Saudi Arabia

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A Coronavirus saga — Capturing the ghostly beauty of 12 cities under lockdown during the pandemic
World

A Coronavirus saga — Capturing the ghostly beauty of 12 cities under lockdown during the pandemic

The USA has the highest number of infected cases while Italy has the highest death rate in the world.

Coronavirus Outbreak: AFC gives extra three months to potential bidders for 2027 Asian Cup due to COVID-19
Sports

Coronavirus Outbreak: AFC gives extra three months to potential bidders for 2027 Asian Cup due to COVID-19

Nations considering bids to host the 2027 Asian Cup have been given an extra three months to lodge expressions of interest due to the coronavirus pandemic, the Asian Football Confederation (AFC) said.

Coronavirus Outbreak: Saudi Arabia urges Muslims to hold off on making Hajj plans; country has reported over 1,500 cases
World

Coronavirus Outbreak: Saudi Arabia urges Muslims to hold off on making Hajj plans; country has reported over 1,500 cases

In February, the Kingdom took the extraordinary decision to close off the holy cities of Mecca and Medina to foreigners over the coronavirus outbreak

Coronavirus Outbreak: IOC declares force majeure on oil purchases from Saudi, UAE, Iraq, Kuwait
Business

Coronavirus Outbreak: IOC declares force majeure on oil purchases from Saudi, UAE, Iraq, Kuwait

India's top oil firm IOC has declared force majeure on crude purchases from four of its biggest suppliers - Saudi Arabia, Iraq, UAE and Kuwait - as refinery run rates have been cut down in view of plummeting fuel demand following a nationwide lockdown

Stock Market Latest Updates: Market rebounds as Sensex soars over 1,000 points, Nifty above 8,500-level; ITC, Reliance Industries among top gainers
Business

Stock Market Latest Updates: Market rebounds as Sensex soars over 1,000 points, Nifty above 8,500-level; ITC, Reliance Industries among top gainers

Stock Market LIVE Updates: Indices slip from opening highs; Sensex down over 500 points, Nify drops 150 points

Crude prices mixed after three days of gains as demand shrinks, but US stimulus package hopes support
Business

Crude prices mixed after three days of gains as demand shrinks, but US stimulus package hopes support

US crude inventories rose by 1.6 million barrels in the most recent week, the US Energy Information Administration said on Wednesday, marking the ninth straight week of increases.

Crude oil futures rise nearly 3% as Trump administration works with Saudi Arabia to stabilise prices, but support seen weak
Business

Crude oil futures rise nearly 3% as Trump administration works with Saudi Arabia to stabilise prices, but support seen weak

The market is testing support following a more than 60 percent slide in oil prices since the start of the year due to the impact of the coronavirus on global demand and a market share war between Saudi Arabia and Russia set to bloat oil supply from April

Crude climbs after White House comments on intervention in price war between Saudi Arabia, Russia
Business

Crude climbs after White House comments on intervention in price war between Saudi Arabia, Russia

US crude and global benchmark Brent have both collapsed about 40 percent in the last two weeks since talks between the Organization of the Petroleum Exporting Countries and its allies, including Russia, broke down which led Saudi Arabia, the world’s biggest oil exporter, to ramp up supply

Oil prices fall a third day; Brent crude heading for worst week since 1991 as plunging demand from virus outbreak grips market
Business

Oil prices fall a third day; Brent crude heading for worst week since 1991 as plunging demand from virus outbreak grips market

Oil prices were also impacted by record declines in equity markets with Japan’s Nikkei 225 falling by 10 percent on Friday after US markets fell by the most since Black Monday in 1987 on Thursday

Russia, Saudi Arabia play 'who-blinks-first' over crude price; scramble over market share gives Indian oil firms 'additional bargaining power'
Business

Russia, Saudi Arabia play 'who-blinks-first' over crude price; scramble over market share gives Indian oil firms 'additional bargaining power'

The exacting decision by Riyadh to spike production was triggered by the failure on Friday to strike a deal with Russia on a new round of OPEC+ production cuts to arrest swooning oil prices owing to the novel coronavirus.

Petrol, diesel prices on decline mode for nearly two weeks; oil extends gains as US output cut hopes grow
Business

Petrol, diesel prices on decline mode for nearly two weeks; oil extends gains as US output cut hopes grow

On Wednesday, petrol and prices were cut up to 30 paise and 25 paise respectively due to the decline of crude prices

Oil prices climb for second day amid hopes for output cut by US producers, but Saudi Arabia, Russia price war trim off gains
Business

Oil prices climb for second day amid hopes for output cut by US producers, but Saudi Arabia, Russia price war trim off gains

Saudi Arabia said on Tuesday it would boost its oil supplies to a record high in April, raising the stakes in a standoff with Russia and effectively rebuffing a suggestion from Moscow for new talks on production levels

OPEC countries lose $500 million a day in oil price crash after messy breakup of alliance: Report
Business

OPEC countries lose $500 million a day in oil price crash after messy breakup of alliance: Report

For the most part, oil is a top income source for members of the OPEC and such a dramatic fall in prices will put a strain on their economies

Petrol price falls below Rs 71, first time in eight months; India to gain from Saudi Arabia, Russia oil price war
Business

Petrol price falls below Rs 71, first time in eight months; India to gain from Saudi Arabia, Russia oil price war

Petrol prices slipped below Rs 71-mark for the first time in eight months on Monday as India looks set to reap windfall from a price war among oil producers leading to international crude prices crashing by their biggest margin since the 1991 Gulf war

Oil plunges about 30% to $31.02 per barrel after Saudi Arabia opens price war with Russia, hikes output as OPEC deal collapses
Business

Oil plunges about 30% to $31.02 per barrel after Saudi Arabia opens price war with Russia, hikes output as OPEC deal collapses

Saudi Arabia, the world’s biggest oil exporter, is attempting to punish Russia, the world’s second-largest producer, for balking on Friday at production cuts proposed by OPEC.

European Union extends Pakistan GSP-Plus status for two years; cash-strapped country to get rebates on duty charges
World

European Union extends Pakistan GSP-Plus status for two years; cash-strapped country to get rebates on duty charges

The European Union has extended the Generalised System of Preferences (GSP) Plus status for cash-strapped Pakistan for two years, allowing the country access to preferential duties on exports to the EU

Saudi Arabia halts entry to Mecca over fears of coronavirus outbreak; move comes just months ahead of annual hajj
World

Saudi Arabia halts entry to Mecca over fears of coronavirus outbreak; move comes just months ahead of annual hajj

Saudi Arabia halted travel to the holiest sites in Islam over fears about a viral epidemic just months ahead of the annual hajj pilgrimage, a move that came as West Asia has over 220 confirmed cases of the new coronavirus.

FATF to evaluate whether Pakistan has taken enough steps to avoid being blacklisted by global anti-terror financing watchdog in Paris today
World

FATF to evaluate whether Pakistan has taken enough steps to avoid being blacklisted by global anti-terror financing watchdog in Paris today

International Co-operation Review Group (ICRG), a part of FATF, is scheduled to take the Pakistan issue on Tuesday to evaluate whether the south Asian nation has taken sufficient steps and implemented its plan of action to fight the global menace

FATF says several terror groups continue to get funds from supporters despite anti-terror financing watchdog tightening control on flow of money
India

FATF says several terror groups continue to get funds from supporters despite anti-terror financing watchdog tightening control on flow of money

The FATF said several terrorist groups continue to benefit from funds raised through illegal activities and from supporters worldwide despite the international terror financing watchdog tightening the standards on the flow of money.