Saudi oil

Israel and Saudi Arabia ‘in talks on joint defense against Iran’ | Israel

According to a report, senior military officials from Israel and Saudi Arabia met in secret US-brokered talks to discuss defense coordination against Iran. Delegations from Riyadh, as well as Qatar, the United Arab Emirates, Bahrain, Jordan and Egypt, met with the Chief of Staff of the Israel Defense Forces (IDF) …

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Hailing social reforms in Saudi Arabia, Italian Foreign Minister Luigi Di Maio says Rome is ready to support the kingdom

RIYADH: Psychedelic researcher Stanislov Grof once wrote that “psychedelics, used responsibly and with proper caution, would be to psychiatry what the microscope is to biology and medicine or the telescope is to astronomy.” . For many, this may seem like a far-fetched claim, but now more than ever it is …

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OPEC+ to stick to oil supply boost plan as Biden heads to Saudi Arabia – sources

The logo of the Organization of the Petroleum Exporting Countries (OPEC) is pictured at its headquarters in Vienna, Austria August 21, 2015. Picture taken August 21. REUTERS/Heinz-Peter Bader/ Join now for FREE unlimited access to Reuters.com Register LONDON, June 23 (Reuters) – OPEC and allied producing nations including Russia are …

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UK launches ambitious trade deal with Gulf countries

Talks kick off in Riyadh to strike a trade deal with countries covering £33.1bn of trade UK food and drink, manufacturing and renewable energy sectors would benefit from a new deal between the UK and the Gulf Cooperation Council Landmark deal would add at least £1.6bn a year to the …

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Anthony Joshua’s return adds to Saudi sporting portfolio

Anthony Joshua’s rematch with Oleksandr Usyk has been announced for Saudi Arabia on August 20. Here, the PA news agency takes a look at other competitions held around the country. Formula One The first Saudi Arabian Grand Prix took place in December 2021 with a night race in Jeddah, with …

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Will Biden’s Saudi visit lower oil prices? | Robin Mills

It would therefore be risky to upset the framework, knowing that production cuts could be necessary again soon. Riyadh came to value its relationship with Russia, which offered a variety of strategic and political advantages but, most importantly, allowed management of the oil market without the ever-present threat of giving …

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Saudi Aramco may merge business units ahead of IPO

Ahead of potential IPO plans for its trading arm, Saudi Aramco is considering a merger between Aramco Trading Co and Motiva Trading, Reuters reported Thursday. Citing two unnamed sources “familiar with the matter”, Reuters said the merger and restructuring of the two business arms could take place by the end …

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Biden says his visit to Saudi Arabia is about Israel, not oil prices

President Joe Biden has awkwardly asserted that his planned trip to Saudi Arabia, where he is expected to tighten ties with Saudi Crown Prince Mohammed bin Salman (MbS) and ‘advance’ from the problem of the murder of Jamal Khashoggi, has little to do with energy. He had this exchange with …

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Don’t go to Saudi Arabia, President Biden

The news last week that the European Union has reached an agreement to drastically reduce the purchase of Russian oil is a welcome development that signals that the continent is not only united against the genocidal attack on Ukraine, but that its political leaders are prepared to make tough choices …

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Desalination project signifies potential for business-university partnerships in Saudi Arabia

DUBAI: The worlds of business and academia are too often seen as mutually exclusive. But as nations seek scalable solutions to the climate crisis, while trying to meet the demands of ever-growing populations, there is certainly merit in working to combine the efforts of these two forces. Take the recent …

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Oman announces new oil discoveries and oil and gas deals with Iran

Saudi Arabia sets the stage for UN tourism summit as travelers seek post-pandemic change RIYADH: Saudi Arabia will host the 116th Executive Council of the United Nations World Tourism Organization on June 7-8 in Jeddah, with around 180 participants from around the world. The two-day event will deliberate on all …

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Blinken: Saudi Arabia ‘essential partner’ in expanding Abraham Accords

US Secretary of State Antony Blinken said on Wednesday that Saudi Arabia was an “essential partner” in countering Iran’s power in the Middle East and helping expand the Abraham Accords, which normalized ties between Israel and the Arab countries. Blinken was asked about the Biden administration balancing its efforts to …

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Oil prices rise as OPEC prepares to set new production targets | OPEC

Oil prices rose ahead of Thursday’s meeting of the OPEC cartel of oil-producing nations, as ministers prepare to set production targets for July at their first meeting since the EU imposed restrictions. sanctions on Russian crude. OPEC is under pressure from some members to exclude Russia, the world’s third-largest oil …

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Is Tesla really competing with the automotive industry – or oil and gas?

