World Bank Says Saudi Economy to Shrink on Lower Oil Output
Saudi Arabia’s economic output is expected to contract this year as a series of oil-supply cuts pose a
2023-10-06 14:55
Egypt Downgraded by Moody’s on Dwindling Policy Options
Egypt’s credit score was downgraded by Moody’s Investors Service to one of the lowest rungs of speculative grade
2023-10-06 13:26
Oil Heads for Biggest Weekly Loss Since March on Demand Concerns
Oil headed for the biggest weekly drop since March as worries over the global economy clouded the demand
2023-10-06 12:57
Oil Steadies After Tumbling Almost 6% on Rising Demand Risks
Oil steadied after growing concerns over weakening demand sparked the steepest one-day plunge in more than a year.
2023-10-05 09:26
Oil Steadies Ahead of OPEC+ Review and US Stockpiles Update
Oil steadied ahead of an OPEC+ review of the global crude market and a weekly update of US
2023-10-04 08:57
Saudi Football Club Refuses to Play in Iran Over Pitchside Bust
A Saudi football club refused to participate in an Asian Champions League game in Iran on Monday, allegedly
2023-10-03 09:50
Saudi Wealth Fund Said to Hit Weak Demand for Marafiq Stake Sale
Saudi Arabia’s sovereign wealth fund delayed the potential sale of its remaining stake in a local utility firm
2023-10-01 22:49
Saudi Arabia to tap international debt markets as deficits return
By Aziz El Yaakoubi and Pesha Magid RIYADH Saudi Arabia is expected to tap the international debt markets
2023-10-01 19:17
Saudi Arabia Projects a $21 Billion Deficit in 2024
Saudi Arabia has rewritten its budget forecast for next year, saying it expects a deficit instead of a
2023-10-01 17:46
California-based EV maker Lucid opens first-ever auto plant in Saudi Arabia
Californian EV-maker Lucid has opened the first ever car manufacturing plant in Saudi Arabia, as the kingdom looks to establish itself as a global player in the EV race.
2023-09-28 01:57
America's emergency oil reserve is at a 40-year low — and that could inflate oil prices, Goldman Sachs says
America's emergency oil stockpile has plunged to 40-year lows. The shrinking Strategic Petroleum Reserve is limiting Washington's ability to shield consumers from the fallout of Saudi Arabia's aggressive supply cuts, according to Goldman Sachs.
2023-09-28 01:53
Saudi Cargo Firm SAL’s $678 Million IPO Sells Out in Hours
Cargo firm SAL Saudi Logistics Services Co. received orders for all shares in its Riyadh initial public offering
2023-09-25 19:47