Imports of Russian oil to China have risen 55% over the past year, according to data from the Chinese General Administration of Customs.
Russia leapfrogs Saudi Arabia as China’s biggest oil supplier—with some help from massive discounts
Russia became China’s biggest oil supplier in May, despite Western efforts to curb purchases of Russian energy in the wake of the invasion of Ukraine.
Saudi Arabia’s Alhokair family to buy minority stake in Egypt’s valU for $12.4m
FinTech platform valU has entered into an agreement to sell a minority stake to Saudi Arabia’s Alhokair family for $12.4 million. Fawaz Alhokair, Salman Alhokair and Abdul Majeed Alhokair will acquire …
PM calls for roadmap to enhance Pakistan, Saudi Arabia economic ties
Prime Minister Shehbaz Sharif Monday said it was an opportune time for Saudi Arabia and Pakistan to forge a roadmap for enhancing …
Live news updates: Russia replaces Saudi Arabia as China’s biggest crude oil supplier
Russia replaced Saudi Arabia as China’s biggest supplier of crude oil in … helped it recover from a collapse in events during the Covid-19 pandemic. Its finance chief Wendy Pallot said in October …
Investcorp appoints MD for Private Wealth in Saudi Arabia
We are delighted to welcome Mashaal, who brings with him over 20 years of experience in investment banking. His deep knowledge and understanding of Saudi Arabia’s market, which is a key market for …
Israeli entrepreneur sees ‘incredible potential’ for business with Saudi Arabia after visit
An Israeli entrepreneur who was recently in Saudi Arabia said there is “incredible potential” for business between the two countries, Israeli newspaper Ynet reported on Sunday. Eyal Waldman said …
KSA: Saudi Arabian Stocks Still Offer Good Potential Returns In 2022
KSA invests in Saudi Arabian stocks. The fund has pulled back off its highs this year, in line with the global equity market rout that has affected most equity funds. Read more on KSA here.
Russia energy exports to China soar, displacing Saudi Arabia as Beijing’s top supplier
Russia has overtaken Saudi Arabia as China’s top importer of crude oil as its … CLICK HERE TO GET THE FOX BUSINESS APP Overall crude demand in China has been dampened by COVID-19 curbs and a …
Iran says ‘too early’ to talk of Tehran, Riyadh reopening embassies
It would be premature to speak of Iran and Saudi Arabia reopening embassies in each other’s capitals, Iran’s foreign ministry spokesperson said on Monday, after five rounds of talks since last year …