Energy transition spurred Saudi halt to oil expansion: official RIYADH: Saudi Arabia’s surprise decision to halt a planned expansion of its oil production capacity reflects... Published 13 Feb, 2024 05:59am
Markets Saudi minister says energy transition behind Aramco capacity halt DHAHRAN, SAUDI ARABIA: Saudi Arabia decided to halt its oil capacity expansion plans because of the energy... Published 12 Feb, 2024 04:02pm
Markets Pakistan’s remittances clock in at $2.4bn in January, up 26% YoY However, inflow increase only 1% on a monthly basis Updated 12 Feb, 2024 10:40pm
Print Yemen to receive 2nd $250m tranche of Saudi grant soon DUBAI: Yemen will receive a second $250 million instalment from a Saudi one-year $1 billion grant on Sunday or... Updated 12 Feb, 2024 08:40am
World Saudi warns of ‘catastrophe’ if Israel moves on Rafah RIYADH: Saudi Arabia said on Saturday that Israel’s planned army operation in overcrowded Rafah would cause a... Published 10 Feb, 2024 05:17pm
World Saudi hosts Arab diplomats for Gaza talks after Blinken tour RIYADH: Four top Middle Eastern diplomats reiterated calls for “irreversible” steps towards the recognition of a... Published 09 Feb, 2024 10:36am
World Saudi Arabia says there will be no diplomatic relations with Israel without an independent Palestinian state CAIRO: Saudi Arabia has told the US its position stands that there will be no diplomatic relations with Israel... Updated 07 Feb, 2024 02:01pm
World South Korea, Qatar defence ministers agree to boost military ties SEOUL: The defence ministers of South Korea and Qatar have agreed to expand joint military training and strengthen... Published 07 Feb, 2024 10:42am
World Saudis agree $3.2bn deal to buy South Korean missile defence system SEOUL: South Korean defence firm LIG Nex1 has won a $3.2 billion deal to export a mid-range surface-to-air missile... Published 06 Feb, 2024 05:32pm
World Saudi more than doubles 2030 foreign tourism target: minister RIYADH: Saudi Arabia drew 27 million foreign tourists in 2023 and has more than doubled its goal for the end of the... Published 06 Feb, 2024 05:18pm
Sports Novak Djokovic, Nadal to headline ‘Six Kings Slam’ in Saudi Arabia Saudi Arabia will host a new elite tennis exhibition featuring Novak Djokovic and Rafa Nadal with three other Grand... Published 06 Feb, 2024 01:54pm
Markets Saudi Arabia keeps Arab Light crude price to Asia unchanged in surprise move SINGAPORE: Top oil exporter Saudi Arabia unexpectedly kept March price of its flagship Arab Light crude to Asia... Published 06 Feb, 2024 10:53am
World Blinken arrives in Riyadh amid heightened Mideast tensions RIYADH: US Secretary of State Antony Blinken arrived in Saudi Arabia on Monday, his first stop in a wider tour of... Published 05 Feb, 2024 08:46pm
World Saudi Arabia budget records surplus of $4.27bn in 2023 DUBAI: The Saudi Arabia 2023 budget recorded a surplus of 16 billion riyals ($4.27 billion) compared to the... Published 05 Feb, 2024 06:17pm
World South Korea, Saudi Arabia sign agreement on defence cooperation SEOUL: South Korea and Saudi Arabia on Sunday signed a memorandum of understanding to expand defence cooperation,... Published 05 Feb, 2024 12:07pm
Perspectives Biden’s conundrum: clock is ticking, Mr President This past week saw a number of countries suspending their funding to the United Nations Relief and Works Agency for... Updated 02 Feb, 2024 02:36pm
Markets OPEC+ committee meeting expected to keep output policy unchanged LONDON/DUBAI/MOSCOW: A committee of OPEC+ ministers on Thursday is not expected to make any recommendations to... Published 01 Feb, 2024 03:48pm
World South Korea defence minister heads to Middle East for talks, arms expo SEOUL: South Korea’s defence minister Shin Won-sik departs on Thursday for a seven-day trip to the Middle East to... Published 01 Feb, 2024 11:33am
Markets Saudi Arabia mulls reviving Aramco share sale: Bloomberg Saudi Arabia is considering reviving plans for a follow-on share offering in state oil company Saudi Aramco to raise... Published 31 Jan, 2024 07:37pm
Markets Aramco halts plan to raise production capacity RIYADH: Saudi Arabia has ordered energy giant Aramco to maintain its oil production capacity at 12 million barrels... Published 31 Jan, 2024 05:22am
World IMF cuts Saudi Arabia’s 2024 GDP forecast amid lower oil production DUBAI: The International Monetary Fund lowered its 2024 forecast for economic growth in Saudi Arabia to 2.7% on... Published 30 Jan, 2024 06:29pm
Business & Finance Saudi Aramco halts plan to raise production capacity: statement RIYADH: Saudi Arabia has ordered energy giant Aramco to maintain its oil production capacity at 12 million barrels... Published 30 Jan, 2024 12:08pm
World Keep supporting UN Palestinian refugee agency, Saudi urges RIYADH: Saudi Arabia said Monday donors should continue supporting the main UN aid agency for Palestinians after... Published 29 Jan, 2024 10:35pm
World Saudi Arabia prepares to open first alcohol store for diplomats RIYADH: Saudi Arabia is preparing to open its first alcohol store in the capital Riyadh which will serve exclusively... Updated 24 Jan, 2024 09:39pm
Technology Riyadh’s multi-billion EV dream risks crashing into reality RIYADH: Riyadh has spent billions to try to turn itself into a hub for electric vehicles and overcome obstacles... Published 23 Jan, 2024 12:38pm
Print Forex repatriation against remittances: Govt striving to ink G2G pact with Saudi Arabia, UAE ISLAMABAD: The government is reportedly making hectic efforts for a government-to-government (G2G) agreement with... Updated 23 Jan, 2024 09:41am
World Hapag-Lloyd to offer land transit through Saudi Arabia amid Red Sea disruption BERLIN: German shipping group Hapag-Lloyd will continue to route its vessels around the Cape of Good Hope until... Published 22 Jan, 2024 06:38pm
Markets Saudi Arabia’s November crude exports hit 5-month high Saudi Arabia’s crude oil exports in November climbed to their highest level in five months and marked a third... Published 22 Jan, 2024 06:32pm
Print KSA yet to respond to deferred oil payment request ISLAMABAD: Saudi Arabia has reportedly not responded to Pakistan’s request to extend purchase of oil on deferred... Updated 22 Jan, 2024 10:02am
World Saudi's foreign minister: No normal Israel ties without path to Palestinian state: CNN WASHINGTON: Saudi Arabia’s foreign minister said there can be no normalization of ties with Israel without resolving... Updated 21 Jan, 2024 10:35pm