Page 3 - Saudi Arabia

Oil prices rise as Saudi comments outweigh recession, China Covid concerns

Brent crude rose 37 cents, or 0.4%, to $87.82 by 0915 GMT. U.S. West Texas Intermediate (WTI) crude was up 46 cents, or 0.6%, at $80.50

Oil prices rise after Saudi Arabia denies report of OPEC+ supply increase

Brent crude futures rose 17 cents, or 0.2%, to $87.62 by 0007 GMT. U.S. West Texas Intermediate (WTI) crude futures for January began trading Tuesday, rising 7 cents, or 0.1%, to $80.11 a barrel

FIFA World Cup Group C and D analysis: Argentina, Denmark to make headlines

FIFA World Cup 2022 Qatar: Here's a detailed analysis of which two teams will qualify for the knockouts from Group C and D of the tournament

Indians travelling to Saudi Arabia no longer need police clearance for visa

The Saudi embassy in India tweeted they have removed the visa requirement for police clearance certificate for Indians

Jio announces new international roaming plans ahead of Fifa world cup 2022

The plans launched by Jio for Fifa world cup 2022 will be functional in Qatar, UAE, and Saudi Arabia

Best of BS Opinion: Prompt disclosures, boosting production, and more

Here is the best of Business Standard's opinion pieces for today

Change is afoot in Saudi Arabia

The West Asian kingdom is rapidly shedding its image as an insular Islamic state. Nowhere is this change more remarkable than in the status of women

Fifa world cup: Saudi Arabia drops al-Mowallad from squad over doping test

Saudi Arabia coach Herve Renard has dropped Fahd al-Mowallad from his 26-man squad for the World Cup in Qatar as a precaution due to the winger's failed doping test in February. Al-Mowallad had been included in Renard's squad for the tournament despite testing positive for furosemide, which is on the World Anti-Doping Agency's banned drug list due to concerns it can mask other drugs. But the team said Sunday that it was dropping Al-Mowallad, who plays for Saudi team Al-Shabab, as a precaution as there is still a case against him, and that Renard had called up Al-Shabab teammate Nawaf Al-Abed in his place. Saudi Arabia faces a tough task is Group C, where it opens its campaign on Nov. 22 against Argentina, four days before it plays Poland, before its final group game against Mexico on Nov. 30.

Saudi Arabia has 'green vision' at COP27, critics unmoved

Hydrogen cars and vehicles that capture their tailpipe pollutants. Computer mice made from recycled ocean waste plastic. Hundreds of millions of trees planted in the desert. Saudi Arabia's vision of an environmentally friendly future is on display just a short drive from the venue of the UN climate summit being held in Egypt. What's not highlighted in the glossy gallery are the earth-warming fossil fuels that the country continues to pump out of the ground for global export. Fossil fuel emissions are the reason why negotiators from nearly 200 countries have gathered at the annual two-week conference, haggling over how pollution can be cut and how fast to do it. In and around the conference, Saudi Arabia is presenting itself as a leader in green energies and eco-friendly practices, with flashy pavilions, glossy presentations and optimistic assessments of technologies like carbon capture, which can remove carbon dioxide from the air but is costly and years away from being deployed at

Saudi Arabian football fan walks 1,600 km to reach Qatar to inspire team

An extreme Saudi hiker walked across the desert in Saudi Arabia for 55 days to reach Qatar to inspire his national team, which will play at the FIFA World Cup 2022 starting later this month

Investors shed $7 billion off Credit Suisse Saudi backer over stake deal

Investors have wiped about $7 billion off Saudi National Bank's market value amid growing concern over the lender's plans to purchase a stake in Credit Suisse Group AG

Saudi Arabia tell US that Iran may attack the kingdom, says officials

Saudi Arabia has shared intelligence with American officials that suggests Iran could be preparing for an imminent attack on the kingdom, three US officials said on Tuesday. The heightened concerns about a potential attack on Saudi Arabia come as the Biden administration is criticising Tehran for its crackdown on widespread protests and condemning it for sending hundreds of drones as well as technical support to Russia for use in its war in Ukraine. We are concerned about the threat picture, and we remain in constant contact through military and intelligence channels with the Saudis, the National Security Council said in a statement. We will not hesitate to act in the defence of our interests and partners in the region. Saudi Arabia did not respond to requests for comment. Iran's mission to the United Nations told The Associated Press on Wednesday the US claims are baseless. Western and Zionist regimes spread biased news aimed at creating a negative mood towards the Islamic Repub