Every new electric vehicle is compared to Tesla. General Motors CEO Mary Barra even said her company will sell more electric vehicles than Tesla by the mid-2020s. Lucid and Rivian are “Tesla Killers.” And Henrik Fisker seems to have a particular bee in his hood about Elon Musk quitting Twitter …

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The BRICS reached consensus on the expansion process; may include Saudi Arabia, Argentina: China

China said Friday (May 27) that the foreign ministers of Brazil, Russia, India, China and South Africa (BRICS) had “reached consensus on its expansion process and agreed to include new developing countries. Beijing holds a rotating presidency of the BRICS bloc this year, and its foreign ministry said on Friday …

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Two US officials traveled to Saudi Arabia for oil, Iran talks

Two senior US officials traveled to Saudi Arabia this week to discuss energy supplies and Iran with officials from the oil-rich kingdom. Brett McGurk and Amos Hochstein were the two US officials who visited the Gulf [source: Getty] Two senior US officials visited Saudi Arabia this week for talks on …

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Carnival plans to sell Seabourn to Saudi investors

Seabourn has built five larger cruise ships and is now adding cruise ships for expedition cruises (Seabourn) Posted on May 24, 2022 9:36 PM by The Maritime Executive Carnival Corporation, which is the largest cruise line in the world, is …

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China’s oil demand must stay weak or we’ll have a tough summer (IEA)

Speaking to CNBC on Monday, the executive director of the International Energy Agency discussed the intricacies of the energy transition and the competing challenges that will need to be balanced in the years to come. Imaginima | E+ | Getty Images The executive director of the International Energy Agency spoke …

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Reviews | Biden’s risky contacts with Saudi Prince Khalid bin Salman

Placeholder while loading article actions Prince Khalid bin Salman of Saudi Arabia is not a household name but should be notorious. As the oil-rich kingdom’s ambassador to Washington in the fall of 2018, he assured journalist and Post contributor Jamal Khashoggi that he could safely collect some paperwork he needed …

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Global Energy Transition (O&G) Market Opportunities / 2022 Analysis Report with Shell, BP, TotalEnergies, Saudi Aramco, ExxonMobil, Chevron, Sinopec, Petronas, Ecopetrol, Lukoil

DUBLIN, May 19, 2022 /PRNewswire/ — The “Growth Opportunities of the Global Energy Transition” report has been added to from ResearchAndMarkets.com offer. This study reviews the innovations and strategies of 10 major oil and gas companies around 7 key pillars of the energy transition: eMobility; renewable energy; hydrogen; Carbon Capture, …

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Sportswashing has never been easier – but the Saudis hit oil again with the spirit of Newcastle

It was easy for Amanda Staveley and PIF to get Newcastle fans to buy into their project – but the owners must never spoil the unity that currently drives the Magpies… Say what you owe on the Saudi PIF – and there are many things that absolutely must be said …

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Ticker: Ski visits hit record high for 2021-22 season; Saudi oil profits jump 80%

The 2021-2022 ski season broke a record for the total number of skier visits to resorts across the country. The national figure of 61 million skier visits was up 3.5% from the previous season, according to the National Ski Area Association. “This record attendance indicates that the ski industry in …

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Saudi Arabia and Kuwait seek to exploit the potential of the Al-Durra gas field

Saudi Arabia and Kuwait seek to exploit the potential of the Al-Durra gas field Saudi Energy Minister Prince Abdulaziz bin Salman with his Kuwaiti counterpart Mohammed Al-Fares. (Provided) The foreign ministries of Saudi Arabia and Kuwait issued a joint statement last month affirming their right to develop and “exploit the …

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Saudi Arabia-listed Petro Rabigh posts $173m profit as oil prices soar in first quarter

RIYADH: Saudi shares closed lower for the fourth straight day in the final trading session of the week as traders struggled to gain ground and energy prices fluctuated. Oil price volatility continued, with Brent crude hitting $105.38 a barrel and WTI crude hitting $103.61 a barrel, as of 3:32 p.m. …

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US gas prices have peaked, but the oil market may signal relief

As the summer driving season approaches, the national average price for regular gasoline climbed Tuesday to a nominal record high of $4.37 a gallon. But relief could be on the way, with oil prices falling below $100 a barrel, down about 10% since the weekend. It may take a week …

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Saudi Arabia gives wings to urban air mobility

DUBAI: German hotel giant Deutsche Hospitality, which operates Steigenberger Hotels under its umbrella brand, plans to expand its offering in the Middle East this year with the addition of four new hotels under different brands. “We plan to double the number of rooms we manage in the region by the …

