Trends - Saudi Arabia - Business Recorder

Markets

Oil perks up as Red Sea tensions spark investor jitters

LONDON: Global oil benchmark Brent topped $80 a barrel on Wednesday amid jitters over global trade disruption and...

Updated 20 Dec, 2023 05:11pm

Markets

Saudi Arabia buys 1,353,000 tons of wheat in tender

DUBAI: Saudi Arabia bought 1,353,000 metric tons of wheat in a tender, the General Food Security Authority (GFSA)...

Published 18 Dec, 2023 01:52pm

World

World leaders arrive in Kuwait to pay respects after emir’s death

KUWAIT: Foreign dignitaries arrived in the Gulf state of Kuwait to offer condolences for the death of emir Sheikh...

Published 18 Dec, 2023 10:12am

Print

Iran lifts visa rules for 33 countries including Gulf states

DUBAI: Iran said it was lifting visa requirements for 33 countries, including Gulf states like Saudi Arabia with...

Published 15 Dec, 2023 03:12am

Print

OPEC+ cartel’s grip on oil market loosening: IEA

PARIS: Slowing demand growth and rising US crude production will make it more difficult for OPEC+ to continue to...

Updated 15 Dec, 2023 09:22am

World

Saudi inflation in November rises slightly to 1.7%

RIYADH: Saudi Arabia’s annual inflation rate rose to 1.7% in November from 1.6% the previous month, government data...

Published 14 Dec, 2023 12:14pm

World

White House’s Sullivan discusses Gaza war with Saudi crown prince

WASHINGTON: White House national security adviser Jake Sullivan met with Saudi Crown Prince Mohammed bin Salman in...

Published 14 Dec, 2023 11:58am

World

Saudi energy minister: in agreement with COP28 presidency on final deal

DUBAI: Saudi Arabia’s energy minister Prince Abdulaziz bin Salman said on Wednesday he was in agreement with the...

Published 13 Dec, 2023 05:17pm

World

UN chief urges COP28 to phase out fossil fuels

DUBAI: UN Secretary-General Antonio Guterres on Monday urged an agreement at COP28 to phase out fossil fuels,...

Published 11 Dec, 2023 01:33pm

Sports

WTA says no decision yet on 2024 Finals host amid reported Saudi interest

BENGALURU: The WTA is yet to decide on a venue for its 2024 season-ending Finals, the governing body of women’s...

Published 11 Dec, 2023 12:25pm

Print

Saudi minister seeks govt’s intervention for resolution of KE issue

ISLAMABAD: Saudi Minister for Investment Khalid A Al-Falih has sought intervention of Caretaker Minister for Finance...

Updated 11 Dec, 2023 09:47am

Markets

Saudi bourse gains on rising oil prices

DUBAI: Saudi Arabia’s stock market ended higher on Sunday in response to rising oil prices, although the Qatari...

Published 11 Dec, 2023 06:41am

Print

China, Saudi to expand trade and investment cooperation

BEIJING: Saudi Arabia’s investment minister met with China’s commerce and industry chiefs in Beijing on Sunday...

Published 11 Dec, 2023 06:41am

World

Iran and Saudi Arabia to negotiate on direct scheduled flights

DUBAI: Iran and Saudi Arabia will start formal talks next week to resume direct scheduled flights between Tehran and...

Published 10 Dec, 2023 03:28pm

World

China, Saudi to expand trade and investment cooperation

BEIJING: China’s Commerce Minister Wang Wentao met Saudi Arabia’s Minister of Investment Khalid Al-Falih in Beijing...

Updated 10 Dec, 2023 03:28pm

Markets

Oil heads for seven week decline for first time in five years

LONDON: Oil benchmarks were on track for a seven-week decline on Friday, their first in half a decade, on worries...

Updated 08 Dec, 2023 07:56pm

Print

Raisi condemns Gaza ‘genocide’ at Moscow talks with Putin

MOSCOW: Iranian President Ebrahim Raisi accused the West on Thursday of supporting “genocide” by Israel against...

Published 08 Dec, 2023 05:20am

Print

Russia and Saudi Arabia urge OPEC+ countries to join output deal

MOSCOW: Russian President Vladimir Putin and Saudi Crown Prince Mohammed bin Salman have urged all OPEC+ countries...

Published 08 Dec, 2023 05:20am

Business & Finance

Saudi Q3 GDP shrinks 4.4% y/y, in line with earlier estimates

RIYADH: Saudi Arabia’s real gross domestic product (GDP) contracted by 4.4% in the third quarter, government data...

Published 07 Dec, 2023 12:56pm

World

UAE planning to develop a national investment strategy

ABU DHABI: The United Arab Emirates is working on developing a national investment strategy, its recently appointed...

Published 07 Dec, 2023 12:51pm

Print

Putin meets Nahyan, MbS in whirlwind Gulf visit

RIYADH: Russian President Vladimir Putin landed in Saudi Arabia on Wednesday and immediately began hastily arranged...

Published 07 Dec, 2023 04:35am

Print

Saudi Arabia urges US restraint as Houthis attack ships in Red Sea

RIYADH/DUBAI: Saudi Arabia has asked the United States to show restraint in responding to attacks by Yemen’s...

Published 07 Dec, 2023 04:35am

World

Saudi Arabia urges US restraint as Yemen’s Houthis attack ships in Red Sea

Houthis have waded into conflict that has spread around Middle East since war in Gaza erupted on October 7, attacking vessels in vital shipping lanes and firing drones and missiles at Israel

Published 06 Dec, 2023 09:47pm

World

Saudi expects budget deficits in 2023, 2024: finance ministry

RIYADH: Saudi Arabia on Wednesday announced it was projecting a budget deficit of 2 percent of GDP in 2023 and 1.9...

Published 06 Dec, 2023 08:04pm

World

Putin lands in Abu Dhabi on Middle East visit

ABU DHABI: President Vladimir Putin is in the United Arab Emirates for a rare visit outside the former Soviet Union...

Updated 06 Dec, 2023 10:20pm

World

Iran court orders US to pay $50bn for Soleimani assassination

TEHRAN: A Tehran court has ordered the US government to pay nearly $50 billion in damages for assassinating a top...

Published 06 Dec, 2023 03:17pm

World

Putin to talk oil in UAE and Saudi, to meet Crown Prince Mohammed bin Salman

MOSCOW: Russian President Vladimir Putin visits the United Arab Emirates and Saudi Arabia on Wednesday and will hold...

Published 06 Dec, 2023 01:43pm

Markets

Saudi Arabia lowers Arab Light crude price to Asia

Top oil exporter Saudi Arabia has lowered prices for the flagship Arab light crude it sells to Asia in January for...

Published 06 Dec, 2023 11:36am

Print

Saudi Arabia offers tax breaks for companies moving regional HQs to Riyadh

RIYADH: Saudi Arabia said on Tuesday it will offer tax incentives for foreign companies that locate their regional...

Published 06 Dec, 2023 04:27am

World

Kremlin says Putin will visit Saudi Arabia, UAE Wednesday

MOSCOW: President Vladimir Putin will visit Saudi Arabia and the United Arab Emirates on Wednesday, the Kremlin has...

Published 05 Dec, 2023 05:32pm