June 5 (Reuters) – AviLease, a jet lessor owned by Saudi Arabia’s Public Investment Fund (PIF), is said to be in advanced talks to buy Standard Chartered’s (STAN.L) aviation finance business in a deal which could be valued at 3.5 billion euros ($3.75 …
Oil price up as Saudi Arabia pledges output cuts; UK mortgage rates rising – business live
Rolling coverage of the latest economic financial news …
Iran to reopen its embassy in Riyadh on Tuesday – Fars news
Iran will reopen its embassy in Saudi Arabia’s capital on Tuesday, Iranian sources told semi-official Fars news agency, months after Tehran and Riyadh agreed to end years of hostility.
Iran to reopen its diplomatic missions in Saudi Arabia after a 7-year rift, state-run media say
The Iranian foreign ministry’s spokesman says his country will reopen its diplomatic missions in Saudi Arabia this week, restoring diplomatic ties after a seven-year rift …
Saudi Arabia’s National Development Fund disburses over $8bn in financing
provided oil derivatives $1bn in financial aid to Pakistan and agreed to provide $80m to finance the expansion of the University of the West Indies in Antigua and Barbuda. Saudi Arabia signed an MoU …
FirstFT: Saudi Arabia pledges oil cuts of 1mn barrels a day
Saudi Arabia will cut oil production by 1mn barrels a day to boost oil prices, the country announced after a meeting of the Opec+ group of producers in Vienna on Sunday.
Saudi Arabia Says It Will Cut Production to Stem a Slide in Oil Prices
OPEC Plus, the group of major oil producers, said it would continue its recent cuts in output, but Saudi Arabia said it would cut further for at least a month.
Saudi Arabia is cutting oil production in move that could push U.S. gas prices higher
FRANKFURT, Germany (AP) — Saudi Arabia will reduce how much oil it sends to the global economy, taking a unilateral step to prop up the sagging price of crude after two previous cuts to supply by …
Saudi Arabia cuts production to boost oil prices
Russia is in fact reluctant to further tighten the valves on its black gold – the windfall it uses to finance its military offensive against … etc.). “On the other hand, Saudi Arabia needs higher …
Italy ends Yemen-linked embargo on arms sales to Saudi Arabia
Italy has lifted an embargo on arms sales to Saudi Arabia, the government said in a statement following a Cabinet meeting on Wednesday.