Saudi oil

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 …

Read More »

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 …

Read More »

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 …

Read More »

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 …

Read More »

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 …

Read More »

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 …

Read More »

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 …

Read More »

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 …

Read More »

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. …

Read More »

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 …

Read More »

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 …

Read More »

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 …

Read More »

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 …

Read More »

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 …

Read More »

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. …

Read More »

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 …

Read More »

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 …

Read More »

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 …

Read More »

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 …

Read More »

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 …

Read More »

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 …

Read More »

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 …

Read More »

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) …

Read More »

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 …

Read More »

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 …

Read More »

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 …

Read More »

‘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 …

Read More »

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 …

Read More »

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 …

Read More »

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 …

Read More »

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 …

Read More »

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 …

Read More »

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 …

Read More »

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. …

Read More »

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 …

Read More »

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 …

Read More »

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 …

Read More »

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 …

Read More »

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 …

Read More »

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 …

Read More »

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 … …

Read More »

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 …

Read More »

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 …

Read More »

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 …

Read More »

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 …

Read More »

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 …

Read More »

Saudi Central Bank publishes IT governance framework for financial institutions

While the Saudi fiscal year 2022 fiscal statement is expected to be released shortly, two Saudi economists told Arab News about their forecasts for the Kingdom’s fiscal performance. A key difference is whether the Kingdom should run a surplus or a deficit. “In my opinion, we could see a budget …

Read More »

Saudi Arabia, Kuwait Work To Increase Khafji And Wafra Oil Production

Oil heads for biggest weekly gain in four months as OPEC + exit decision is warranted LONDON: Oil prices rose on Friday and were heading for their strongest weekly advance since late August, as investors became less concerned about the potential effect of the omicron COVID-19 variant on economic growth …

Read More »

Oil weighs on Saudi stocks, Dubai wins for seventh day

An investor browses the Dubai financial market after Joe Biden won the US presidency, in Dubai, United Arab Emirates, November 8, 2020. REUTERS / Christopher Pike Register now for FREE and unlimited access to reuters.com Register now December 9 (Reuters) – The Saudi stock market ended lower on Thursday, following …

Read More »

Is shale gas a game-changer for Saudi Arabia?

The first major contracts for Saudi Arabia’s Jafurah field – allegedly the largest shale gas field outside the United States – were awarded last week, as the Kingdom aims to become the third largest gas producer natural to the world by 2030, to the point where it could even become …

Read More »

ARAMCO and GAUSSIN sign a partnership to join forces in the hydrogen vehicle sector

Gaussin aims to establish a modern manufacturing plant for hydrogen vehicles “Made in Saudi Arabia” Aramco sponsors the first hydrogen-powered truck to participate in the Dakar rally, during the January 2022 Dakar rally in Saudi Arabia DHAHRAN, Saudi Arabia & HERICOURT, France, December 06, 2021– (COMMERCIAL THREAD) – ARAMCO, one …

Read More »

Pakistan receives $ 3 billion deposit from Saudi Arabia

KARACHI: The State Bank of Pakistan received a $ 3 billion deposit from Saudi Arabia on Saturday to support foreign exchange reserves. “Good news, a $ 3 billion Saudi deposit received by SBP,” Prime Minister’s Finance Advisor Shaukat Tarin said in a tweet on Saturday. “I would like to thank …

Read More »

OPEC was in decline. Soon he might be more powerful than ever

But with the demand for crude rising as the impact of the pandemic wears off, that no longer appears to be the case. OPEC +, which brings together the Organization of the Petroleum Exporting Countries and allies like Russia, is once again showing dynamism. the group refusal of membership calls …

Read More »

Saudi justice ministry praises female employees

Online platform for research chairs hailed as key development for Saudi universities MAKKAH: The recent launch of an online platform for research chairs in universities in Saudi Arabia is an innovative step, experts said, which aims to improve the management of research and innovation in Saudi universities and encourage the …

Read More »

Saudi Arabian GP is just starting to make the kingdom a motorsport powerhouse

Saudi Arabia is preparing to host its first Grand Prix this weekend to mark the start of an ambitious 20-year plan to create the kingdom’s own squad, future world champion and automaker. The penultimate race of the F1 season, on December 5, will transform Jeddah, a city on the Red …

