OPEC+ leader Saudi Arabia has several options if the group meets as planned this weekend — each posing its own hazards. Crude traders expect the nation will choose the most straightforward path: …
Oil prices tumble as OPEC+ pushes back key meeting and Saudi Arabia grows frustrated
Oil prices tumbled on Wednesday as OPEC+ delayed its weekend meeting to November 30. Both West Texas Intermediate and Brent crude dropped about 4%. Saudi Arabia expressed dissatisfaction with other …
First Saudi-Africa summit: off to a rocky start?
On 10 November, the maiden Saudi Arabia-Africa summit was hosted in Riyadh – the latest in a growing list of ‘Africa+1’ summits. The gathering presented an opportunity to strengthen relations between …
Oil-rich Saudi Arabia is shelling out for the world’s top sports, but can Mohammed bin Salman buy himself an auto industry?
With Hyundai and tire maker Pirelli setting up plants, the ruler has already struck key deals, but experts doubt the investments are self-sustaining.
Why China & Saudi Arabia Have Signed A $6.9 Billion Currency Swap Deal
Saudi Arabia is the world’s largest oil exporter and a pillar … Also, Argentina recently said it would leverage a swap line to finance imports from China, responding to financial challenges linked …
CBRE names new consulting head to boost Saudi operations
Global real estate advisor CBRE has announced the appointment of Elias Bou Habib as Head of Consulting – Saudi Arabia as part of its continued strategic development in the Kingdom of Saudi Arabia (KSA …
Iran’s UN envoy: US military boost leaves it ‘exposed’ to attacks, Saudi-Israel normalization derailed by war
Saeid Iravani told Al-Monitor that Saudi Arabia’s normalizing relations with Israel in the foreseeable future has reached an impasse following war in Gaza.
China hosts major meeting with Saudi Arabia, Egypt, Jordan, Palestinian diplomats to discuss Israel-Hamas war
China welcomed Middle Eastern officials including ministers from Saudi Arabia, Egypt, Jordan and the Palestinian Authority, to discuss the war in Gaza.
China and Saudi Arabia sign a $7 billion currency swap agreement, adding to de-dollarization push
The agreement marks the latest move to boost internationalization of the yuan in global finance in an attempt to dethrone the dollar.
China and Saudi Arabia sign currency swap accord to foster bilateral commerce, giving a boost to the yuan’s globalisation
The agreement with SAMA is the 30th swap signed by the PBOC over the past decade, as the PBOC picked up the pace of the yuan’s worldwide usage.