RIYADH (Reuters) – Saudi Arabia will enforce a 24-hour curfew across the kingdom during a 5-day holiday to celebrate Muslim Eid al-Fitr which marks the end of the holy month of Ramadan, the interior …
Saudi Arabia’s oil cuts were ‘not expected,’ says strategist
It looks like Saudi Arabia is trying to give “a shot of adrenaline” to the oil market to get prices higher, says Helima Croft, RBC Capital Markets’ managing director and global head of commodity …
UAE to cut oil output by 100,000bpd in June
The UAE will voluntarily cut its oil output by 100,000 barrels per day in June in a bid to back Saudi Arabia’s efforts to rebalance the world oil market, said Suhail bin Mohammed Faraj Faris Al …
Oil prices climb as Saudi Arabia pledges further production cut
Oil futures rose on Tuesday, boosted by an unexpected commitment from Saudi Arabia to deepen production cuts in June to help drain the glut in the global market that has grown as the coronavirus …
Oil drops more than 2% despite Saudi Arabia announcing plans to slash output
Saudi Arabia will cut output by an additional 1 million bpd, which combined with the cuts agreed to by OPEC and its oil-producing allies, brings Saudi Arabia’s …
UAE to reduce oil output by 100,000 bpd in June: Energy minister
The UAE will voluntarily cut its oil output by 100,000 barrels per day in June in a bid to back Saudi Arabia’s efforts to rebalance the world oil market, Suhail bin Mohammed Faraj Faris Al Mazrouei, …
UAE backs Saudi with plans to cut oil production by 100,000 bpd in June
The UAE is to voluntarily cut its oil output by 100,000 barrels per day in June in a show of solidarity with neighbours Saudi Arabia. The kingdom announced on Monday plans to cut its oil production …
UAE, Bahrain unlikely to follow Saudi in hiking VAT: Experts
Provided by Khaleej Times UAE, Bahrain unlikely to follow Saudi in hiking VAT: Experts . The UAE and Bahrain are unlikely to follow Saudi Arabia in increasing value-added tax ( …
No plans by the UAE to increase VAT, reports
The UAE has no plans to follow Saudi Arabia by increasing VAT, according to the country’s Ministry of Finance. On Monday the kingdom announced a range of austerity measures as the country battles …
UAE rules out any change in VAT rate after Saudi hikes it to 15%
Al Arabiya TV also reported that the UAE has no plans to increase VAT. In a surprise move on Monday, Saudi Arabia increased VAT threefold to 15 per cent and also suspended the cost of living allowance …