Read More »

S&P Revises Bahrain’s Outlook to Stable on Tax Reforms and Rising Oil Prices

S&P Global Ratings revised Bahrain’s outlook from stable to negative as the Gulf country undertakes tax reforms to strengthen its economy. Rising oil prices along with support from other GCC members are also expected to help the country improve its fiscal position. The rating agency confirmed Bahrain’s long and short-term …

Read More »

Saudi Arabia applies spending cap despite oil revenues – Eurasia Review

By Shatha Almasoudijana and Sallouum Ruba Alrashed Saudi Arabia, which last month reported a surplus from its first quarterly budget surplus since the first quarter of 2019, is enforcing spending restrictions even as oil prices trade near their multi-year high. Saudi Arabia’s finance ministry has started enforcing the spending cap …

Read More »

Saudi non-oil exports increase 28.4% in third quarter 2021

The vast Red Sea project encompasses urban development, mass tourism and the “greening” of an entire region – in addition to the cultural dimension: a major potential for around 7 million diving tourists to Saudi Arabia. No less than 1,600 archaeological sites have been identified in the region, 20 of …

Read More »

No “competition” between Saudi Arabia and United Arab Emirates: senior Mubadala official

RIYAD: “Buy now, pay later” is gaining popularity in Saudi Arabia as the country’s young population embraces new personal finance ideas, according to a senior executive at the Dubai-based tabby shopping platform. Speaking to Arab News, the company’s managing director for the Kingdom, Abdulaziz Saja, said a traditional mistrust of …

Read More »

Saudi women’s rights activist who found freedom and horror on the internet

Born into a devout Muslim family in Saudi Arabia, Manal al-Sharif spent her childhood feeling that women were second-class citizens. In her small world, every piece of information she encountered was carefully organized, censored in such a way as to crush any spirit of rebellion. Thanks to the Internet, which …

Read More »

Dubai Expo 2020 pavilion in Saudi Arabia records 1 million visits

DJEDDAH: Contemporary artists and architects flock to the heart of historic downtown Jeddah to present works that illustrate the city’s first major phase of urban development in a new exhibition, dating back to ‘where and when’ it all began. The exhibition entitled “Saudi Modern” addresses the narrative of architecture and …

Read More »

Oil prices fall amid rising gas prices in Europe: energy market closes

RIYAD: Bitcoin and Ether, the world’s two largest cryptocurrencies, were weak on Wednesday and at near critical levels that analysts say could mean further weakness if they fall further. While profit taking after the massive price hike earlier in the month emerged as the most important factor, analysts pointed to …

Read More »

Saudi PIF nearly triples holdings of US equities; adds Walmart, Pinterest

DUBAI, Nov. 15 (Reuters) – The Public Investment Fund (PIF), Saudi Arabia’s sovereign wealth fund, nearly tripled its holdings of listed shares in the United States to $ 43.45 billion in the third quarter, adding shares of the Alibaba group, Walmart (WMT.N) and Pinterest (PINS.N). Its holdings of U.S.-listed stocks …

Read More »

Saudi Arabia denies playing climate saboteur in Glasgow

GLASGOW, Scotland: The tightest of smiles on his face and the fabric of his traditional thobe swirling around him as he walks through a hallway during UN climate talks, the Saudi Energy Minister voices his shock at repeated complaints that the world’s largest oil producer is working behind the scenes …

Read More »

Kuwait sends false messages to Saudi Arabia and Hezbollah |

KUWAIT CITY – The government of Kuwait tendered its resignation on Monday to the country’s Emir Sheikh Nawaf Al-Ahmad Al-Sabah, a day after approving a controversial amnesty bill, which includes the easing of sentences for members of an armed group affiliated with the Lebanese Shiite Hezbollah Movement, known as the …

Read More »

Jouf, the capital of olive oil in Saudi Arabia

RIYAD: With futuristic games for all ages and a restaurant, cafe, and hookah lounge, Takenda is the all-new one-stop-shop for fun. “We decided to create a family entertainment center but with a more futuristic digital approach, and from that point on we created Takenda,” Turki Al-Ahmadi, CEO of Takenda, told …

Read More »

