Trends - Saudi Arabia - Business Recorder

Saudi Arabia

Malaysia in talks with Saudi Arabia to raise palm oil trade to 500,000 tonnes

Malaysia is the world's second-largest palm producer and exporter after Indonesia.

Published 10 Mar, 2021 11:44am

World

Saudi king approves support for Hajj, Umrah operators

The initiatives are aimed at mitigating the financial and economic effects of the COVID-19 pandemic across the sector
Support includes exempting accommodation facilities from the annual fees for municipal commercial activities’ licenses in the cities of Makkah and Medina, where the Islamic pilgrimages take place

Published 09 Mar, 2021 10:40am

Markets

Saudi Arabia buys 660,000 tonnes of barley at $279.77/tonne

It was bought at an average price of $279.77 a tonne c&f, SAGO said. The barley was sought from global suppliers for arrival in Saudi Arabia during April and May.

Updated 08 Mar, 2021 05:10pm

Markets

Euro zone bond markets sell off on rising US bond yields, oil surge

Rising oil prices tend to move closely with inflation expectations in the euro area, pushing bond yields up and their prices down.

Published 08 Mar, 2021 02:29pm

World

Saudi Arabia confirms attacks on Ras Tanura port, Aramco residential area

A ministry spokesman said in a statement on state news agency SPA that neither attack resulted in any injury or loss of life or property.

Published 08 Mar, 2021 10:50am

Markets

OPEC+ debates whether to raise or freeze oil output as price recovers

OPEC+ ministers meet at 1300 GMT.
Market had been expecting OPEC+ to ease curbs.
Outlook for Saudi Arabia's voluntary cut unclear.
Oil prices trade near pre-pandemic levels.

Published 04 Mar, 2021 05:12pm

World

Yemen's Houthis say they fired missile at Saudi Aramco site in Jeddah

There was no immediate confirmation from Saudi authorities.

Published 04 Mar, 2021 09:54am

World

UK defends Yemen aid cuts and arms sales to Saudi

An international aid conference on Yemen this week yielded less than half the funds needed to prevent what the UN warns is a looming famine.

Published 03 Mar, 2021 07:52pm

World

COVID-19 vaccination mandatory for Hajj, says Saudi Health Ministry

Health Minister Tawfiq al-Rabiah says compulsory vaccination would be required for all the pilgrims
In 2020, the kingdom dramatically reduced the number of pilgrims to around 1,000 to help prevent the spread of the coronavirus

Published 03 Mar, 2021 03:03pm

World

No Hajj for pilgrims without COVID-19 vaccination announces Saudi Arabia

As per the Saudi health ministry officials, the COVID-19 vaccine requirement has been made mandatory for those wishing to perform the Hajj this year, and no one will be allowed to perform the Hajj without the vaccine.

Updated 03 Mar, 2021 02:14pm

Pakistan

Pakistan condemns Houthi attacks against Saudi Arabia

A Houthi projectile injured five civilians in a border village in Jazan region.
"Pakistan also calls on Houthi militia to halt its attacks on Ma’arib governorate in Yemen. We reiterate our call for a comprehensive political solution to the conflict in Yemen through peaceful means," FO said.

Published 02 Mar, 2021 04:03pm

World

Press watchdog RSF files lawsuit against Saudi prince over Khashoggi

Its report details the cases of 34 other journalists who have been jailed in Saudi Arabia, including the blogger Raif Badawi, who has been imprisoned in his home country since 2012 on charges of "insulting Islam".

Published 02 Mar, 2021 03:46pm

Markets

Oil slides 1% on fears over higher OPEC supply, slower China demand

Market sentiment was also dampened by weak manufacturing data out of China, Kikukawa said.

Published 02 Mar, 2021 01:33pm

World

U.S. failure to sanction prince for Khashoggi killing 'dangerous': U.N. expert

White House spokeswoman Jen Psaki said on Monday that the United States reserves the right to sanction the crown prince in the future if necessary.

Published 02 Mar, 2021 10:16am

World

Yemen rebels claim Saudi strikes, threaten new attacks

SANAA: Yemen's Iran-backed Huthi rebels on Sunday claimed missile and drone strikes that targeted neighbouring Saudi...

Published 01 Mar, 2021 06:13am

Pompeo claims ‘many’ in Saudi want normalisation with Israel

OCCUPIED JERUSALEM: Former US secretary of state Mike Pompeo said "many" people in Saudi Arabia want normalised...

Published 01 Mar, 2021 06:13am

World

UAE supports Saudi position on U.S. Khashoggi report - state news agency

The UAE’s foreign ministry “expressed its confidence in and support for the Saudi judiciary rulings, which affirm the kingdom’s commitment to implementing the law in a transparent and impartial manner, and holding all those involved in this case accountable,” WAM said.