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Global climate cooperation key to boosting sustainable tourism, Saudi minister tells UN

Saudi Arabia’s Ministry of Industry and Mineral Resources says it has secured $6 billion for a steelworks complex and electric vehicle battery metal plant as part of plans to attract $32 billion in investment in the mining sector, according to Reuters. The ministry’s goal would be to fund nine mining …

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Jeddah Season attracts over 200,000 visitors in the first 3 days

RIYADH: Nearly 3,600 video games have been laundered and classified in Saudi Arabia since 2015, according to Hattan Tawili, general supervisor of the video games department at the General Commission for Audiovisual Media. According to Tawili, “things are going well in terms of the development of the sector as a …

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Saudi Arabia in a post-oil world — IR INSIDER

Over the past two decades, the need to move away from fossil fuels has become evident. Climate change has started to impact the world, and all over the world acceptance of theory has increased. In addition to the environmental impact, the supply of fossil fuels is limited and will be …

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Visit of Pakistani Prime Minister Sharif to the United Arab Emirates and Saudi Arabia

Pakistani Prime Minister Shehbaz Sharif visited the United Arab Emirates (UAE) and Saudi Arabia as part of his Gulf tour this weekend. Sharif held a meeting with Abu Dhabi Crown Prince Sheikh Mohamed bin Zayed Al-Nahyan as part of his visit to the United Arab Emirates. He arrived in Abu …

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Why are the enemies of Turkey and Saudi Arabia forging relations?

Dubai, United Arab Emirates – The murder of Saudi journalist and columnist Jamal Khashoggi in 2018 by Saudi agents in Istanbul sent an already strained and precarious relationship between Turkey and Saudi Arabia into a tailspin. Fast forward 3 and a half years later, it looks like Turkey and Saudi …

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Saudi Jadwa Investment revises down 2022 global oil demand growth by 12%

China In-Focus — Beiersdorf Cuts Forecast; Alibaba’s Lazada eyes European expansion; UBS’s David Chin resigns BEIJING: Beiersdorf, the maker of Nivea skincare products and Tesa glue, cut its adhesives unit’s full-year sales forecast on Thursday due to widespread lockdowns in China and ongoing health concerns. supply chain in the automotive …

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UAE remains top destination for Saudi Arabia’s non-oil exports in February despite decline

RIYADH: An economic rebound and higher oil prices prompted Moody’s to change the outlook for the banking systems of Saudi Arabia, Kuwait, United Arab Emirates, Qatar, Oman and Bahrain from negative to stable. Many banks in the Gulf region will see their profitability increase and credit growth accelerate as operating …

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Oil import bill doubles to $119 billion in FY22 as energy prices rise

The crude oil import bill nearly doubled to $119 billion in the fiscal year that ended March 31, as energy prices soared globally following the return of demand and war in Ukraine. India, the world’s third largest oil consumer and importer, spent $119.2 billion in 2021-22 (April 2021 to March …

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Multilateralism will help world overcome future challenges, says Saudi finance minister

LOS ANGELES: When China banned bitcoin mining last year, it sparked a gold rush in American cryptocurrencies, with states such as New York, Kentucky and Georgia quickly becoming centers major mines, according to Reuters. New York State Assemblyman Clyde Vanel couldn’t be happier. “It’s a blessing that it’s happening here,” …

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How PepsiCo is helping Saudi Arabia improve irrigation and reduce water use

RIYADH: As Saudi Arabia grapples with water scarcity, PepsiCo is making every effort to address the sustainability issue in the region. The company has successfully partnered with farmers to reduce their water use by 25% by introducing extraordinary irrigation techniques in recent years. “In 2022, we hope to achieve our …

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Nigeria’s crude oil underproduction reached 14.88 million barrels in March, $1.488 billion lost due to lack of capacity

Emmanuel Addeh in Abuja Nigeria has only managed to pump 1.238 million barrels per day despite having a fixed production quota of 1.718 million barrels per day from the Organization of the Petroleum Exporting Countries (OPEC) in March 2022 , according to a new report from the cartel. At a …

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Ocon ‘happy’ to return to Saudi Arabia with safety guarantees RaceFans

Contents: Esteban Ocon says he would be “very happy” to race again in Saudi Arabia. In short Ocon would be ‘very happy’ to return to Saudi Arabia with security guarantees Esteban Ocon said he would be “very happy” to race in Saudi Arabia again in the future if Formula 1 …