Jadwa expects Saudi deficit to narrow in 2021 as oil prices hit multi-year highs

International tourism body to work with new Saudi sustainability center as it pushes for net zero carbon roadmap Travel industry launches “net zero roadmap,” the head of the World Travel and Tourism Council (WTTC) told Arab News, adding that the organization would work closely with the new sustainability center of …

Read More »

With shale under control, Saudi Arabia and Russia become more comfortable with oil rally

A sticker shows crude oil on the side of a storage tank in the Permian Basin in Mentone, Loving County, Texas, USA, November 22, 2019. REUTERS / Angus Mordant / File Photo OPEC + has pushed back US calls for faster production increases Russian source claims OPEC + is not …

Read More »

Saudi Arabia wants businesses and families to choose Riyadh

The Saudi Arabia pavilion is on view at Expo 2020 in Dubai, United Arab Emirates on Monday, October 18, 2021. The Crown Prince of Saudi Arabia wants businesses, their employees and their families to relocate to the kingdom. The once ultra-conservative capital Riyadh now promises a lifestyle where concerts, cinemas, …

Read More »

Saudi Arabia, Bahrain, and other allies join US bombers fly over regional choke points

The U.S. Air Force flew a B-1B strategic bomber over key maritime choke points in the Middle East alongside fighter jets from allies including Saudi Arabia, Israel, Egypt and Bahrain, amid continued tension with Iran as its nuclear deal with world powers remains in tatters. The B-1B bomber flew over …

Read More »

Saudi Aramco Sees Revenue Increase to $ 30.4 Billion in Third Quarter | WJHL

through: ISABEL DEBRE, Associated Press Posted: Oct 31, 2021 / 6:53 AM EDT / Update: Oct 31, 2021 / 6:53 AM EDT FILE – In this file photo from June 28, 2021, engineers and journalists at Saudi Aramco examine the Hawiyah natural gas liquids recovery plant, which is designed to …

Read More »

Saudi Arabia orders Lebanese ambassador to leave the kingdom

BEIRUT (AP) – Saudi Arabia on Friday ordered Lebanon’s ambassador to the kingdom to leave the country within 48 hours and halted all imports from Lebanon, in response to comments from a Lebanese minister who called the war in Yemen a Saudi “aggression”. Hours later, the Kingdom of Bahrain ordered …

Read More »

The specter of a problematic crown prince hangs over Biden’s policies in Saudi Arabia | American foreign policy

When Joe Biden was recently requested if gas prices were to come down soon, the US president offered an enigmatic explanation of how his strained relationship with Saudi Arabia was at least partly to blame for the price at the pump. Gas prices were high because the oil-rich countries of …

Read More »

Saudi Arabia Facilities Management Markets, 2016-2020 and 2021-2026 – Increase in Public Spending in Tourism Sector and Construction Activities

DUBLIN, October 27, 2021– (COMMERCIAL THREAD)–The “Saudi Arabia Facilities Management Market Research Report: Forecast (2021-2026)” report was added to ResearchAndMarkets.com offer. Saudi Arabia Facilities Management Market Expected To Grow At A CAGR Of Around 15% In The Period 2021-26F The growth of the market is accredited to propel investments in …

Read More »

Saudi Arabia and Iran want to be friends again

Times are changing ‘. Iranian leaders may not be fans of Bob Dylan, but his words are likely to resonate as they consider their next steps in Iraq, Iraqi Kurdistan, Lebanon and Azerbaijan. The same goes for Turkish President Recep Tayyip Erdogan. The president’s brilliance as a fierce defender of …

Read More »

Saudi Arabia plans to build theme park on oil rig

Located in the Persian Gulf, “THE RIG” will be the first tourist destination in the world inspired by offshore oil platforms. (Saudi Arabia Public Investment Fund) Oil-dependent Saudi Arabia takes the concept of economic diversification at face value. The kingdom has announced plans to convert an oil rig in the …

Read More »

Saudi Arabia, leading oil exporter, targets net zero emissions by 2060

Dual objective of reducing carbon emissions Saudi initiative for an investment of 187 billion dollars Fight against climate change while ensuring the stability of the oil market Could reach target before 2060, according to Minister of Energy RIYAD, October 23 (Reuters) – The Crown Prince of Saudi Arabia said on …

