Page 11 - Saudi Arabia

Saudi Arabia may raise April crude prices to Asia to all-time highs

The official selling price (OSP) for Saudi's flagship Arab Light crude may rise to a record of $4.50 a barrel, up $1.70, three of five refining sources told Reuters in a survey.

Saudi Arabia holds ceremonies to mark nearly 300-year-old Founding Day

For the first time ever, Saudi Arabia marked the kingdom's nearly 300-year-old Founding Day.

Saudi's crude oil production exceeds 10 million bpd in Dec; exports dip

Exports fell slightly to 6.937 million bpd from 6.949 million bpd in November, according to monthly figures provided by Saudi Arabia and other oil-exporting countries to JODI

A Saudi woman's iPhone revealed NSO group's web around the world

A glitch in the hacking software led Apple to notify thousands of state-backed hacking victims globally and formed the basis for a November 2021 lawsuit

Indian, Saudi army chiefs discuss areas of military collaboration

The chiefs of the Indian Army and Royal Saudi Land Forces held discussions and briefings over areas of collaboration on Tuesday

Saudi Arabia moves $80 billion Aramco stake to wealth fund

4% shares of the firm transferred

Saudi Arabia transfers 4% of oil giant Aramco to investment fund

The announcement on state media comes as the oil firm is valued just under $2 trillion.

Aramco plans world's biggest share sale at $50 billion: Report

Saudi Arabia would raise funds off its biggest asset, and use them to develop new industries

South Korea and Saudi Arabia need crude oil but eye clean energy

A delegation led by South Korea's president visiting Saudi Arabia inked a preliminary deal to explore a project to develop a potentially cleaner form of energy

Saudi wealth fund plans to buy $10 billion in global stocks this year

Chaired by Crown Prince Mohammed bin Salman, the Public Investment Fund is looking to buy global stocks based on a thematic strategy that focuses on areas including e-commerce and renewables

CBI gets prosecution requests from UAE, Saudi against 19 absconding Indians

The UAE and India have a bilateral extradition treaty

Saudi-led forces receive distress signal from oil tanker off Yemen: Report

The report, on Wednesday, gave no further details but said there were "high-risk indicators" in waters off Hodeidah port on the Red Sea, one of the world's busiest maritime lanes

Mideast carriers flydubai, Air Arabia cancel flights to Kazakhstan's Almaty

Websites for the airlines showed return Dubai-Almaty services operated by flydubai and return Sharjah-Almaty flights operated by Air Arabia as cancelled.

Saudi King hopes that Iran will abandon 'negative behavior' in region

Saudi Arabia's King Salman bin Abdulaziz Al Saud has expressed hope that Iran will abandon what he described as a destabilizing regional policy."Iran is a neighboring country for the Kingdom [Saudi Arabia] and we hope that it will change its policy and negative behavior in the region, and will switch for dialogue and cooperation. We are very concerned over the policy of the Iranian regime aimed at undermining security and stability in the region," the king told Majlis ash-Shura on late Wednesday, as quoted by the SPA news agency.The king also voiced concern over the Iranian refusal to cooperate with the international community on its nuclear program as well as over the development of ballistic missiles by Tehran.Saudi Arabia's relations with Iran remain strained over Riyadh's concerns over the Iranian military buildup as well as Tehran's support for Shia movements in other countries, especially the Houthi rebels in Yemen.

Saudi-led coalition fighting in Yemen strikes Sanaa airport: Report

The Yemeni capital is held by the Iran-aligned Houthi movement

Peace prospects rise in West Asia after US' perceived retreat from region

Although the US Administration says that it is still engaged in the West Asia, there is no doubt that much more attention in the US foreign policy is now given to China, Russia, and the far east

Skinny jeans, dance, music: Giant rave breaks Saudi Arabia's old boundaries

The electronic music festival in Saudi Arabia this weekend highlighted the changes catapulting through the conservative kingdom under its controversial crown prince, Mohammed bin Salman

Saudi Arabia expects 2022 budget surplus after years of deficit

After an expected fiscal deficit of 2.7% of gross domestic product this year, Riyadh estimates it will achieve a surplus of 90 billion riyals ($23.99 billion), or 2.5% of GDP, next year

France races to identify suspect in Saudi journalist Khashoggi's death

Khashoggi, a Washington Post columnist, was a one-time Saudi insider with links to the Royal Court who became openly critical of Saudi Arabia

US Senate rejects bipartisan bid to stop $650 mn arms sale to Saudi Arabia

The Senate rejected a bid to stop President Joe Biden's administration from selling more than $650 million worth of weapons to Saudi Arabia