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House Democrats urge Biden to get tough on Saudi Arabia – Reuters

WASHINGTON (AP) — Nearly three dozen House Democrats are pushing the administration to get tough on Saudi Arabia, calling it the wrong strategic partner after it refused to help ease the global oil supply crisis. during the Russian invasion of Ukraine. Representative Gerry Connolly, a Democrat from Virginia and senior …

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Saudi stock market rebounds as oil prices ease: Opening bell

RIYADH: Oil prices fell $2 a barrel at the start of Asian trading on Monday, following a second consecutive weekly decline after global consumers signaled plans to release a record volume of crude and petroleum products from stockpiles strategies and that blockages in China have continued. Brent crude fell $2.04, …

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UN unveils plan to prevent oil tanker disaster off Yemen coast

NEW YORK – Critical funding and timely action are needed to prevent a decaying oil tanker anchored near the coast of Yemen from causing a major oil spill, the United Nations humanitarian coordinator for the country said in New York on Friday. David Gressly outlined plans to deal with the …

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Saudi Fransi Capital and MIS to launch $40m tech-focused venture capital fund

Al Moammar Information Systems Company (MIS), listed in Riyadh, and Saudi Fransi Capital have signed a first pact to create a venture capital fund, to invest in early-stage tech start-ups in Saudi Arabia as the kingdom diversifies its economy away from oil. The required initial size of the fund is …

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Saudi Arabia raises oil prices again | Rigzone

Saudi Arabia has raised oil prices for customers in all regions as Russia’s invasion of Ukraine continues to ripple through markets. State producer Saudi Aramco has raised its light Arabian crude for next month’s shipments to Asia to $9.35 a barrel above the benchmark it uses. That’s a jump of …

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Saudi Arabia and the Middle East are investing heavily in solar power, says Nextracker executive

GCC not at risk of food insecurity but inflation as Ukraine crisis disrupts supply RIYADH: The ongoing war between Russia and Ukraine is creating major disruptions in the global food supply, creating fear of food insecurity and inflation in some heavily import-dependent countries amid rising food prices. energy costs. The …

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Baker Hughes and Dussur team up for chemical project in Saudi Arabia

A Baker Hughes sign is displayed outside the oil logistics company’s local office in Sherwood Park near Edmonton, Alberta, Canada November 13, 2016. REUTERS/Chris Helgren Join now for FREE unlimited access to Reuters.com Register March 29 (Reuters) – Baker Hughes and Saudi Arabia‘s state-owned Dussur have agreed to form a …

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Lapid’s flagship Negev Summit sets sail on a sea of ​​regional fears

The Negev summit organized by Foreign Minister Yair Lapid on Sunday and Monday is presented as a show of force against Iran. The foreign ministers of the United Arab Emirates, Bahrain, Morocco and Egypt join Lapid and US Secretary of State Antony Blinken, and there is no doubt that Iran …

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Saudi Arabia, UAE call for more US security support

Saudi Arabia and the United Arab Emirates are pushing the United States to step up security support as the Biden administration seeks cooperation from the two Gulf powers on everything from energy to the Ukraine crisis to the 2015 nuclear deal with Iran. The United Arab Emirates has asked the …

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Saudi defenses intercept Houthi ballistic missile

Al Houthis this week stepped up its cross-border attacks on Saudi Arabia despite a call from the Gulf Cooperation Council (GCC), which includes the kingdom, to hold inter-Yemeni talks later this month to resolve the dispute over long standing in Yemen. On Sunday, the Arab alliance said Saudi air defenses …

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Aramco health adds spice to Saudi yuan dilemma

The Saudi Aramco logo is pictured at an oil facility in Abqaiq, Saudi Arabia October 12, 2019. REUTERS/Maxim Shemetov Join now for FREE unlimited access to Reuters.com Register LONDON, March 21 (Reuters Breakingviews) – Saudi Aramco (2222.SE) is giving Mohammed bin Salman some extra firepower in his fight against Joe …

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Saudi crude exports hit 21-month high in January – JODI

FILE PHOTO: Flames are seen at Saudi Aramco’s Shaybah oilfield production site in the Empty Quarter, Saudi Arabia May 22, 2018. REUTERS/Ahmed Jadallah Join now for FREE unlimited access to Reuters.com Register March 18 (Reuters) – Saudi Arabia‘s crude oil exports in January reached 6.996 million barrels per day (bpd), …

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Saudi Arabia’s human rights record could be neglected over need for cheap oil, groups say

