The increase was less than many analysts expected, with the cartel seeking to avoid pressuring prices amid weak demand. OPEC+ expects global oil demand to increase by 1.3 million barrels a day in 2025.
Tadawul in deal with SIX Group
The two will deal in Exchange products like cross listing & facilitate investors.
Oman ruler visits Saudi Arabia in his first official overseas trip
Oman’s ruler Sultan Haitham bin Tariq al-Said visited Saudi Arabia on Sunday on his first official overseas trip since assuming power last year.
Saudi lawsuits threaten to expose US govt secrets
Legal battle between MBS and Aljabri takes a new twist Washington is likely to consider a rare judicial intervention Two lawsuits pitting Crown Prince Mohammed bin Salman (MBS) against former intelligence czar Saad Aljabri threaten to expose highly sensitive US government secrets, prompting Washington to consider a rare judicial intervention,...
Fuelling troubles: Row puts Gulf powers on diverging paths
A public row between Saudi Arabia and the UAE has exposed the steadily diverging paths of once inseparable allies who are competing to profit from what may be the world's last oil boom. Wrinkles in relationships between the Gulf states are usually resolved behind palace walls, but a fiery debate...
Saudi suspends UAE flights due to virus variant
Saudi Arabia has suspended flights to three countries, including the neighbouring United Arab Emirates, to protect against a coronavirus variant, the interior ministry said Saturday. The move comes seven weeks after the oil-rich kingdom permitted fully immunised citizens to travel abroad, after a ban on foreign trips that lasted more...
Saudi Arabia wants to be first trading partner of Egypt
There are 6,285 Saudi companies operating in Egypt with investments exceeding $30 billion More than 518 Egyptian companies operate in the Saudi markets Saudi Arabia aims to be the first trading partner of Egypt for the next five years, local reports on Monday, June 14, quoted the former’s Minister of...Saudi Aramco unveils first dollar sukuk bond
The bonds will be issued in three tranches The deal will consist of three, five and ten year tranches Saudi Aramco has unveiled its first US. dollar-denominated sukuk bond on Wednesday, which will be issued in three tranches, Reuters reported. The deal will consist of three, five and ten...
