Saudi Arabia is still dependent on oil revenues, so weak crude prices may make it harder to fund its ambitious ventures such as The Line in Neom.
Oil prices are sliding. That’s a problem for Saudi Arabia and its Neom megaprojects.
Saudi Arabia is still dependent on oil revenues, so weak crude prices may make it harder to fund its ambitious ventures such as The Line in Neom.
Analysis-How the oil price plunge complicates Saudi Arabia’s economic agenda
Saudi Arabia, with its wealth linked inextricably to oil revenue, faces mounting pressure to raise debt or cut spending after a plunge in crude prices, complicating plans to fund an ambitious agenda …
Oil sinks further amid tariff turmoil as Saudi Arabia slashes prices
Additionally, over the weekend, Saudi Arabia c ut its crude export prices to its Asian buyers by $2.30 per barrel for May, just days after the Organization of Petroleum Exporting Countries and its …
Oil sinks further amid tariff turmoil as Saudi Arabia slashes prices
Additionally, over the weekend, Saudi Arabia c ut its crude export prices to its Asian buyers by $2.30 per barrel for May, just days after the Organization of Petroleum Exporting Countries and its …
Saudi Arabia Concludes Third IMFC Deputies Meeting
Asharq Al Awsat The Kingdom of Saudi Arabia concluded the third deputies meeting for the International Monetary Fund’s (IMF) International Monetary and Financial Committee (IMFC), which was held under …
Visa freeze: Saudi Arabia suspends entry for 14 nations
Saudi Arabia has temporarily suspended the issuance of Umrah, business, and family visit visas for citizens of 14 countries. According to a report in the Times of India, the ban will be in effect …
Azerbaijan, Saudi Arabia’s ACWA Power explore seawater desalination project and new joint initiatives
Azerbaijan is deepening its cooperation with Saudi Arabia’s leading energy company, ACWA Power, through discussions focused on a seawater desalination project, experience sharing, and future joint …
Seeking to punish cheaters, Saudi Arabia pushes OPEC+ to open oil taps
Saudi Arabia’s anger at Kazakhstan and other over producing nations was the key driver behind a shock decision by the OPEC+ oil group to open taps on Thursday and might not be reversed even if oil …
Seeking to punish cheaters, Saudi Arabia pushes OPEC+ to open oil taps
Saudi Arabia’s anger at Kazakhstan and other over producing nations was the key driver behind a shock decision by the OPEC+ oil group to open taps on Thursday and might not be reversed even if oil …