LONDON – Saudi Arabia’s mass execution of 81 people in one day, condemned by activist groups as a “massacre”, has sparked fresh fears that the kingdom’s human rights record is on the mend again. ignored in the context of the global energy crisis. The Saudi Interior Ministry said the men …

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Britain’s Johnson urges Saudi Arabia to increase oil production, minister says

LONDON, March 14 (Reuters) – British Prime Minister Boris Johnson is trying to persuade Saudi Arabia to increase oil production, a senior minister said on Monday, following reports that Johnson is heading to the weight heavyweight from OPEC this week. Saudi Arabia and the United Arab Emirates have so far …

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Saudi Arabia. Boris Johnson’s visit for oil talks – as kingdom announces execution of 81 | world news

Boris Johnson is set to travel to Saudi Arabia next week for oil talks as he tries to extricate the UK from dependence on energy supplies from Russia. Although Downing Street insists the trip is not finalized or confirmed, the Prime Minister faces calls from Tory MPs to intervene to …

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Saudi-American operation rescues American women from Sanaa

ISLAMABAD: Pakistani painter Rabia Zakir, who this week became the first international artist to hold a solo exhibition in Medina on International Women’s Day, hailed Crown Prince Mohammed bin Salman’s Vision 2030 reform plans to promote arts and culture in Saudi Arabia. Zakir is well known in diplomatic circles for …

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Staples: Alberta offers a way out of North America’s chaotic energy policy

Breadcrumb Links Politics national Columnists Energy security is the most burning domestic issue in the United States right now. Biden and his Democrats are reportedly considering importing more oil from dictatorships like Venezuela, Saudi Arabia and Iran. Publication date : March 09, 2022 • 57 minutes ago • 3 minute …

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Saudi local industry secured $21 billion in investment in 2021 – minister

RIYADH, March 7 (Reuters) – Saudi Arabia attracted 81 billion riyals ($21.6 billion) of investment in the industrial sector in 2021, both for the private sector and for joint ventures with government entities, said the Saudi Minister of Industry on Monday. The kingdom has set lofty goals to diversify its …

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How the Giant Saudi Wealth Fund is building a post-oil future: QuickTake

1. What does PIF invest in? Its biggest holdings are still in local companies such as the Saudi National Bank, Saudi Telecom Co. and national projects like Neom, a $500 billion city-state that would run entirely on renewable energy and export energy. ‘green energy. Since 2016, when it committed $45 …

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Wheat prices up 5% as Ukraine crisis threatens global supply chains

RIYADH: Saudi Arabia has announced the establishment of its first electric vehicle manufacturing plant in the country, with the government planning to ensure that 30% of all vehicles in the capital, Riyadh, run on electricity by 2030 . This is another step towards promoting a sustainable lifestyle in the Kingdom …

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The Crown Prince receives a phone call from the French President

RIYADH/JEDDAH: Ukrainians living in Saudi Arabia watch the news, worried for the safety of family and friends, and alarmed by events in their home country. “Missiles, sirens all the time, explosions in this area and bomb shelters,” said Kateryna Tkachenko, 23, from Ukraine, who lives in Jeddah. “That’s all the …

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United States or Russia? The crisis poses a dilemma for the wealthy in the Gulf

Growing ties with Moscow are forcing Gulf states to strike a balance. UNITED ARAB EMIRATES: Choosing sides in the Ukraine crisis would once have been easy for Gulf states long protected by the United States, but growing ties with Moscow are forcing them to strike a balance. As the world …

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Germany approves $14.7 billion package amid rising energy costs; hydrogen will become a market of 1 billion dollars per year: NRG counts

Green energy is the future, but demand for oil and gas is here to stay: Zamil Group CEO Oil-real estate investment firm Zamil Group plans to enter the renewable energy market, company CEO Adib Al Zamil said. “Investing in new sectors is what kept us going as a group. We …

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Campaign against oil and gas investment short-sighted, Saudi energy minister tells IPTC 2022

RIYADH: As Arab states push ahead with economic diversification plans, experts watching geopolitical developments remain optimistic about the future of the Gulf region, but warn that strong global and political headwinds persist. Experts gathered at a recently concluded conference at the Arab Gulf States Institute in Washington, also known as …

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Electric SUV racing comes to Saudi Arabia’s NEOM

An electric sport utility vehicle (SUV) race will start tomorrow in Saudi Arabia. The Extreme E Desert X Price go running from February 19 to 20 at the site of the planned futuristic city of NEOM in northwestern Saudi Arabia. The race features electric SUVs, driven by teams of two. …

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russia: Explained: How much oil, gas and coal India imports from Russia

