Saudi oil

Saudi Arabia’s non-oil revenues increase 31% to SR 116 billion in second quarter

Saudi Gazette report RIYAD – Saudi Arabia’s non-oil revenues increased 31%, reaching SR 116 billion in the second quarter of 2021. According to the budget review report released by the Ministry of Finance, the growth in oil revenues stood at 13%, reaching SR 132 billion during the same period. . …

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Saudi economy returns to growth after pandemic crisis

Saudi Arabia’s economy grew for the first time since the coronavirus pandemic in the second quarter, fueled by 10.1% growth in the non-oil sector, the government flash estimates on Monday. The data, which showed economic growth of 1.5% from a year ago, prompted economists to expect faster expansion in the …

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‘Low point’ in World Heritage Committee history as politics ‘trampled’ on human rights of the Karen people | Great Barrier Reef

Along Thailand’s border with Myanmar, in rich forests filled with rare plants and animals, the indigenous Karen people are fighting for the right to live on their traditional lands. Last month, the UN human rights agency said the Karens continued to be forcibly evicted from the forests of Kaeng Krachan. …

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Saudi oil challenged in Asia by coronavirus and cheaper alternatives

By Sharon cho on 8/6/2021 (Bloomberg) – Saudi Arabia’s decision to increase the cost of its oil in Asia could backfire, as an outbreak of the delta virus variant in China dampens demand, while the United States and the Russia offer alternatives at more competitive prices. Saudi Aramco has increased …

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Aramco in Saudi Arabia increases Asia, US oil prices indicate increased demand

Saudi Arabia raised oil prices for buyers in Asia and the United States for September, a sign that the world’s largest crude exporter sees demand continue to recover despite an increase in coronavirus cases in some of the major energy importers from the world. OPEC +, the Saudi-Russian-led group of …

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MIDEAST STOCKS Major Gulf stock exchanges mixed at the start of trading

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 / File Photo Aug 3 (Reuters) – Major Gulf stock markets were mixed at the start of trading on Tuesday, with the Saudi index …

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Marsh launches Engineering Hub in Saudi Arabia, 3rd in MENA region

The Saudi city of Al Khobar is now home to Marsh’s third engineering center in the Middle East, aimed at helping regional energy companies manage risk. Oil industry expert Nick Holland takes charge of the new installation. Marsh Engineering Centers support energy, power and commercial real estate customers with personalized, …

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Saudis’ Motiva considers revival of multibillion-dollar plastics plan

Motiva Enterprises LLC plans to relaunch a multibillion-dollar expansion project at its Texas Gulf Coast refinery in 2023 that would produce petrochemicals used to make everything from plastic water bottles to bags grocery store. Engineering and excavation work had already been carried out before the project was shut down nearly …

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Saudi Arabia Construction Market Report 2021: Key Trends and Opportunities to 2025, Q2 2021 Update – ResearchAndMarkets.com

DUBLIN – (COMMERCIAL THREAD)–The “Construction in Saudi Arabia – Key Trends and Opportunities to 2025 (Q2 2021)” report was added to ResearchAndMarkets.com offer. The construction industry in Saudi Arabia is expected to recover in 2021, growing 2.9% in 2021, after contracting 0.4% in 2020. The industry is expected to continue …

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ICE Brent up 1.5% after Saudi Arabia reports no price wars

Saudi Aramco on Tuesday raised its official selling price of light Arab crude to Asian buyers by 80 cents per barrel (barrel), the largest monthly increase since January. Buyers in the United States will see smaller increases next month, with prices rising between 20 cents and 40 cents a barrel. …

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