Page 48 - Saudi Arabia

Saudi offers $6 trn investment opportunities over next decade: Crown Prince

Saudi Crown Prince Mohammed bin Salman said the kingdom offers investment opportunities worth $6 trillion over the next decade, with new projects representing half of this value

Saudi Aramco cuts February crude supply to some Asian refiners, sources say

Saudi Arabia has cut supplies of February-loading crude by 10% for at least two Asian buyers while meeting requirements of at least three others, several refinery and trade sources said

IT major TCS to acquire General Electric's stake in TCS Saudi Arabia

IT major Tata Consultancy Services (TCS) on Tuesday said it will acquire GE's stake in Tata Consultancy Services Saudi Arabia for $12,471

Saudi Arabia's Crown Prince plans car-free city for future beyond oil

A news release described The Line as a walkable "belt of hyper-connected future communities, without cars and roads and built around nature."

Saudi Arabia, Qatar to restart direct flights after three years from Monday

This comes after Qatar and Saudi Arabia reopened their land border on Saturday, as they restore ties following a landmark deal to end a three and a half year rift

Oil rises to 11-month high, logs weekly gain on Saudi output cut

Brent crude settled at $55.99 a barrel, climbing $1.61, or 3%, on the day and 8.1% on the week

Oil hits 11-month highs on Saudi output cut pledge, equities rally

The move caps a stellar few months for the oil market, with crude emerging as a favored play to bet on coronavirus vaccines and global reflation

Oil prices hit 11-month high on Saudi cuts, shrugs off US political turmoil

Oil prices settled higher, hitting 11-month peaks, as markets remained focused on Saudi's unexpected pledge to deepen its oil cuts and firmer equities, shrugging off political turmoil in the US

Oil hits 11-month high on Saudi cuts, shrugs off US Capitol unrest

Brent crude rose 18 cents to $54.48 a barrel by 1:32 p.m. EST (1832 GMT) after touching $54.90, a high not seen since before the first Covid-19 lockdowns in the West

Saudi's surprise output cut to lift Brent to $60 a barrel by mid-year: UBS

UBS expects Brent to trade at $63 per barrel in the second half of 2021

Oil near 10-month high after Saudi Arabia's unilateral supply cut

Futures in New York rose 0.2 per cent, but gave up some earlier gains after failing to rise above the lows set in June 2019, a level seen as providing technical resistance

Oil hits 11-month high after Saudi Arabia pledges voluntary output cut

Oil prices rose on Wednesday to highest since February 2020 after Saudi Arabia agreed to reduce output more than expected in a meeting with allied producers

Brent oil rises to highest since February after Saudi Arabia output cut

Brent oil prices rose to the highest since February after Saudi Arabia agreed to make bigger cuts in output than expected during a meeting with allied producers

Saudi pledges voluntary oil output cuts in Feb-March as part of OPEC+ deal

Saudi Arabia pledged additional, voluntary oil output cuts of one million barrels per day (bpd) in February and March as part of a deal under which most OPEC+ producers will hold production steady

With a warm hug, Saudi and Qatari leaders agree to open borders

The decision to open land, air and sea borders came just ahead of a summit of regional leaders in Saudi Arabia on Tuesday

Saudi Crown Prince expects upcoming GCC summit to reconcile Gulf Monarchies

The GCC summit will promote peace and unity, Saudi Arabia's Crown Prince Mohammed bin Salman said

OPEC+ deadlocked over raising oil output, to resume talks on Tuesday

OPEC+ will resume talks after reaching a deadlock over February oil output levels as Saudi argued against pumping more due to new lockdowns while Russia led calls for higher production

Saudi Arabia to lift Qatar embargo, open airspace and land border

Saudi Arabia will open its air and land borders with Qatar in the first steps toward ending a diplomatic crisis that has deeply divided regional US allies since 2017

Saudi Arabia lifts ban on international flights, land and sea entry

Saudi Arabia announced on Sunday the lifting of the ban on all international flights as well as land and sea entry, the Saudi Press Agency reported

US approves potential sale of 3,000 smart bombs to Saudi Arabia: Report

The sale comes in the final days of US President Donald Trump's term