LONDON: As the Ukraine-Russia crisis escalates and threatens to ignite conflict in Europe, analysts warn there could be implications for Asia, where several countries depend on Russia for oil, gas and coal. Any invasion of Ukraine by Russian troops could trigger sanctions and retaliation that would disrupt the movement of …

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Cabinet welcomes U.S. commitment to support Saudi Arabia

Riyadh — The Cabinet, chaired by the Custodian of the Two Holy Mosques, King Salman, at Al-Yamamah Palace here on Tuesday, commended the President of the United States for expressing the United States’ commitment to supporting Saudi Arabia in its defense of its lands and citizens and to meet the …

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Saudi Arabia transfers $80 billion worth of Aramco shares to state fund

A 3D printed gas pipeline is placed in front of the Saudi Aramco logo displayed in this illustration taken February 8, 2022. REUTERS/Dado Ruvic/Illustration Join now for FREE unlimited access to Reuters.com Register DUBAI, Feb 13 (Reuters) – Saudi Crown Prince Mohammed bin Salman has transferred 4% of Saudi Aramco …

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Saudi Arabia is in full transformation

Many now agree that our common ethic, until recently, had taken a turn over the past three decades, and not necessarily for the better. Whether it was work, business, or social ethics, our general behavior had changed. And many pundits will be quick to point out that it was the …

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OPEC sees higher oil demand forecast for 2022 thanks to strong pandemic recovery

Crude oil storage tanks are seen from above at the Cushing Petroleum Center, appearing to run out of space to hold a historic supply glut that has driven prices up, in Cushing, Oklahoma March 24, 2016. Photo taken March 24, 2016. REUTERS/ Nick Oxford // File photo Join now for …

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Lebanese cancer patient airlifted and treated in Riyadh after King Salman’s order

RIYADH: The second edition of the Red Sea International Film Festival will take place from December 1-10 this year, organizers have announced. It follows the successful inaugural edition of the event late last year, which presented 138 films to more than 30,000 spectators who came to celebrate Jeddah’s historic festival. …

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Global shipping rates weigh on profits at Saudi shipping giant Bahri

RIYADH: Saudi Arabia plans to create a globally competitive industrial sector by converting 4,000 factories to use fourth industrial revolution, 4IR technology. The sector’s new strategy will focus on increasing locally sourced inputs, as well as adopting 4IR technologies, Minister of Industry and Mineral Resources Bandar Alkhorayef said at a …

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Zuraida: The government is committed to protecting the long-term interests of the palm oil industry

KUALA LUMPUR (5 February): The Ministry of Industries and Plantation Products (MPIC) will continue to work hard to ensure that the long-term interests of the palm oil industry are safeguarded and to help smallholders d palm oil and other stakeholders. This is despite US and EU sanctions imposed on Malaysian …

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US policy in Yemen is still wrong

Last week, Brett McGurk, the White House Middle East coordinator, summed up the millions of people suffering in Yemen in a false binary in which Washington did everything for peace. He claimed that the Houthi rebels in Yemen are responsible for the continuation of this seven-year conflict which has become …

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Aramco announces the launch of Prosperity7 Ventures

DHAHRAN — Saudi Aramco on Tuesday officially announced the launch of Prosperity7 Ventures, a billion-dollar venture capital fund. The fund has been operational for more than a year, but was officially launched on Tuesday by Aramco Chief Technology Officer Ahmad Al-Khowaiter at the LEAP 22 technology conference in Riyadh. Prosperity7 …

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Ampo Poyam Valves signs supply agreement with Aramco

Ampo Poyam Valves recently signed a Corporate Supply Agreement (CPA) with Aramco covering a partnership on the development and supply of highly technical valves as well as ad-hoc and high value-added services. The agreement also includes the provision of technical support during start-up, commissioning, engineering solutions, equipment selection, preventive and …

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M’sia signs a memorandum of understanding with the Saudi group Savola to increase palm oil exports

PUTRAJAYA: Malaysia will sign a Memorandum of Understanding (MoU) with Saudi-based Savola Group on three areas of cooperation to further enhance Malaysian palm oil exports to the region, the Ministry of Plantation Industries and Commodities (MPIC) has announced. ). In a statement released today, the ministry said that among the …

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Saudi Aramco CEO says energy transition ‘not going smoothly’

Saudi Arabia, the world’s largest oil exporter, aims to achieve net-zero greenhouse gas emissions by 2060 DUBAI, United Arab Emirates – Saudi Aramco Chief Executive Amin Nasser said on Thursday (January 27th) oil and gas investments are needed to accompany new energy investments until they can realistically sustain the increase …

