Page 12 - Saudi Arabia

BlackRock-led group of investors wins $15.5-billion Saudi Aramco deal

The group will buy a 49 per cent stake in Aramco Gas Pipelines

Oil prices rebound by more than $1 after Saudi price hike

Brent crude futures for February gained $1.61, or 2.3%, to $71.49 a barrel by 0720 GMT while U.S. West Texas Intermediate crude for January were at $67.89 a barrel, up $1.63, or 2.5%

Oil prices rise over $1 a barrel after Saudi increases rate for its crude

Oil prices rose by more than $1 a barrel on Monday after top exporter Saudi Arabia raised prices for its crude sold to Asia and the United States

Saudi Arabia raises oil prices for buyers in Asia, United States

The move signals that the world's biggest crude exporter still sees strong demand in its two main markets

Pakistan receives $3 bn loan from Saudi as part of economic support package

The South Asian country has faced growing economic challenges, with high inflation, sliding forex reserves, a widening current account deficit and a depreciating currency.

US-Saudi diplomacy paved way for OPEC+'s surprise output hike

After weeks of diplomatic tension between Saudi Arabia and the U.S. -- with President Joe Biden calling for more oil to ease pump prices and OPEC pushing back -- a truce has emerged

Saudi-led airstrike hits Houthi-controlled camp in Yemen's capital

A jet fighter of the Saudi-led coalition forces waged an airstrike on a military camp controlled by the Houthi militia in Yemen's capital Sanaa, Houthi-run al-Masirah TV reported

Saudi Arabia detects 1st case of new coronavirus variant Omicron

Saudi Arabia said Wednesday it detected its first case of the new coronavirus variant omicron.

Pakistan revisits ties with Saudi Arabia to revive its crumbling economy

Pakistan is trying to mend its ties with Saudi Arabia in order to get financial help to revive its crumbling economy.

Saudi Arabia ban on travel from India withdrawn: Centre tells Kerala HC

This came during the hearing of a plea by a man seeking a third jab of an internationally accepted vaccine so that he can go back to the Gulf nation for work

Cash-strapped Pak to get $3 bn from Saudi; to park money in central bank

Cash-strapped Pakistan will soon get $3 billion as loan from Saudi Arabia as the Cabinet led by Imran Khan has approved an agreement to keep the amount in the country's central bank

Covid-19: Saudi to lift entry ban from six countries, including India, Pak

Saudi Arabia has announced that it will lift a travel ban on expats from six countries including India and Pakistan that was introduced to contain the spread of the COVID-19 pandemic

Saudi Arabia to lift entry ban from six nations, including India, Pakistan

The directives will allow direct entry of fully vaccinated expatriates without the need to spend 14 days in transit outside their countries before entering the Kingdom

Flush with cash, Saudi prince snubs Biden and sends a message

Since taking office, Biden has only spoken with King Salman, Prince Mohammed's father, and refused to deal directly with the crown prince

Saudi stock exchange seeks to raise up to $1 billion via initial offering

The Riyadh-based bourse, on which oil giant Saudi Aramco trades, plans to sell a 30 per cent stake, or 36 million shares

ONGC, Saudi Aramco sign feedstock and marketing MoU

Public sector oil and gas explorer Oil and Natural Gas Corporation Limited has inked a Memorandum of Understanding with world's largest oil company Saudi Aramco

Saudi Arabia grants citizenship to group of 'talented' expats

A royal decree issued last Thursday grants citizenship to "experts and exceptional global talents" who will contribute to the growth of the kingdom

Saudi Arabia denies trying to sabotage climate negotiations at Glasgow

Saudi Arabia's energy minister expressed shock at repeated complaints that the world's largest oil producer is working behind the scenes to sabotage negotiations

Larger-than-expected Saudi crude price hikes to Asia bullish for markets

Brent and U.S. West Texas Intermediate crude futures gained more than $1 on Monday following Saudi's announcement

Saudi invests $64 bn in entertainment as it tries to wean economy off oil

It's a remarkable turnaround for Saudi Arabia, where only a few years ago women were prohibited from driving, restaurants were gender-segregated and most forms of entertainment were banned