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 »
Tag Archives: MARKETS
Oil prices gain after OPEC extension of output cut
:: Oil futures rose on Friday after OPEC and other major producers agreed to extend their production curbs in a widely expected move aimed at ending a persistent glut in global supplies. The Organization of the Petroleum Exporters (OPEC) and
Saudi’s Al-Falih says global oil market improving, stabilizing
:: The global oil market is improving and stabilizing, Saudi Oil Minister Khalid Al-Falih said in Baghdad on Saturday. In a speech at the opening of the Baghdad International Exhibition, Al-Falih praised the cooperation between Iraq and Saudi Arabia, which
Cooler temperatures in Sudan spark spending frenzy
:: Trade in the Sudanese capital Khartoum has increased significantly, as falling temperatures in the last week created a frenzy in the market. Shops, parks and entertainment venues were bursting with people due to the steep decline in temperature in
Abu Dhabi Global Market, UAE Exchange partner to promote fintech
:: Abu Dhabi Global Market, the emirate’s global financial free zone, has partnered with UAE Exchange to help startups engaged in the remittance, foreign exchange and payments business develop and deploy financial technology. UAE Exchange and ADGM will jointly implement
Fund outflow pushes Qatar bank to offer new certificates of deposit
:: Qatari financial institutions are under pressure following the sanctions imposed by Arab Gulf states, leadint to outflow of funds. The boycott which began two months ago led some companies and individuals to withdraw money from Qatari banks. In a
Qatar biggest mall’s $1 bln loan refinancing frozen
:: The refinancing of a $1 billion loan by Doha Festival City, a retail and hospitality complex in Qatar, has been indefinitely postponed as a diplomatic crisis deters regional banks from doing new Qatari business, bankers said. The refinancing, coordinated
Remittances from Egyptians abroad rise by 13.8 pct since November
:: Egyptians have risen 13.8 percent since the central bank floated the pound in November, the central bank said in a statement on Tuesday. The central bank said remittances were $8 billion pounds in the five months, compared with $7
Saudi finance minister says likely to tap foreign, local bond markets again
:: The Saudi Arabian government is likely to tap the international and domestic bond markets again this year, depending on demand for its debt and the pricing it can obtain, finance minister Mohammed al-Jadaan said on Tuesday. He told an
Saudi Deputy Crown Prince Meets CEO of Japan’s Stock Exchange
Saudi Deputy Crown Prince Mohammed bin Salman, the Second Deputy Prime Minister and Defense Minister, met at his office in Riyadh yesterday CEO of Japan’s Stock Exchange Akira Kyota. During the meeting, they reviewed areas of cooperation and investment opportunities
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