Business News Saudi Arabia

  • WASHINGTON, Oct 16- The White House is warning Chinese shipping companies against turning off their ships' transponders to hide Iranian oil shipments in violation of U.S. sanctions, two senior administration officials said. Trump tightened U.S. sanctions in May in an effort to drive Iran's oil sales to zero. The sanctions are aimed at quashing Iran's nuclear...

  • WASHINGTON, Oct 16- The United States carried out a secret cyber operation against Iran in the wake of the Sept. 14 attacks on Saudi Arabia's oil facilities, which Washington and Riyadh blame on Tehran, two U.S. officials have told Reuters. The strike appears more limited than other such operations against Iran this year after the downing of an American drone in...

  • WASHINGTON, Oct 15- The U.S.- China trade war will cut 2019 global growth to its slowest pace since the 2008-2009 financial crisis, the International Monetary Fund warned on Tuesday, but said output would rebound if their dueling tariffs were removed. The forecasts set a gloomy backdrop for the IMF and World Bank annual meetings this week in Washington, the first...

  • *Dollar gains as doubts weigh on U.S.- China trade deal, Brexit. NEW YORK, Oct 14- Oil prices lost about 2% on Monday on worries that global crude demand could stay under pressure as few details about the first phase of a U.S.- China trade deal did little to assure a quick resolution to the tariff fight. "The complex is in process of relinquishing a major portion of the...

  • RIYADH, Oct 14- President Vladimir Putin signalled Moscow's growing Middle East clout on Monday on his first visit to Saudi Arabia in over a decade, buoyed by Russian military gains in Syria, strong ties with Riyadh's regional rivals and energy cooperation. Moscow accrued power in the Middle East in 2015 by sending troops to Syria, where it and Iran have been key...

  • NEW YORK, Oct 14- Oil prices fell nearly 3% on Monday as a lack of details about the first phase of a trade deal between the United States and China undercut optimism over a trade relations thaw that had helped lift crude markets at the end of last week. "The excitement about the U.S.- China trade deal went away," said Phil Flynn, an analyst at Price Futures Group in...

  • *Iran says it wants "peace and calm" in the region. DUBAI, Oct 14- Iran on Monday urged regional powers to use diplomacy to reduce tensions including Yemen's war, but cautioned that an Iranian tanker damaged in the Red Sea last week had been hit by rockets and there would have to be consequences. Iran and its key regional rival Saudi Arabia are involved in proxy wars...

  • *Russia sees high potential for wheat exports to S. Arabia. SALIC, formed in 2011 to secure food supplies for the kingdom through mass production and foreign investments, has been looking at expanding in Russia and Ukraine, both major Black Sea grain producers and exporters, for several years. "We believe that the Black Sea region of Russia is a very important region,...

  • RIYADH, Oct 14- President Vladimir Putin signaled Moscow's growing Middle East clout on Monday by visiting Saudi Arabia for the first time in over a decade, buoyed by Russian military gains in Syria, strong ties with Riyadh's regional rivals and energy cooperation. Moscow accrued power in the Middle East in 2015 by sending troops to Syria, where it and Iran have...

  • Workers extracting oil from oil wells in the Permian Basin in Midland, Texas on May 1, 2018.

    Oil prices fell more than 2% as scant details about the first phase of a U.S.-China trade deal undercut optimism over a U.S.-Sino thaw.

  • *Russia sees high potential for wheat exports to S. Arabia. SALIC, formed in 2011 to secure food supplies for the kingdom through mass production and foreign investments, has been looking at expanding in Russia and Ukraine, both major Black Sea grain producers and exporters, for several years. "We believe that the Black Sea region of Russia is a very important region,...

  • *Traders eye U.S.- China pact, await details. LONDON, Oct 14- Oil prices fell more than 2% on Monday as scant details about the first phase of a trade deal between the United States and China undercut optimism over a U.S.-Sino thaw that had helped lift crude markets by 2% at the end of last week. Late on Friday, the United States and China outlined the first stage of a...

  • *Traders eye U.S.- China pact, await details. LONDON, Oct 14- Oil prices fell on Monday as scant details about the first phase of a trade deal between the United States and China undercut optimism over a U.S.-Sino thaw that had helped lift crude markets by 2% at the end of last week. Late on Friday, the United States and China outlined the first stage of a trade deal and...

  • *China's Sept oil imports firm but tariffs hurt China. SINGAPORE, Oct 14- Oil prices eased on Monday as scant details on the first phase of a trade deal between the United States and China undercut last week's optimism over a U.S.-Sino thaw that helped to lift crude markets by 2% at the end of last week. The emergence of a phase one trade deal between the United States...

  • Cost of conflict between Iran and Saudi Arabia incredibly high

    NBC News' Ali Arouzi reports from Tehran amid escalating tensions between Iran and Saudi Arabia.

  • *Traders eye U.S.- China pact, await details. *China's September oil demand seen firm. SINGAPORE, Oct 14- Oil prices eased on Monday as scant details on the first phase of a trade deal between the United States and China undercut last week's optimism over the thaw that helped to lift crude markets by 2%.

  • Kirill Dmitriev of the Russian Direct Investment Fund says Russia is not filling a void that the U.S. has left in the Middle East.

  • *Traders eye U.S.- China pact, details of phase 1 agreement. SINGAPORE, Oct 14- Oil prices were little changed on Monday, holding onto 2% gains from Friday amid renewed geopolitical tensions in the Middle East, while a detente in the U.S.- China trade war buoyed market sentiment. The emergence of a phase 1 trade deal between the United States and China and a goodwill...

  • Saudi Arabian Prince Turki Al-Faisal says the oil market "binds the world together" and what happens in the kingdom affects other countries. He also says it's surprising that the U.S. would abandon its allies in Syria.

  • RIYADH, Oct 13- Tourist visas for Saudi Arabia are now available online and on arrival to holidaymakers who already hold a visa from the United States, Britain or the EU's Schengen zone, expanding eligibility beyond an initial list of 49 countries. The conservative Muslim kingdom, relatively closed off for decades, launched a new visa regime last month for...