Iran preparing for an attack on the kingdom, Saudi Arabia tell US

Saudi Arabia has shared intelligence with American officials that suggests Iran could be preparing for an imminent attack on the kingdom, three US officials have said. The heightened concerns about a potential attack on Saudi Arabia as the Biden administration is criticising Tehran for its crackdown on widespread protests and condemning it for sending hundreds of drones as well as technical support to Russia for use in its war in Ukraine. We are concerned about the threat picture, and we remain in constant contact through military and intelligence channels with the Saudis, the National Security Council said in a statement. We will not hesitate to act in the defense of our interests and partners in the region. Saudi Arabia did not immediately respond to requests for comment. Nor did Iran's mission to the United Nations. One of the officials who confirmed the intelligence sharing described it as a credible threat of an attack soon or within 48 hours. No US embassy or consulate in

India continues with Russian oil buys, cuts shipments from Saudi

Saudi Arabia's decline in India's oil market has coincided with Russia's rise, and ironically occurred amid growing diplomatic ties between Riyadh and New Delhi

Why India may have to rework Russian oil purchase if a price cap is imposed

India will have to follow a delicate balancing act if the West imposes a pricing limit on supplies from Moscow

Saudi, UAE back OPEC cuts as US envoy warns of 'economic uncertainty'

Saudi Arabia and the United Arab Emirates defended on Monday a decision by OPEC and its allies to cut oil production, even as an American envoy warned of economic uncertainty ahead for the world. While cordial, the comments at the Abu Dhabi International Petroleum Exhibition and Conference showed the stark divide between the United States and Gulf Arab countries it supports militarily in the wider Middle East. Saudi Arabia's energy minister, Prince Abdulaziz bin Salman, hinted at that in brief remarks to the event, noting that upcoming UN climate change summits will be held in Egypt and the United Arab Emirates. We don't owe it to anybody but us, the prince said to applause. Emirati Energy Minister Suhail al-Mazrouei echoed that defence. While saying that OPEC and its allies are "only a phone call away if the requirements are there to raise production, he offered no suggestion such a boost would be on its way anytime soon. I can assure you that we in the United Arab Emirates, as w

Saudi Arabia sets up carbon market firm to support net-zero goal

The Public Investment Fund said it started the Regional Voluntary Carbon Market Co. with Saudi Tadawul Group

Pak PM leaves for Saudi; to attend summit, hold talks with Crown Prince

Pakistan Prime Minister Shehbaz Sharif on Monday left for a two-day visit to Saudi Arabia to attend a key investment summit and hold bilateral talks with Saudi Crown Prince Mohammed bin Salman. The Saudi Future Investment Initiative Summit, often referred to as Davos in the Desert' aims to lure in investors to the desert kingdom. The summit has been an annual feature since 2017. Confirming his attendance at the summit, the PM tweeted: The present state of the global economy needs new thinking and bold vision to overcome the irritants and forge new paths. There are serious concerns about the threat of global recession hitting the economies. The pandemic and climate-induced disasters have already put immense strains on developing countries. High time the world explored solutions to the deepening challenges through candid dialogue, Sharif said in the tweet. Sharif during his travel to Saudi is being accompanied by Finance Minister Ishaq Dar and other officials and would try to convinc

Pakistan convinces Saudi Arabia to revive $12 billion oil refinery: Report

Pakistan has persuaded Saudi Arabia to revive a USD 12 billion state-of-the-art deep conversion refinery and a petrochemical complex in the country, a project that was shelved by the oil-rich Gulf Kingdom during the Imran Khan regime, a media report said on Monday. The development comes ahead of the visit of a delegation from Saudi Arabia led by Crown Prince Mohammed bin Salman to Pakistan next month. The Pakistan government has made efforts to persuade Saudi Arabia to honour the MoUs signed three years ago and invest in Pakistan, The News reported. In 2019, Crown Prince Mohammed visited Pakistan when Khan was the prime minister, and signed MoUs for an investment of USD 21 billion, including the project of a deep conversion refinery and petrochemical complex with an investment of USD 12 billion. Subsequently, when Khan tried to cobble up a bloc of Islamic countries with the consent of Turkey and Malaysia, outside the ambit of the Saudi-dominated Organisation of Islamic Cooperation

Saudi PM Mohammad bin Salman likely to visit India next month: Reports

Prime Minister of the Kingdom of Saudi Arabia and Crown Prince, Mohammed bin Salman, is expected to visit India next month, according to reports