 2017

OPEC`s oil output in December fell from a record high ahead of a deal to cut production, a Reuters survey found on Thursday, helped by attacks on Nigeria`s oil industry and top exporter Saudi Arabia trimming exports.

Oil prices edge up on expectations of tightening supplies

Oil prices edge up on expectations of tightening supplies

Wed, Jan 04, 2017

International Brent crude futures were up 32 cents, or 0.6%, at $55.79 a barrel.

Saudi Arabia to sell 49% of Aramco within decade: Report

Saudi Arabia to sell 49% of Aramco within decade: Report

Sun, Dec 25, 2016

Saudi Arabia plans to sell up to 49% of its oil giant Saudi Aramco within 10 years as the world`s largest crude exporter tries to lower its deficit, local media said on Saturday.

E-commerce companies delivery time in Indian cities slower than in Saudi Arabia

E-commerce companies delivery time in Indian cities slower than in Saudi Arabia

Mon, Dec 19, 2016

While it takes around 4 days for delivery in Saudi Arabian cities, it takes much more time for e-tailers to deliver in Indian cities.

OPEC, non-OPEC agree first global oil pact since 2001

OPEC, non-OPEC agree first global oil pact since 2001

Sun, Dec 11, 2016

OPEC and non-OPEC producers on Saturday reached their first deal since 2001 to curtail oil output jointly and ease a global glut after more than two years of low prices that overstretched many budgets and spurred unrest in some countries.

Saudis order oil cuts to US, Europe before non-OPEC talks

Saudis order oil cuts to US, Europe before non-OPEC talks

Sat, Dec 10, 2016

Saudi Arabia has told its US and European customers it will reduce oil deliveries from January, as Russia said it was confident non-OPEC producers would fully join OPEC`s output limits on Saturday in the first such move since 2001.

OPEC to push for non-member oil cuts

OPEC to push for non-member oil cuts

Sat, Dec 10, 2016

OPEC will seek on Saturday to persuade other oil producers to lower production as part of a newly struck global pact to stem a crude glut and lift painfully low prices.

Petrol, diesel price may surge by 8% in India post Opec's decision

Petrol, diesel price may surge by 8% in India post Opec's decision

Tue, Dec 06, 2016

With the rise in crude oil prices, the profitability of public sector refiners may improve in the third quarter.

OPEC debates oil cuts amid deep disagreement

OPEC debates oil cuts amid deep disagreement

Wed, Nov 30, 2016

OPEC began on Wednesday debating a deal to curtail oil production in an effort to prop up the price of crude, with Iran and Iraq resisting pressure from Saudi Arabia to participate fully in any action.

India's crude oil imports from Iran rise 336% in October

India's crude oil imports from Iran rise 336% in October

Wed, Nov 30, 2016

India's imports of crude oil from Iran have risen 336% in October this year as the producer continued to recoup market share lost under sanctions, Reuters reported on Wednesday citing a data released by the International Energy Agency (IEA).

Putin, Iran's Rouhani back OPEC bid to stabilise oil prices

Putin, Iran's Rouhani back OPEC bid to stabilise oil prices

Tue, Nov 29, 2016

Russian President Vladimir Putin and his Iranian counterpart Hassan Rouhani on Monday expressed support for OPEC`s plans to limit the cartel`s output ahead of a crucial meeting this week.

Dollar, US bond yields drop as oil tumbles on output cut doubts

Dollar, US bond yields drop as oil tumbles on output cut doubts

Mon, Nov 28, 2016

The dollar and US bond yields fell on Monday as investors reversed a "Trumpflation" trade that has gripped markets since the US elections, after oil prices slid on fears that producer countries meeting this week could fail to agree an output cut.

Saudi oil minister says OPEC production cut 'imperative'

Saudi oil minister says OPEC production cut 'imperative'

Sun, Nov 13, 2016

"In this period marked by unstable oil prices it is imperative to reach a consensus between OPEC nations and to agree on an effective mechanism and precise figures to activate the historic Algiers accord," Faleh was quoted as saying by Algeria`s APS news agency.

Kuwait launches foreign bond sale to finance deficit

Kuwait launches foreign bond sale to finance deficit

Sun, Nov 06, 2016

Oil income contributed around 95 percent of public revenues in those years. During the past two years, oil has lost around 60 percent of its value.

Saudi Arabia, SoftBank aim to be world's No 1 tech investor with $100 billion fund

Saudi Arabia, SoftBank aim to be world's No 1 tech investor with $100 billion fund

Sat, Oct 15, 2016

Saudi Arabia and Japan's SoftBank Group will create a technology investment fund that could grow as large as $100 billion, making it one of the world's largest private equity investors and a potential kingpin in the industry.

Rough times for Saudi retail as govt cuts bite

Rough times for Saudi retail as govt cuts bite

Wed, Oct 05, 2016

Diamonds glitter in the display cases of Saddam al-Yafae's shop, but the business has lost its sparkle.

Goldman says OPEC deal to add as much as $10 to H1 2017 oil prices

Goldman says OPEC deal to add as much as $10 to H1 2017 oil prices

Thu, Sep 29, 2016

WTI was trading around $47 a barrel, after gaining more than 5 percent on Wednesday on OPEC`s planned output cut. [O/R]

Oil prices rise by 3% after surprise increase in US crude stocks draw

Oil prices rise by 3% after surprise increase in US crude stocks draw

Wed, Sep 28, 2016

Crude futures fell about 3% on Tuesday after Iran rejected an offer from Saudi Arabia to limit its oil output in exchange for Riyadh cutting supply.

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