Saudi Arabia

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Saudi Arabia - Total results - 1830
Oil prices fall in early trade after data shows rise in US crude inventories; concerns mount about new viral outbreaks
Business

Oil prices fall in early trade after data shows rise in US crude inventories; concerns mount about new viral outbreaks

Saudi Arabia’s cabinet has urged OPEC+ countries to reduce oil output further to restore balance in global crude markets, the country’s state news agency reported early on Wednesday

Oil prices rise after Saudi Arabia pledge to deepen production cuts in June; Brent crude up 1.3%
Business

Oil prices rise after Saudi Arabia pledge to deepen production cuts in June; Brent crude up 1.3%

Oil prices rose on Tuesday, boosted by an unexpected commitment from Saudi Arabia to deepen production cuts in June to help drain a supply glut built up during the coronavirus crisis

Saudi Aramco first-quarter profit falls 25%, below analyst estimates; hurt by lower crude oil prices as coronavirus slashed demand
Business

Saudi Aramco first-quarter profit falls 25%, below analyst estimates; hurt by lower crude oil prices as coronavirus slashed demand

Saudi Arabian state oil giant Aramco (2222.SE) on Tuesday reported a 25 percent fall in first-quarter net profit, below analyst estimates, hurt by lower crude oil prices as the coronavirus slashed demand

Premier League: Saudi Arabia state fund's bid to secure ownership of Newcastle United unlikely to transform club's fortunes
Sports

Premier League: Saudi Arabia state fund's bid to secure ownership of Newcastle United unlikely to transform club's fortunes

Observers believe that Saudi involvement is aimed at improving the country’s influence and image outside of its borders but says economic realities may limit their ambitions

USCIRF names India among 14 'countries of particular concern', cites CAA and Delhi riots in annual report on religious freedom
India

USCIRF names India among 14 'countries of particular concern', cites CAA and Delhi riots in annual report on religious freedom

In the 2020 edition of its annual report on International Religious Freedom, the USCIRF alleged that in 2019, the Government of India used its strengthened parliamentary majority to institute national-level policies violating religious freedom across the country, especially for Muslims

Coroanvirus Outbreak: Mideast economies take massive hit with historic oil price crash
Business

Coroanvirus Outbreak: Mideast economies take massive hit with historic oil price crash

Iraq is planning painful cuts in social benefits relied on by millions of government workers. Saudi Arabia will likely have to delay mega-projects

Worldwide military expenditure in 2019 reached $1.92 trillion; China second, India third in total spending
India

Worldwide military expenditure in 2019 reached $1.92 trillion; China second, India third in total spending

The five largest spenders in 2019, which accounted for 62 percent of military expenditure, were the United States, China, India, Russia and Saudi Arabia.

Doha, Riyadh submit official bids for hosting 2030 Asian Games
Sports

Doha, Riyadh submit official bids for hosting 2030 Asian Games

Qatari capital Doha hosted the 2006 Games but Saudi Arabia has never organised an OCA multi-sport event

China's crude imports rise over 4% as global prices take a beating due to coronavirus outbreak; builds up stockpiles
Business

China's crude imports rise over 4% as global prices take a beating due to coronavirus outbreak; builds up stockpiles

Low oil prices “have a positive impact on China,” said the ruling Communist Party's Political and Legal Commission on its social media account.

Crude oil futures crashes into negative territory for the first time in history amid coronavirus pandemic
Business

Crude oil futures crashes into negative territory for the first time in history amid coronavirus pandemic

While US oil prices are trading in negative territory for the first time ever, it is unclear whether that will trickle down to consumers, who typically see lower oil prices translate into cheaper gasoline at the pump.

Premier League: Newcastle United takeover link puts spotlight on Saudi Arabia human rights
Sports

Premier League: Newcastle United takeover link puts spotlight on Saudi Arabia human rights

Ashley bought Newcastle United in 2007 but is widely viewed as a figure of scorn in the one-club city whose St. James' Park stadium is affectionately dubbed "the cathedral on the hill."

Govt plans to fill strategic petroleum reserve by third week of May; to help refineries reduce excess crude
Business

Govt plans to fill strategic petroleum reserve by third week of May; to help refineries reduce excess crude

India plans to completely fill its strategic petroleum reserve (SPR) by the third week of May by moving about 19 million barrels into the sites by then, the managing director of the country’s SPR said on Tuesday

Coronavirus Outbreak: UAE extends curfew as COVID-19 cases increase, warns of reviewing labour ties with countries refusing to take back citizens
World

Coronavirus Outbreak: UAE extends curfew as COVID-19 cases increase, warns of reviewing labour ties with countries refusing to take back citizens

Millions of migrant labourers, mainly from Asian countries, including Nepal, India and the Philippines, are among the region’s large expatriate population

Saudi-Mexican clash halts record oil output cut deal despite Donald Trump's mediation offer
Business

Saudi-Mexican clash halts record oil output cut deal despite Donald Trump's mediation offer

Mexico President Andres Manuel Lopez Obrador said on Friday Trump had offered to make extra US cuts on his behalf, an unusual offer by a president who has long railed against OPEC.

Coronavirus Outbreak: Saudi-led ceasefire begins in Yemen raising hope for an end to five-year-old war as world unites to fight COVID-19
World

Coronavirus Outbreak: Saudi-led ceasefire begins in Yemen raising hope for an end to five-year-old war as world unites to fight COVID-19

A Saudi-led coalition fighting Yemen’s Houthi movement said it would halt military operations from 0900 GMT for two weeks in support of United Nations efforts to end the conflict that has killed more than 100,000 people

Yemen confirms first COVID-19 case in Hadhramout region; spread of virus in war-torn country would be catastrophic, says UN official
World

Yemen confirms first COVID-19 case in Hadhramout region; spread of virus in war-torn country would be catastrophic, says UN official

The case was diagnosed in the southern oil producing region of Hadhramout, the supreme national emergency committee said

Coronavirus impact: OPEC, Russia outline record oil cut under US pressure as demand crashes; Mexico declines to sign pact
Business

Coronavirus impact: OPEC, Russia outline record oil cut under US pressure as demand crashes; Mexico declines to sign pact

Mexico refused to agree to its share of the crude oil cuts after a marathon meeting between the oil-producing nations that lasted more than nine hours, CNN said.

Saudi-led coalition announces ceasefire in five-year Yemen war; move aimed, in part, to avoid potential coronavirus outbreak
World

Saudi-led coalition announces ceasefire in five-year Yemen war; move aimed, in part, to avoid potential coronavirus outbreak

The ceasefire will go into effect at midday on Thursday for two weeks and is open to extension

India to use low priced oil from Saudi Arabia, UAE and Iraq to fill strategic reserves
Business

India to use low priced oil from Saudi Arabia, UAE and Iraq to fill strategic reserves

Capitalising on low global oil prices, India will fill its underground strategic oil reserves with oil from Saudi Arabia, the UAE and Iraq as it shores up supplies to meet any supply or price disruption

Oil demand drops 30%; OPEC allies likely to agree to cut production in meeting on Thursday if US joins effort, says report
Business

Oil demand drops 30%; OPEC allies likely to agree to cut production in meeting on Thursday if US joins effort, says report

While antitrust laws prohibit US oil producers from taking steps to push up oil prices, curbing output would be legal if state regulators or the federal government set lower production levels, antitrust experts said