Saudi Arabia priced its lighter crudes at more expensive levels than its heavier grades in most regions, another sign that gasoline is leading the way as the global economy recovers from the …
Saudi Arabia’s Tax Gamble
The price of oil nearly quadrupled, causing gas shortages that hit Americans badly, while leaving countries such as Saudi Arabia so rich that they dismantled their tax bureaucracies. In the following …
Canada’s weapons sales to Saudi Arabia hit record
Canada sold a record amount of military hardware to Saudi Arabia last year despite a ban on new export permits after the murder of the journalist Jamal Khashoggi.The revelation is likely to put …
Saudi Arabia’s crown prince needs to learn some difficult economic lessons
Mohammed bin Salman needs to undo some of the damage he has himself wrought, and to avoid repeating his mistakes, to put Saudi Arabia back on track.
APICORP offers $40mln as finance for first ISTP in Saudi Arabia
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 …