Read More »

Indian state refiners consider joint crude purchases as soaring prices bite

Strong points IOC, BPCL, HPCL are the main state-run refiners in India The key challenge of pricing such long-term transactions: Platts Analytics HPCL rough runs reach 100% capacity as demand increases Indian state refiners, bitten by soaring crude prices, are working on a plan to jointly negotiate forward crude import …

Read More »

Less than a third of the British public would support a trade deal with Saudi Arabia | Politics

Less than a third of the British public would support a trade deal with Saudi Arabia, data released by the government revealed as Foreign Secretary Liz Truss met with senior officials in the oil-rich state. Truss is on a trip to the Gulf, where a government spokeswoman said she would …

Read More »

Oil stays close to multi-year highs as energy crisis continues

A Bank of America report warned that achieving net zero would cost the global economy $ 5,000 billion annually over the next 30 years. On the eve of the UN’s COP26 environmental conference in Scotland this month, where countries that signed the 2015 Paris Agreement to reduce carbon emissions will …

Read More »

Oil prices soar as COVID recovery, power producers fuel demand

Russian gas giant Gazprom has reserved about a third of the additional gas transit capacity offered through the Yamal-Europe pipeline through Poland for November and has not reserved any volume through Ukraine, auction results showed on Monday. Gazprom’s data also showed that its gas exports declined in the first half …

Read More »

Saudi Arabia to turn huge oil rig into hotel and theme park

A huge oil rig in the Persian Gulf will be transformed into an 800-room hotel and theme park. Saudi Arabia’s Public Investment Fund has unveiled plans for its latest tourist attraction called The Rig – a series of connected platforms that span 150,000 square meters. “This project is a unique …

Read More »

Saudi Aramco wipes out nearly $ 2 billion in valuation as oil prices skyrocket

By: Associated Press October 15, 2021 Saudi oil company Aramco recently hit the $ 2 trillion valuation the kingdom’s crown prince has long sought, supported by high oil prices and increased demand for energy as economies recover from pandemic lockdowns of Last year. Enter your username and password in the …

Read More »

Saudi Arabia accused of forcing Yemenis in the kingdom to quit their jobs | Saudi Arabia

Saudi Arabia is imposing a collective double punishment on the Yemeni people by driving them out of their jobs in the kingdom while continuing to impose an oil and humanitarian blockade on Yemen, the UN Security Council was told. Criticism from Riyadh came as evidence mounted that the Houthis were …

Read More »

Saudi Arabia’s quota policy for hiring local people has negatively impacted businesses, study finds

Aerial view of Saudi Arabia | Simon Dawson | Bloomberg Text size: A- A + NOTNationalization policies, and in particular Nitaqat, aim to increase Saudi employment in the private sector, which Saudi citizens have always avoided seeking or seeking better paying jobs with better working conditions in the public sector. …

Read More »

Worley wins refinery modernization project with Saudi Aramco

Engineering services giant Worley (ASX: WOR) has been awarded a refinery modernization contract with Saudi Aramco. The project will convert low-value refinery “tailings” into higher-value products, including gasoline, jet fuel and ultra-low sulfur diesel. Worley will provide initial engineering design (pre-FEED), FEED and project management services for the entire project …

Read More »

EPL news 2021, buyout of Newcastle United, Saudi Arabia, what wealth, new owners, transfers, latest news

Guess that’s how politicians feel? You are told what you should be thinking, how you should be thinking, when you should think it, and whatever choice you make, for many you are 100% wrong. Newcastle United is my football club. It’s my father, his father and his father. One step …

Read More »

Prime Minister Imran Khan likely to visit Saudi Arabia at Crown Prince ‘invitation’

ISLAMABAD: Prime Minister Imran Khan will likely visit Saudi Arabia at the invitation of Saudi Crown Prince Muhammed bin Salman to attend the Green Initiative Middle East conference, ARY NEWS reported. According to sources familiar with the development, Saudi Ambassador to Pakistan Nawaf Bin Said Al-Maliki extended an invitation from …

Read More »

