Page 47 - Saudi Arabia

World Bank pauses publication of Doing Business Report over data issues

Speculations on India's recent rise in ranking, but the World Bank says countries affected appear to be Azerbaijan, China, Saudi Arabia and United Arab Emirates

Saudi Arabia's June oil exports down 55% yoy, a drop of $8.7 billion

The value of Saudi Arabia's June oil exports was down 55% year on year, a drop of $8.7 billion, official data showed on Wednesday.

Aramco sets up corporate development organisation to optimise portfolio

The organisation will be led by Senior Vice President Abdulaziz M. Al-Gudaimi and will start operations on September 13

Aramco suspends $10-bn China oil refinery venture as it plans capex cuts

Aramco plans deep cuts to its capital spending as it tries to maintain a $75-bn dividend amid low crude prices and rising debt

Pakistan denies report of rift with Saudi Arabia over Kashmir issue

Foreign Office Spokesman Zahid Hafeez Chaudhri said Pakistan and Saudi Arabia have strong economic, political, security and military cooperation at all levels

Pak Army chief meets Saudi counterpart in attempt to smoothen strained ties

The meeting comes after the decade-long friendship between both countries took a sharp turn when Pakistan Foreign Minister Shah Mehmood Qureshi issued a blunt warning to Saudi Arabia

Pakistani Army chief visits Saudi Arabia to discuss bilateral ties

The details of their engagements in Saudi Arabia have not been released, but the two are expected to hold high-level meetings to iron out misgivings

China grants country's 1st Covid-19 vaccine patent to domestic firm: Report

The paper cited documents published by China's National Intellectual Property Administration saying that the patent was issued on August 11

Saudi Arabia's inflation rate surged to 6.1% in July on VAT hike

Consumer prices rose an annual 6.1% in July from 0.5% in June, data released by the General Authority for Statistics showed on Sunday

Pak denies rift with Saudi Arabia, says visit of Army chief pre-planned

Army spokesman Major General Babar Iftikhar addressed the media in Rawalpindi where he was asked about a media report that General Bajwa was going to Riyadh to fix some irritants in bilateral ties

Mike Pompeo acted properly in approving arms sale to Saudi: Report

The report concluded that the law grants the secretary the discretion to decide what constitutes an emergency, something three previous administrations have done with respect to arms sales to Saudi

Saudi Aramco says it still plans to pay $75 billion in dividends for 2020

Payouts to minority shareholders as pledged are protected for five years

Saudi Aramco's profit falls 73%; sticks with dividend despite debt surge

The results cap a turbulent period for the world's biggest oil exporter. Prices briefly turned negative in the US in April as the virus battered the global economy and Aramco slashed hundreds of jobs

Saudi Arabia turns off oil tap for Pakistan over deferred payments

The development comes at a time when Pakistan faces a challenging situation as its IMF programme also remains technically suspended for the past five months

Federal suit filed against Saudi crown prince by former official

The lawsuit filed by Saad Aljabri is the latest effort by the former intelligence official to try and bring about international and public pressure on the crown prince

Saudi Arabia announces readiness for Haj season amid Covid-19 pandemic

The Saudi Interior Ministry announced the Kingdom's readiness for the upcoming Haj season amid the Covid-19 pandemic

Crude oil prices ease after Opec+ agrees to relax output curbs next month

Futures in New York dropped below $41 a barrel, though the more global Brent benchmark's structure firmed on signs of tightness in physical markets.

SpiceJet operating 25 repatriation flights from UAE, Saudi Arabia and Oman

In a press release, the airline said it will help bring back close to 4,500 Indians stranded in the UAE, Saudi Arabia and Oman due to the coronavirus-induced lockdown.

SoftBank has no plan to improve board oversight of Vision Fund: Report

SoftBank has pushed back against creating such a committee, with executives arguing investments already vetted by top management and $3-5 billion deals put to the large limited partners

India's May oil imports hit lowest since 2011 over drop in demand: Report

In May, India imported 3.18 million barrels per day (bpd) of oil, a decline of about 31% from April and about 26% from a year ago, the data showed