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Saudi Arabia may raise crude oil prices in March for Asia

Flames emerge from a pipeline in the Basra oil fields, southeast of Baghdad, September 30, 2016. REUTERS/Essam Al-Sudani Join now for FREE unlimited access to Reuters.com Register Arab Light Crude March OSP could rise 60 cents/barrel – survey Improved jetting, fuel margins to support light grades SINGAPORE, Jan 26 (Reuters) …

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International decision gains momentum to classify the Houthis as a terrorist group — Ambassador Al-Jaber

Okaz/Saudi Official Gazette Riyadh — Saudi Arabia’s Ambassador to Yemen, Muhammad Al-Jaber, said a major international initiative was gaining momentum to classify the Houthi militia as a terrorist group. In an interview with Okaz/Saudi Gazette, he stressed that the Houthi terror group is not only a threat to Yemenis, Saudi …

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Saudi Arabia’s ambitious space program gives a taste of exciting collaborations to come

JEDDAH: Over half a century ago, Neil Armstrong and Buzz Aldrin became the first to set foot on the surface of the moon. Since this historic milestone, governments, scientists and now entrepreneurs have set their sights on more distant and ambitious goals. From Jeff Bezos’ forays into space tourism with …

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Newsmaker: Abdulaziz Bin Salman — Crude and Covid, Volatility and Virus

The most fundamental law of economics is that of supply and demand. When supply is high, prices are low. And when demand is high, prices are high. The modern global economy, so interconnected and dependent on every component, has never really had to deal with the economic laws that have …

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‘Nothing wrong’ with Saudi investment in golf

ENGLISH GOLFER PAUL Casey on Wednesday defended Saudi Arabia’s $200million injection to revive the Asian Tour, following criticism of the deal over the oil-rich kingdom’s human rights record man. Speaking ahead of this week’s SMBC Singapore Open, where he finished tied for second in 2019, Casey praised the funding from …

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Saudi foreign minister discusses African security with US officials

RIYADH: The Saudi Foreign Ministry condemned in “the strongest terms” a “cowardly terrorist attack” that targeted Abu Dhabi International Airport on Monday. The Kingdom affirmed its full support for the UAE in the face of all threats to its security and stability. A suspected drone attack by the Houthis targeting …

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OLIVER HOLT: Newcastle players should watch their steps on grim Saudi Arabia tour

OLIVER HOLT: Newcastle players should watch their steps on a bleak tour of Saudi Arabia… pranking like in Marbella 20 years ago won’t sit well with Crown Prince Mohammed bin Salman Newcastle United squad travel to Saudi Arabia for mid-season break On a similar trip 20 years ago, Craig Bellamy …

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OPEC Plus and other oil producers fail to meet demand

Nearly two years ago, global oil producers halted and drastically reduced production as the pandemic gripped global economies. The sharp decline was accompanied by an implicit promise that as factories reopen and planes return to the air, the oil industry will also rebound, gradually ramping up production to help economies …

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Aramco gains a foothold in Russia’s backyard with Polish oil deal | OPEC News

Aramco, the world’s largest oil company, will buy 30% of a refinery on the Baltic coast, as well as a wholesale unit of fuel. Through Anthony Di Paola and Maciej MartewiczBloomberg Posted on January 12, 2022Jan 12, 2022 Saudi Aramco‘s deal to supply nearly half of Poland’s oil will give …

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Saudi Arabia’s cement market will grow by 1.66 million tons | Evolving opportunities with Al Safwa Ltd. and Arabian Cement Co. SAE

Read the 120-page report with TOC on “Cement market at Saudi Arabia Analysis report by Application (Residential & Commercial) and Geography (Central, West, South & East) and Segment Forecast, 2021-2025 “. Get competitive insights from market leaders. Track key opportunities, trends and Industry threats Information on marketing, sales, branding, market …

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Creation of an Arab music institute in Saudi Arabia

RIYAD: Zara Rutherford, who is trying to be the youngest woman to tour the world solo, touched down at Riyadh’s King Khalid International Airport on Thursday aboard her Shark light plane. “I am 100% honest about Saudi Arabia in terms of natural beauty. I don’t think I saw anything like …

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Crude Oil Market Size 2022-2028 Industry Share, Growth Analysis, Regional Demand, Major Manufacturers – Gulf Oil, Saudi Aramco, Chevron Corporation, Shell, Suncor Energy

