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.
Bahrain allows all flights use of airspace to and from UAE
Though Manama’s announcement did not specify Israel, it follows a similar statement by Saudi Arabia on the heels of the the recent treaty between Jerusalem and Abu Dhabi.
Three sentenced to death in Saudi Arabia over terrorism charges
Six others sentenced to different jail terms for being members of a terrorist cell Dubai: Saudi Arabia’s Criminal Court handed out a death penalty to three members of a terrorist cell for their …
Saudi Oil Volumes to US Could Stay Low
Less crude oil produced in Saudi Arabia appears to be reaching the United States, and the trend shows no sign of abating. That was one of the key themes popular among Rigzone’s downstream readership …
Consolidation of the Saudi financial sector in the post-coronavirus era
The financial sector in Saudi Arabia has four segments — banks, insurance companies, finance companies, and authorized persons (APs). The Saudi Arabian Monetary Authority (SAMA) supervises the …