The world’s top oil exporter Saudi Arabia cut the October official selling price for light crude it sells to Asia by the biggest margin since May.
Israel-UAE deal: Saudi Arabia’s King Salman presses Trump for a ‘fair’ Palestinian solution
King’s comments come days after the kingdom said it would permit flights between the UAE and Israel to use its airspace …
Trump Welcomes Opening of Saudi Airspace to Israel-UAE Flights
U.S. President Donald Trump told Saudi Arabia’s King Salman in a phone call that he welcomed the opening of Saudi airspace to flights between Israel and the United Arab Emirates and discussed ways to …
Oil skids after Saudi price cuts, demand optimism fades
Oil prices dropped more than 1% on Monday after earlier hitting their lowest since July as Saudi Arabia made the deepest monthly price cuts for supply to Asia in five months while optimism about …
Shares of 26 stock market listed firms in Saudi Arabia rise by 100% in a year
Meanwhile, the shares of Al-Lujain Companies rose by 161.35 percent and Halawani Brothers by 153.93 percent, followed by MIS by 151.63 percent, then “Saudi Fisheries” by 149.31 percent. Abu Moati’s …
Oil drops more than $1 after Saudi price cuts, demand optimism fades
Oil prices dropped more than $1 a barrel on Monday, hitting their lowest since July, after Saudi Arabia made the deepest monthly price cuts for supply to Asia in five months as optimism about demand …
Oil Extends Retreat Below $40 as Saudi Arabia Slashes Prices
Oil extended its slide below $40 a barrel after Saudi Arabia cut its pricing for oil sales in October, a sign that the world’s biggest exporter sees fuel demand wavering amid more coronavirus …
Saudi-Led coalition destroys explosive-laden drone launched by Yemen’s Houthis – SPA
The Saudi-led coalition fighting in Yemen on Sunday intercepted and destroyed an explosive-laden drone over Yemeni airspace fired by Iran-aligned Houthis towards Saudi Arabia, Saudi state news agency …
Is Saudi Arabia’s Ambitious Vision 2030 Plan Dead?
Saudi Arabia’s ultra-ambitious Vision 2030 plan is looking increasingly difficult to achieve as the oil price war and COVID-19 have taken a serious toll on the Kingdom’s finances …
Will Saudi Arabia Be Next To Normalize Relations with Israel?
Riyadh will benefit from Abu Dhabi’s boldness as a trailblazer. It will have the chance to gauge how the region and the Arab world react.