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Business Saudi Arabia

  • A gas flame is seen in the desert near the Khurais oilfield, near Riyadh, Saudi Arabia.

    An official says Saudi Arabia's U.S. oil exports are falling and will stay low, but other data suggest the drop is only temporary.

  • Oil could collapse if OPEC doesn't keep its act together

    Oil prices could dip to the low to mid $30 dollar range if OPEC doesn't extend its production cut agreement.

  • Saudi Arabia is having "serious discussions" with the New York Stock Exchange about having the NYSE as one of the exchanges for Aramco's IPO.

  • OPEC Secretary General Mohammed Barkindo (R)

    OPEC faces a serious price crash if it doesn't put the best face possible on its production deal and extend it when it meets in May.

  • DUBAI, March 23- Oil giant Saudi Aramco has selected Samba Capital as one of two banks to work as an adviser on its planned share sale in Riyadh, banking sources told Reuters on Thursday. At least six investment banks pitched for a role advising the world's largest oil producer on its listing on the Saudi stock exchange in Riyadh, the Tadawul. Samba Financial Group,...

  • King Salman bin Abdulaziz, Saudi Arabia's king, gestures as he arrives for the Saudi Arabia-Japan Business Forum for Saudi Arabia Vision 2030 in Tokyo, Japan, on Tuesday, March 14, 2017.

    Political, regulatory and legal challenges may discourage Riyadh from pursuing a U.S. listing for Saudi Aramco.

  • OPEC members have argued for decades over which of the two they should monitor to gauge compliance with oil-output cuts. This month, Saudi Arabia has thrown a third metric supply- into the debate. On Jan. 1, a deal between the Organization of the Petroleum Exporting Countries and some non- OPEC states to curb production by 1.8 million bpd came into effect.

  • *Tens of billions of dollars of deals signed in China, Japan. RIYADH/ DUBAI, March 22- A tour of Asia by Saudi Arabia's King Salman this month has advanced the kingdom's drive to attract foreign investment and diversify its economy beyond oil exports, but the strategy comes with an expensive price tag. A string of deals in Japan included an undertaking by Toyota Motor...

  • *Deal with Malaysia's Petronas helps diversify Saudi Aramco. SINGAPORE, March 20- Saudi King Salman's lavish tour of Asia, arriving in each country on a golden escalator with 400 tonnes of luggage, had a hardnosed marketing mission- to cement the kingdom's place as leading oil supplier to the world's biggest consumer region. The string of deals inked on his...

  • *Britain follows U.S. lead, citing security concerns. WASHINGTON/ LONDON March 21- The United States and Britain on Tuesday imposed restrictions on carry-on electronic devices on planes coming from certain airports in Muslim-majority countries in the Middle East and North Africa in response to unspecified security threats. President Donald Trump was...

  • NEW YORK— The U.S. and Britain, citing concerns about terrorist attacks, are not allowing passengers on some flights from mostly Middle Eastern and North African countries to bring laptops, tablets and certain other devices on board with them in their carry-on bags. The U.S. ban applies to nonstop U.S.-bound flights from 10 international airports in Amman,...

  • *Britain follows U.S. lead following security concerns. WASHINGTON/ LONDON March 21- The United States and Britain on Tuesday imposed restrictions on carry-on electronic devices on planes coming from certain airports in Muslim-majority countries in the Middle East and North Africa in response to unspecified security threats. President Donald Trump was...

  • WASHINGTON/ LONDON March 21- The United States and Britain on Tuesday imposed restrictions on carry-on electronic devices on planes coming from certain airports in Muslim-majority countries in the Middle East and North Africa in response to unspecified security threats. Britain took similar steps, with a spokesman for Prime Minister Theresa May saying...

  • DUBAI, March 21- New U.S.restrictions on passengers carrying electronics on some flights to the United States will be in place initially for nearly seven months before it is reviewed. A U.S. Department of Homeland Security spokeswoman termed that date "a placeholder for review" of the rule. The United States will this week restrict passengers travelling from...

  • WASHINGTON March 21- The Trump administration on Tuesday imposed restrictions on carry-on electronic devices on planes coming to the United States from 10 airports in Muslim-majority countries in the Middle East and North Africa in response to unspecified terrorism threats. The airports are in Cairo; Istanbul; Kuwait City; Doha, Qatar; Casablanca, Morocco;...

  • WASHINGTON, March 21- The Trump administration on Tuesday imposed restrictions on carry-on electronic devices on planes coming to the United States from 10 airports in Muslim-majority countries in the Middle East and North Africa in response to unspecified terrorism threats. The airports are in Cairo; Istanbul; Kuwait City; Doha, Qatar; Casablanca, Morocco;...

  • DUBAI, March 21- New restrictions on passengers carrying electronics on U.S. flights will be in place for nearly seven months, an Emirates spokeswoman said on Tuesday. The Department of Homeland Security will require passengers travelling from 10 Middle East airports, including Emirates' Dubai hub, to stow electronic devices larger than a mobile phone with...

  • WASHINGTON, March 21- The Trump administration confirmed Tuesday it is imposing new restrictions on electronic devices carried by travelers coming to the United States from 10 airports mainly in the Middle East and North Africa in response to unspecified terror threats. The Department of Homeland Security will require passengers coming to the United...

  • A separate government official confirmed an Associated Press report that the ban will affect 10 airports in eight countries in the Middle East and North Africa. Reuters reported earlier the ban would include airlines based in Jordan and Saudi Arabia. CNN, citing an unnamed U.S. official, said the ban on electronics on certain airlines was related to al Qaeda in...

  • CAIRO— The Latest developments related to the U.S. government move to bar passengers in eight Muslim-majority countries from bringing laptops and other electronics onboard direct flights to the United States:. Royal Jordanian flies from the Jordanian capital of Amman to New York, Chicago and Detroit. The official says Middle East Airlines, Lebanon's...