Amnesty expresses human rights concerns as Saudi takeover of Newcastle looms

October 7 (Reuters) – Amnesty International on Thursday called on the Premier League to focus on human rights issues and ‘sportswashing’ as the proposed sale of Newcastle United to a consortium led by the Public Investment Fund (PIF) of Saudi Arabia was getting closer. The PIF – chaired by Saudi …

Read More »

Newcastle takeover: Saudi-funded offer expected to be successful in near future

The Saudi-funded consortium’s offer for Newcastle United is expected to be successful in the near future after the beIN Sport ban in the Gulf country is lifted. An 18-month-long takeover saga that has seen the club embroiled in legal disputes with the Premier League is now closer to a resolution …

Read More »

Saudi non-oil private sector growth reaches its highest level in 7 years

Saudi Gazette report RIYAD – According to a survey by the Information Processing Services (IHS) Market. IHS Markit is a global information provider. A purchasing managers index compiled by IHS Markit rose to 58.6 in September from 54.1 the previous month, the largest monthly point gain on record. The 4.5 …

Read More »

Malaysia harnesses economic, trans-fat-free benefits to spotlight the Middle East as a major new export market

Earlier this year, MPOC CEO Datuk, Dr Wan Zawawi Wan Ismail, previously revealed to us the council’s plans to diversify Malaysian palm oil export markets beyond its two main markets. current, China and India. “The current palm oil market has only two major exporters of palm oil – Indonesia takes …

Read More »

Saudi Arabia executes Shiite accused of links to “terrorist cell”

The file photo shows protesters mocking a Saudi execution process during a protest outside the kingdom. The Saudi authorities executed a citizen of the region of Qatif, in the eastern province of the kingdom, rich in oil and populated by Shiites, for alleged links with a “terrorist cell”. The Saudi …

Read More »

Oil and gas prices could remain high as investors seek clean energy

HOUSTON – Americans are spending a dollar more on a gallon of gasoline than they were a year ago. Natural gas prices have climbed more than 150% over the same period, threatening to increase the prices of food, chemicals, plastics and heating this winter. The energy system is suddenly in …

Read More »

Gulf economies explode in 2021

Last year, in the throes of the energy crisis, the Gulf countries led by Saudi Arabia have consistently touted the strength of their economies, claiming they could withstand any scale of shocks. But the truth is that most of the Gulf economies were in dire straits due to their excessive …

Read More »

ADNOC Drilling begins trading with a market cap of $ 10 billion

FILE PHOTO: Electronic signs displaying stock information are seen as an investor walking past the ADX Abu Dhabi Securities Exchange on May 16, 2012. REUTERS / Ben Job / File Photo DUBAI (Reuters) – Abu Dhabi National Oil Company (ADNOC) to list its drilling unit in a $ 1.1 billion …

Read More »

Reliance creates a subsidiary in the United Arab Emirates for the oil trade

MUMBAI (Reuters) – Reliance Industries said on Saturday it had established a wholly-owned subsidiary in the United Arab Emirates (UAE) to trade crude oil, petroleum, petrochemicals and agricultural commodities. Reliance International Ltd (RINL), the new subsidiary, has yet to start operations, the parent company said in an exchange document, adding …

Read More »

Saudi Aramco set to cut November PSOs amid falling demand and rising crude

Saudi Aramco and other Middle Eastern producers are expected to cut official selling prices, or OSPs, for crude loading in November due to weak supply and demand fundamentals leading to a sharp correction of Platts Dubai benchmark differentials in September, traders told S&P Global Platts. This month, a further reduction …

Read More »

Lower SAMA Bills and Pensions “Good Sign” for Saudi Economy, Says Leading Economist

RIYAD: The monthly statistical report produced by the Saudi Central Bank (SAMA) revealed a decrease in SAMA bills and repo agreements. This is a good sign according to Mohamad Ramady, a London-based independent economist, who said: “It means banks are investing more abroad. [of SAMA], instead of placing their excess …

Read More »

Saudi Arabia sees state coffers fill up next year due to soaring oil prices | Oil and Gas News

Saudi Arabia is raising its revenue forecast for next year as oil prices soar amid a global energy crisis. Through Vivian Nereim and Matthew MartinBloomberg Saudi Arabia has raised its revenue expectations for next year and plans to reduce its budget deficit to 1.6% of economic output as rising oil …

Read More »