Published 27 Feb, 2021 06:01pm

Business & Finance

Pakistan, KSA agree to cooperate in the field of Tax & Customs

It was agreed at the meeting that the two countries would take steps to promote cooperation on bilateral relations related to customs and taxes and the relevant institutions of the two countries would adopt each other's best practices.

Published 27 Feb, 2021 04:02pm

World

UN human rights boss urges Saudi Arabia to allow free speech, assembly

Hathloul campaigned for women's right to drive and to end Saudi Arabia's guardianship system that requires women to obtain permission of a male relative for certain decisions and travel.
Bachelet did not refer to the expected release by the Biden administration of a sensitive US intelligence report on the 2018 murder of Saudi journalist Jamal Khashoggi.

Published 26 Feb, 2021 06:29pm

World

Israel in talks to establish 4-nation defense alliance with Saudi, UAE and Bahrain

Jerusalem is reportedly in talks with the Kingdom(s) of Saudi Arabia, Bahrain and the United Arab Emirates, in attempting to establish a quadrilateral defense alliance.
While Jerusalem does not have official diplomatic relations with Riyadh, the countries have long-standing clandestine ties.

Updated 26 Feb, 2021 03:11pm

World

Biden, Saudi king talk by phone: White House

They discussed "the US commitment to help Saudi Arabia defend its territory as it faces attacks from Iranian-aligned groups," a statement said.

Published 26 Feb, 2021 11:21am

World

US report on Khashoggi death expected to single out Saudi crown prince: sources

The report’s release is part of Biden’s policy to realign ties with Riyadh after years of giving the Arab ally and major oil producer a pass on its human rights record and its intervention in Yemen’s civil war.

Published 25 Feb, 2021 01:18pm

World

Pakistan mending ties with Arab bloc, after diplomatic rift in 2020

Pakistan has found itself in a fruitful position, having mended relations with the Saudi-led bloc of Arab nations, while also maintaining ties with an alternate alliance challenging for a leadership role in the wider Muslim world.

Updated 23 Feb, 2021 05:09pm

Business & Finance

Saudi Arabia plans to set up $10 billion oil refinery in Gwadar by year-end

The proposed mega oil city will be developed on 88,000 acres of land to refine and process petroleum products mainly imported from the Gulf region, for local and regional consumption
Petroleum minister says with setting up of an oil refinery in Gwadar, Saudi Arabia will become an important partner in CPEC

Published 22 Feb, 2021 03:30pm

World

Saudi Arabia to invest over $20bn in its military industry over next decade

DUBAI: Saudi Arabia will invest more than $20 billion in its domestic military industry over the next decade as part...

Updated 21 Feb, 2021 05:14pm

World

Saudi Arabia eyes Dubai's crown with HQ ultimatum

Saudi crown prince pushes social and economic change.
Dubai's glitzy reputation has long attracted investors.
From 2024, no new Saudi contracts without a local HQ.
UAE commercial hub takes Saudi business pitch seriously.

Updated 16 Feb, 2021 09:56pm

Business & Finance

Saudi Arabia pushes companies to move headquarters to kingdom

Last year, the twin shocks of the pandemic and a drop in oil prices prompted the top crude exporter to triple its value-added tax and suspend a monthly allowance to civil servants to rein in a ballooning budget deficit.

Published 16 Feb, 2021 11:04am

World

Biden effect: Saudi hastens trials, placates rivals

Biden's new Director of National Intelligence, Avril Haines, has said she intends to declassify a US intelligence report into Khashoggi's murder.

Published 16 Feb, 2021 10:08am

Pakistan

Saudi Arabia ambassador visits FPCCI, seeks removal of trade barriers

He informed that the share of Pakistan in Saudi Arabia’s trade is just 1 percent; while in Pakistan’s trade is approximately 7 percent.

Updated 15 Feb, 2021 06:22pm

World

Saudi Arabia will continue to treat Houthis as terrorists, says Saudi U.N. representative

The Saudi government media office CIC did not immediately respond to a Reuters' request for comment on the decision.

