DAMMAM — The Arab Petroleum Investments Corporation (APICORP), a multilateral development financial institution, announced Tuesday that it has provided $40 million in financing to the Kingdom of Saudi …
Canada doubles weapons sales to Saudi Arabia despite moratorium
Canada sells nearly C$3bn of military equipment in 2019 despite ban on new exports over human rights concerns …
Asian Crude Oil Buyers Shocked by Saudi Arabia’s Price Hike
Saudi Arabia’s steep hikes to its crude prices for July have shocked some Asian refiners even as the region leads a rebound in global energy consumption following coronavirus lockdowns.Aramco’s price …
Coronavirus: Saudi Arabia’s economy shows strengths despite COVID-19, say experts
Saudi Arabia’s economy was negatively impacted by the COVID-19 pandemic, but experts voiced their optimism and highlighted the silver linings throughout the nearly three-month-old crisis on Monday. As …
The Saudi-Russia oil price war was a ‘very big mistake,’ Qatar energy minister says
The call to open the taps on oil production pulled the floor from under the market as Saudi Arabia slashed its selling prices and increased production after Russia refused to join its plan to further …
Ali Allawi: Iraq must cut red tape to do business with Gulf
The finance minister, who visited Saudi Arabia and Kuwait last month, said he avoided discussing Iraq’s need for financing to plug a huge budget deficit expected this year. He said he focused instead …
Saudi Arabia to End Extra Voluntary Oil Cuts After June
(Bloomberg) — Saudi Arabia’s extra voluntary oil-production cut, which came on top of the OPEC+ supply curbs, will cease at the end of this month as demand recovers. Crude prices erased gains as …
Coronavirus Watch in Mideast: COVID-19 cases exceed 170,000 in Iran, Turkey; Saudi Arabia’s tally surpasses 100,000
A customer tries on a specially-designed wedding gown with a mask in Ankara, Turkey, on June 6, 2020. (Xinhua/Mustafa Kaya) — Iran’s COVID-19 cases rise to 171,789 with 2,364 new cases; — Turkey’s …
Saudi Arabia to keep buying arms despite economic crisis
When Saudi Arabia unveiled tough austerity measures last month few areas of government spending were expected to be untouched. But in one sector — defence — the message to industry executives was …
Saudi Arabia to work out peace deal with Qatar over TV rights in a bid to save Newcastle takeover
The station complained that a pirate operator in Saudi Arabia has infringed their commercial rights by simulcasting their stream to broadcast to homes throughout the Kingdom.