Page 32 - Saudi Arabia

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.

As gas prices soar, President Biden leans toward visiting Saudi Arabia

President Joe Biden is leaning towards making a visit to Saudi Arabia a trip that would likely bring him face-to-face with the Saudi crown prince he once shunned as a killer.

Saudi Arabia is planning the largest buildings ever constructed at $500 bn

Neom, the brainchild of Saudi Crown Prince and de facto ruler Mohammed bin Salman, aims to build twin skyscrapers about 500 meters (1,640 feet) tall

Saudi Arabia bans travel to 15 nations, including India amid Covid surge

Saudi Arabia has banned citizens from travelling to 16 countries, including India, over the Covid-19 situation in those nations, the media reported

Saudi wealth fund takes $1.5 billion stake in Prince Alwaleed's firm

The Public Investment Fund acquired a 16.9 per cent stake in Kingdom Holding for 9.09 riyals a share, according to a statement on Sunday

Biden weighs meeting Saudi Crown Prince next month in sign of thawing

A spokeswoman for the White House National Security Council said they have no travel to announce at this time.

Saudi wealth fund takes 5% Nintendo stake, adds to video games push

The investment in the Kyoto-based group company was made for investment purposes, a filing said.

Saudi Aramco profit soars 82% on high oil prices in first quarter

State-controlled Aramco made net income of $39.5 billion, up 82 per cent from a year earlier, when global energy demand was still severely suppressed by the coronavirus pandemic

Jaishankar speaks to Saudi foreign minister Prince Faisal bin Farhan

Jaishankar said the Ukraine conflict and its political, energy and economic fallout figured in the conversation

Saudi Arabia announces initiative to support civil aviation sector

Saudi Arabia's authority of civil aviation has announced its initiative to prepare a framework that would make international travelling easier

Octogenarian Saudi king admitted to hospital for colonoscopy, asked to rest

King Salman's health is closely watched because he holds absolute power in the kingdom.

Saudis cut oil prices from record highs amid Covid-19 lockdowns in China

Saudi Aramco is lowering prices for the first time in four months

Pakistan urges Saudi not to withdraw deposits, wants oil facility extended

Pakistan has requested Saudi Arabia not to withdraw its deposits given to its central bank and extend its oil facility for the cash-strapped country.

Indian-origin bizman helps banks open remote branches for $150

The start-up has acquired more than 30 client banks and financial institutions across Africa and Southeast Asia

Erdogan pushes limit with US, NATO; tries mending ties with S Arabia, UAE

In the war between Russia and Ukraine, as Turkey maintains good relations with both countries, Erdogan is trying a delicate balancing act

Cash-strapped Pakistan gets $8 bn in financial support from Saudi Arabia

Saudi Arabia has agreed to provide Pakistan with a "sizeable package" of around $8 billion to help the cash-starved country bolster dwindling forex reserves and revive its ailing economy

Turkey and Saudi Arabia to revive great economic potential, Erdogan says

Erdogan said the sides were determined to accelerate efforts for the common interests and stability of the region

Five Pakistanis arrested for insulting Shehbaz Sharif's delegation in Saudi

On Thursday, some protesters, allegedly belonging to the Pakistan Tehreek-e-Insaf (PTI), violated the sanctity of the Masjid-e-Nabawi by loudly chanting slogans against PM Sharif's delegation

Turkey prez Recep Tayyip Erdogan visits Saudi Arabia to mend strained ties

Erdogan said his talks in Jiddah will focus on ways to increase cooperation but also discuss regional and international developments