Published 14 Feb, 2021 05:58pm

Gainers
Losers
Leaders

Stock	Price
786 Investments / Jul 28 786 Investments Limited(786)	10.22 ▼ 0.00 (0.00%)
AL- Abbas / Jul 28 Al-Abbas Sugar Mills Limited(AABS)	349.90 ▼ 0.00 (0.00%)
Agro Allianz / Jul 28 Agro Allianz limited(AAL)	11.10 ▼ 0.00 (0.00%)
AL-Abid Silk / Jul 28 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Jul 28 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Jul 28 Allied Bank Limited(ABL)	73.00 ▼ 0.00 (0.00%)
Abbott Lab. / Jul 28 Abbott Laboratories (Pakistan) Limited(ABOT)	772.00 ▼ 0.00 (0.00%)
Abson Ind. / Jul 28 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Attock Cement / Jul 28 Attock Cement Pakistan Limited(ACPL)	178.11 ▼ 0.00 (0.00%)
Adam Sugar / Jul 28 Adam Sugar Mills Limited(ADAMS)	34.85 ▼ 0.00 (0.00%)

Stock	Price
786 Investments / Jul 28 786 Investments Limited(786)	10.22 ▼ 0.00 (0.00%)
AL- Abbas / Jul 28 Al-Abbas Sugar Mills Limited(AABS)	349.90 ▼ 0.00 (0.00%)
Agro Allianz / Jul 28 Agro Allianz limited(AAL)	11.10 ▼ 0.00 (0.00%)
AL-Abid Silk / Jul 28 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Jul 28 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Jul 28 Allied Bank Limited(ABL)	73.00 ▼ 0.00 (0.00%)
Abbott Lab. / Jul 28 Abbott Laboratories (Pakistan) Limited(ABOT)	772.00 ▼ 0.00 (0.00%)
Abson Ind. / Jul 28 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Attock Cement / Jul 28 Attock Cement Pakistan Limited(ACPL)	178.11 ▼ 0.00 (0.00%)
Adam Sugar / Jul 28 Adam Sugar Mills Limited(ADAMS)	34.85 ▼ 0.00 (0.00%)

Stock	Volume

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jul 27	161.40
USD PKR Interbank Buying / Jul 27	161.30
USD to Japanese Yen / Jul 27	109.78
USD to Swiss Franc / Jul 27	0.91
Pound Sterling to USD / Jul 27	1.39
Euro to USD / Jul 27	1.18
UK LIBOR % / Jul 27	0.08

Stock	Volume
S&P 500 / Jul 27	4401.46
India Sensex / Jul 27	52578.76
Tokyo Nikkei / Jul 27	27970.22
Nasdaq / Jul 27	14660.58
Hang Seng / Jul 27	25086.43
FTSE 100 / Jul 27	6996.08
Dow Jones / Jul 27	35058.52
Germany DAX 30 / Jul 27	15519.13
France CAC40 / Jul 27	6531.92

Item	Value
Crude Oil / Jul 27	71.99
Karachi Cotton Assoc. / Jul 27	12880.00
Gold 10 Grams / Jul 27	94050.00
Gold Spot / Jul 27	1800.37
Cotton / Jul 27	90.23

Saudi Arabia

Malaysia in talks with Saudi Arabia to raise palm oil trade to 500,000 tonnes

Saudi king approves support for Hajj, Umrah operators

Saudi Arabia buys 660,000 tonnes of barley at $279.77/tonne

Euro zone bond markets sell off on rising US bond yields, oil surge

Saudi Arabia confirms attacks on Ras Tanura port, Aramco residential area

OPEC+ debates whether to raise or freeze oil output as price recovers

Yemen's Houthis say they fired missile at Saudi Aramco site in Jeddah

UK defends Yemen aid cuts and arms sales to Saudi

COVID-19 vaccination mandatory for Hajj, says Saudi Health Ministry

No Hajj for pilgrims without COVID-19 vaccination announces Saudi Arabia

Pakistan condemns Houthi attacks against Saudi Arabia

Press watchdog RSF files lawsuit against Saudi prince over Khashoggi

Oil slides 1% on fears over higher OPEC supply, slower China demand

U.S. failure to sanction prince for Khashoggi killing 'dangerous': U.N. expert

Yemen rebels claim Saudi strikes, threaten new attacks

Pompeo claims ‘many’ in Saudi want normalisation with Israel

UAE supports Saudi position on U.S. Khashoggi report - state news agency

Pakistan, KSA agree to cooperate in the field of Tax & Customs

UN human rights boss urges Saudi Arabia to allow free speech, assembly

Israel in talks to establish 4-nation defense alliance with Saudi, UAE and Bahrain

Biden, Saudi king talk by phone: White House

US report on Khashoggi death expected to single out Saudi crown prince: sources

Pakistan mending ties with Arab bloc, after diplomatic rift in 2020

Saudi Arabia plans to set up $10 billion oil refinery in Gwadar by year-end

Saudi Arabia to invest over $20bn in its military industry over next decade

Saudi Arabia eyes Dubai's crown with HQ ultimatum

Saudi Arabia pushes companies to move headquarters to kingdom

Biden effect: Saudi hastens trials, placates rivals

Saudi Arabia ambassador visits FPCCI, seeks removal of trade barriers

Saudi Arabia will continue to treat Houthis as terrorists, says Saudi U.N. representative

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