Business
Saudi Arabia
KHOBAR, Saudi Arabia, Aug 17- Saudi Arabia's crude oil exports in June fell slightly to 6.889 million barrels per day, 35,000 bpd lower than the May level, official data showed. OPEC's biggest producer also pumped 10.070 million bpd in June, up 190,000 bpd from May, according to a posting on the Joint Organizations Data Initiative website. OPEC's share of the cuts,...
New app Sarahah, created in Saudi Arabia, branded itself as a way to collect "honest" feedback, The Verge reports.
DUBAI, Aug 14- Saudi Arabia is set to restart work on one of the world's largest hotel projects, the $3.5 billion Abraj Kudai in Mecca, where a financial squeeze halted construction in 2015.. Renewed plans for the government-funded project signal Riyadh is again willing to spend on strategic economic development projects such as tourism and are a boost for Saudi...
EXCLUSIVE-SAUDI BINLADIN GROUP PREPARING TO RESTART WORK ON $3.5 BLN ABRAJ KUDAI HOTEL PROJECT IN MECCA- SOURCES.
Saudi Arabia’s planned execution of 14 Shiite protesters suggests the government’s handling of sectarian tensions and unrest remains unchanged.
DUBAI, Aug 13- Yemen's central bank has complained to its allies in a Saudi-led military coalition about a lack of cash deliveries needed to pay salaries, in a sign of the government's struggle to keep the war-torn country's economy afloat. There are two opposing central banks in Yemen- an internationally recognized one in the southern city of Aden and another in...
*UAE also assures EU no business bias over Qatar. DUBAI, Aug 13- Four Arab countries that imposed sanctions on Qatar have told the United States that U.S. companies doing business with them would not be punished for also working with Doha, four sources with knowledge of the matter said. The European Union has been given similar "official... verbal assurances" by the UAE,...
Trump will be sending three officials to the Middle East to discuss resuming the Israeli-Palestinian peace process, the White House reports.
Oil producers are losing their resolve to cap output just as their supply cuts are starting to rebalance the market, the IEA says.
*New York float would demand more disclosure than London. DUBAI/ RIYADH/ LONDON, Aug 11- Saudi Arabia favours New York for the main foreign listing of state oil giant Aramco, even though some financial and legal advisers have recommended London as a less problematic and risky option, people familiar with the matter told Reuters. Prince Mohammad may choose to list...
*New York float would demand more disclosure than London. DUBAI/ RIYADH/ LONDON, Aug 11- Saudi Arabia favors New York for the main foreign listing of state oil giant Aramco, even though some financial and legal advisers have recommended London as a less problematic and risky option, people familiar with the matter told Reuters. Prince Mohammad may choose to list...
But, some financial and legal advisers have recommended London as a less problematic and risky option, sources told Reuters.
*New York float would demand more disclosure than London. DUBAI/ RIYADH/ LONDON, Aug 11- Saudi Arabia favours New York for the main foreign listing of state oil giant Aramco, even though some financial and legal advisers have recommended London as a less problematic and risky option, people familiar with the matter told Reuters. Prince Mohammad may choose to list...
*New York float would demand more disclosure than London. DUBAI/ RIYADH/ LONDON, Aug 11- Saudi Arabia favors New York for the main foreign listing of state oil giant Aramco, even though some financial and legal advisers have recommended London as a less problematic and risky option, people familiar with the matter told Reuters. Prince Mohammad may choose to list...
Paul Hickin, associate editorial director at S&P Global Platts, speaks about the latest OPEC report.
Oil prices rose on Thursday, lifted by a sustained decline in inventories and as Saudi Arabia prepared to cut crude supplies to its prized Asian customers.
OPEC raises its collective output for a fourth-straight month, another sign the cartel is struggling to stick to a deal to cut production.
Riyadh has ambitious privatisation plans, including to raise $100 billion through the listing of five percent of state oil firm Saudi Aramco at home and on one or more overseas markets. "The transformation is probably unprecedented in the region and has few historic precedents outside the region for that scale," said Elhedery, who is HSBC's Middle East and North...
Now they are awaiting a pledged crackdown against what Riyadh calls the "reckless people" who defied the order to leave. "We don't know what will happen to us," said Atif Alam, 28, an Indian worker at a desolate labour camp in eastern Riyadh who fears a police raid. He rarely leaves the camp, wary of being seized at police checkpoints on roads throughout Riyadh.
Moody's cut the outlook for Qatar's banking system to negative on Tuesday amid a continuing blockade of the country by its neighbors.