The Crude Oil Market Report is a perfect basis for people looking for a comprehensive study and analysis of the Crude Oil Market. This report contains diverse study and information that will help you understand your niche and key market channel concentration in the regional and global Crude Oil market. …

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F / A-18 Hornets strengthen US presence in Saudi Arabia

Marine Fighter Attack Squadron 115, or VMFA-115, the “Silver Eagles”, has deployed its F / A-18C / D Hornet fighters to Prince Sultan Air Base in central Saudi Arabia to bolster the continued presence. of the United States Central Command (CENTCOM) in the country. The arrival of the United States …

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Dividends recover for Saudi Arabia’s 10 biggest companies after pandemic

LONDON: Greta Thunberg’s bitter sacking of world leaders for their promises to fight global warming as ‘blah, blah, blah’ was not what it turned out, too far off target in 2021. Despite serious commitments from Washington to Beijing to reduce fossil fuel consumption and reduce global heating emissions, demand for …

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Saudi Arabia KSrelief sends tons of humanitarian aid to Kabul

Outlook 2022: Saudi Arabia’s booming entertainment sector is just beginning RIYAD: For some three decades, entertainment venues, from cinemas to concert halls, have been locked down across Saudi Arabia, depriving citizens and visitors of outlets to enjoy cultural, sporting and artistic activities in public All of that started to change …

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Yemen calls on UN Security Council to hold Saudi Arabia and its arms suppliers to account for devastating war

Yemeni National Salvation Government Foreign Minister Hisham Sharaf Abdullah called on the UN Security Council to hold Saudi Arabia and its arms suppliers to account in accordance with international law for their crimes of war in this Arab country in crisis. Abdullah, in identical letters to rotating Security Council President …

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Are these waves of change or a whitewash as Saudi Arabia soaks up the spotlight?

Jeddah. Saudi Arabia: “It could never have happened two years ago,” was the constant refrain of the Red Sea Film Festival, which was held this month in Jeddah, Saudi Arabia. It was certainly true. A 35-year cinema ban was only lifted in 2018. Earlier this year, the kingdom hosted its …

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Saudi Arabia appears to be building its own ballistic missiles with help from China

Saudi Arabia is building its own ballistic missiles with help from China, according to US intelligence assessments and satellite images. The assessment of the American intelligence agencies is that the kingdom, which would have long acquired missiles in Beijing, is now manufacturing its own, according to a source familiar with …

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PIF-backed Roshn and NHC sign pact to develop housing communities in Saudi Arabia

Roshn, Saudi Arabia’s largest developer owned by the kingdom’s Public Investment Fund, and the National Housing Company have signed a preliminary agreement to jointly build residential communities to meet the growing demand for housing in the country. The agreement forges a “lasting and pivotal relationship between the two companies … …

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SOUTH KOREA DATA: November crude imports increase but short-term throughput is under pressure

Strong points First quarter spot crude purchases expected to drop amid fragile demand U.S. crude imports increase year-over-year for 8th consecutive month Refiners continue to find Middle East crude prices expensive South Korea’s crude oil imports in November were up 14.2% from a year earlier, as local refiners increased their …

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Saudi Startups Record Best Quarter Ever for Third Quarter Fundraising, Magnitt Says

Start-ups in Saudi Arabia recorded their best quarter of fundraising in the three months ending September 30, attracting $ 205 million in 34 deals, according to data platform Magnitt. Venture capital investments in the kingdom’s start-ups more than quadrupled in the third quarter of 2021, compared to the same period …

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Tunisian artist wins Saudi Arabia’s Ithra Art Prize highlighting pan-Arab accent at this year’s award

RIYAD: The region’s largest music festival opened its doors to festival-goers on Thursday, as SOUNDSTORM’s prelude – the XP Music Conference – ended the first act of “Riyadh’s loudest week”. Music fans from around the world flocked to the second edition of MDLBEAST SOUNDSTORM in the Saudi capital for four …

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Saudi Arabia resets foreign policy, economy and society – lessons for Pakistan

As America’s influence weakened in Afghanistan and Iraq following its withdrawal, the Kingdom of Saudi Arabia (KSA) is well positioned to play a notable role in the greater Middle East. The unprecedented meeting of OIC Foreign Ministers on December 19 in Islamabad is being held at Riyadh’s request on one …

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Omicron Covid variant to reduce global oil demand, IEA says

A tanker truck drives past oil well pump jacks operated by Chevron Corp. in San Ardo, California, United States, on Tuesday, April 27, 2021. David Paul Morris | Bloomberg | Getty Images Oil demand is expected to fall below expectations next year, the International Energy Agency said on Tuesday, as …

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