Page 30 - Saudi Arabia

Saudi Arabia expecting 1 million devotees in largest hajj since Covid

One mil Muslim pilgrims were converging on Saudi Arabia's holy city of Mecca on Wednesday for the largest hajj since the coronavirus pandemic severely curtailed access to one of Islam's five pillars.

UAE, Saudi can barely raise oil output, Macron tells Biden at G7 summit

Brent oil prices jumped by over $2 per barrel to above $115 per barrel on the news amid tight global supplies and rising demand

Alwaleed bin Talal: The Saudi investment king who no longer rules alone

For years, Saudi Arabia's self-styled Warren Buffett, has made hundreds of millions of dollars by investing in companies from Citigroup to Uber to Twitter with almost complete autonomy

Biden to visit Israel and Saudi Arabia next month, meet Prince Salman

Biden plans to meet with the Crown Prince Mohammed bin Salman, the de facto ruler of the kingdom, according to a senior administration official who briefed reporters on the condition of anonymity.

Saudi Arabia cuts oil flows to China while meeting other requests

State-run marketer Saudi Aramco typically doesn't provide buyers with a reason why volumes are cut

Saudi Wealth Fund makes second $1 bn bet on Swedish gaming

The Public Investment Fund's Savvy Gaming Group will become the second largest owner in Embracer Group AB after acquiring almost 100 million shares in the Karlstad-based company

Saudi Arabia approves Haj security plan, says expecting 1 mn pilgrims

Saudi Arabia has approved the general security plan for the upcoming Haj season

Oil tops $120 a barrel on Saudi raising prices despite OPEC+ deal

US West Texas Intermediate (WTI) crude futures rose 8 cents, or 0.1%, to $118.95 a barrel after hitting a three-month high of $120.99. The benchmark fell by $1 earlier in the session.

Dial down rhetoric

BJP must demand greater responsibility from its members

Saudi, Bahrain and Afghanistan condemn controversial remarks of BJP leader

General Presidency for Affairs of the Grand Mosque in Mecca and the Prophet's Mosque in Medina on Monday condemned the "insulting statements" made by BJP leaders against the Prophet

Brent climbs over $120 per barrel after Saudi Arabia raises crude prices

. Brent crude firmed 68 cents, or 0.6%, to $120.40 a barrel at 0640 GMT after touching an intraday high of $121.95

Gulf nations summon Indian envoys over BJP members' controversial remarks

Several countries in the gulf region summoned Indian Ambassadors and expressed their strong protest against the controversial remarks made by Nupur Sharma against Prophet Mohammad

Saudi Arabia condemns controversial remarks of BJP leader against Prophet

Saudi Arabia on Monday In a statement, the Ministry of Foreign Affairs expressed its condemnation and denunciation of the statements made by the BJP spokesperson, saying it insulted Prophet Mohammed.

Oil prices jump in early trade after Saudi Arabia hikes crude prices

Oil prices rose more than $2 in early trade after Saudi Arabia raised prices sharply for its crude sales in July

Saudi Arabia raise oil prices more than expected amid Asia rebound

The increase for July shipments resumes a streak of hikes that started in February and was only broken when state producer Saudi Aramco cut prices from record levels for this month

Joe Biden affirms human rights commitment as he warms to Saudis

Biden said he hasn't changed his views on human rights despite his admin's praise of Saudi Arabia which he'd pledged to make a pariah over its abuses for getting oil producers to step up production

OPEC+ brings forward oil output rises as Joe Biden's Saudi visit looms

US President Biden's looming visit to Saudi Arabia seen as trigger for decision

China agrees to refinance Pakistan with $2.3-bn funding: FM Ismail

"Inflow is expected shortly after some routine approvals from both sides. This will help shore up our foreign exchange reserves," he added.

Oil little changed after OPEC-plus agrees to boost output by 648,000 bpd

Oil prices could get more support later on Thursday if analysts' forecasts are correct that US crude inventories declined by around 1.4 million barrels last week

World shares steady as oil drops on Saudi Arabia's talk of output boost

Derivative markets pointed to a positive start later in the United States following losses on Wednesday when economic data failed to ease angst over rate hikes to fight inflation.