Saudi Crown Prince, US Secretary of Defense discuss troop deployment
:: Saudi Arabia’s Crown Prince Mohammed bin Salman received a phone call on Wednesday from the US Secretary of Defense during which they discussed ongoing arrangements to send US troops of a More »
Saudi Energy Minister confirms restoration of Kingdom’s gas production capacity
:: Saudi Arabia’s Minister of Energy confirmed on Wednesday the restoration of production capacity, affirming the Kingdom’s position as a reliable energy supplier in the global market. The energy minister, Prince Abdulaziz More »
Egypt calls Erdogan statements ‘ironic,’ accuses Turkey of sponsoring terrorism
:: Egypt’s foreign ministry spokesman, Ahmed Hafez, slammed Turkish President Recep Tayyip Erdogan’s statements at the UN General Assembly this week where he urged the UN to “handle the suspicious death of More »
Saudi Crown Prince: Attacks are test of int’l resolve against destructive acts
:: Saudi Arabia’s Crown Prince Mohammed bin Salman said on Wednesday that the attacks on Saudi Aramco oil facilities are a test of international resolve in the face of destructive acts that More »
Saudi Crown Prince says attacks on oil facilities are a ‘dangerous escalation’
:: Saudi Arabia’s Crown Prince Mohammed bin Salman said the recent attacks on Saudi Aramco facilities represented a “dangerous escalation not only toward the Kingdom but also the entire world.” The Crown More »
Category Archives: Economy
Populism again casts shadow over booming eurozone economy
:: For months, the outlook for the eurozone economy has brightened thanks to a series of electoral defeats for populist parties in key states like France. Now, following votes in Germany and Austria and the uncertainty over the Spanish region
Riyadh Metro invites companies to bid on branding stations
:: The $23 billion Riyadh Metro launched an auction on Sunday for private companies to name and advertise in select metro stops when the system opens in 2019, an initiative that could generate millions of dollars to help cover operational
Royal Jordanian eyes operating profit this year, CEO says
:: Royal Jordanian Airlines expects to make an operating profit this year as it pushes ahead with a turnaround plan, its chief executive told Reuters on Friday. “I am pretty confident that after the first five months of this year,
Iran says Trump’s nuclear deal policy not to have high impact on oil prices
:: President Donald Trump’s hardened stance on a multinational nuclear deal between Iran and six major powers will not have much impact on global oil prices, Iranian Oil Minister Bijan Zanganeh told state TV on Sunday. Trump refused on Friday
Qatar orders aid to private sector as sanctions hurt economy
:: Qatar’s government announced measures to help private sector businesses on Saturday after its economy was hurt by sanctions imposed by other Arab states. Prime Minister Sheikh Abdullah bin Nasser bin Khalifa Al-Thani decided to cut rents paid by companies
Iraq’s talks with Exxon on southern oilfields in final stages
:: Iraq’s talks with Exxon Mobil to develop a multi-billion-dollar project to boost output from several southern oilfields are nearing completion, oil minister Jabar al-Luaibi said on Monday. “Talks are in advanced final stages with Exxon to develop and finance
Oil prices stable after OPEC signals possible further action
:: Oil prices stabilised on Monday after one of the most bearish weeks in months propped up by OPEC comments signalling the group and other producers may take further action to restore market balance in the long term. Oil production
UK says wants to negotiate trade deals during Brexit transition
:: Britain will seek to negotiate trade deals with countries outside the European Union during a Brexit transition period but it would not bring any such deals into effect if they clashed with the transition terms, the government said on
2000 mining licenses in Saudi Arabia worth $66 billion
:: The Minister of Energy, Industry and Mineral Resources, Khalid bin Abdul Aziz al-Falih said that 2000 mining licenses have been provided to the private sector with a total value on of $66 billion in Saudi Arabia.. “The number of
IMF’s Lagarde: World must ‘seize the opportunity’ of global recovery
:: International Monetary Fund chief Christine Lagarde said Thursday a worldwide economic recovery is taking hold, opening a window for countries to enact reforms aimed at attaining broader, lasting prosperity. “The long-awaited global recovery is taking root,” she said in
Former British PM Cameron lands high profile commercial job
:: Former British Prime Minister David Cameron, who stepped down abruptly last year after failing to convince British voters to remain in the EU, has been appointed to his first high profile commercial role. Cameron will take on an advisory
Overhaul of Pakistan’s communications framework on the cards, courtesy China
:: Pakistan’s communications framework is set to undergo a radical overhaul as a result of Beijing and Islamabad envisioning their Long Term Plan (LTP) for the China-Pakistan Economic Corridor. According a Dawn news report, the most critical component of this
Qatar continues selling its properties, are Barclays and Glencore stocks next?
:: As the Anti-Terror Quartet countries’ boycott of Qatar continues, so does Doha’s economic deterioration. Qatar is being forced to sell more assets and make new arrangements to ensure sufficient liquidity to support its domestic market, leading the country’s sovereign
Egypt’s non-oil business activity hits three-month low
:: Egypt’s non-oil private sector business activity shrank at its sharpest pace in three months in September amid contractions in new orders and outputs, but companies were optimistic that growth will pick up in the coming year, a survey showed
Brexit uncertainty prompts shock British construction contraction
:: Britain’s construction companies in September reported the sharpest fall in activity since just after June 2016’s Brexit vote, as clients put projects on hold due to uncertainty over the economy. Although construction makes up just 6 percent of Britain’s
Turkey’s Erdogan says high interest rates fuel inflation, prevent investment
:: Turkey has not been able to lower inflation because of high interest rates which were at levels that discouraged investment, President Tayyip Erdogan said on Tuesday, reiterating his unorthodox view on the link between rates and inflation. “We still
India’s crackdown on Muslim-run leather units dents exports, hits jobs
:: A government crackdown on Muslim-dominated abattoirs and the trade of cattle dragged down India’s exports of leather shoes by more than 13 percent in June, as leading global brands turned to China, Bangladesh, Indonesia and Pakistan to secure supplies.
DP World likely to develop two deep sea ports in eastern India
:: Dubai Ports World of the United Arab Emirates, one of the world’s largest container terminal operators, is said to have expressed interest to develop two deep sea ports in eastern India at Rajpur and Kulpi in West Bengal state.
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