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
World 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
Business & Finance 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
World 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 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
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
World 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
Markets Saudi Arabia says ‘absolutely not’ to oil phase down at COP28 DUBAI: Saudi Arabia’s energy minister has slammed the door shut to agreeing to phase down fossil fuels at the UN’s... Published 05 Dec, 2023 04:22pm
Markets Oil drops close to July low on scepticism over OPEC+ cuts LONDON: Global benchmark Brent fell below $78 a barrel, not far off its July low, despite Saudi Arabia saying OPEC+... Updated 05 Dec, 2023 07:06pm
Pakistan Another fugitive arrested from Saudi Arabia LAHORE: On the instructions of Inspector General Police Punjab, Dr Usman Anwar, the crackdown has been accelerated... Published 05 Dec, 2023 03:01am
World Putin to visit UAE, Saudi Arabia this week MOSCOW: Russian President Vladimir Putin will visit the United Arab Emirates and Saudi Arabia this week, Russian... Published 04 Dec, 2023 10:55pm
Markets Saudi Arabia says OPEC+ output cuts can continue past March if needed: Bloomberg OPEC+ oil production cuts can “absolutely” continue past the first quarter if needed, Saudi Energy Minister Prince... Published 04 Dec, 2023 10:50pm
BR Research Opec’s cut: Not enough? The immediate reaction to Opec’s meeting outcome has surprised many. Brent and WTI edged lower after the cartel... Published 04 Dec, 2023 07:36am
Pakistan Parliamentary panel informed: ‘Major focus on ‘Saudi Arabia’s Vision 2030’ to bolster workforce in KSA’ ISLAMABAD: A parliamentary panel was informed on Friday that the country’s major focus is Saudi Arabia’s Vision... Published 02 Dec, 2023 05:09am
Life & Style Travelling over the holidays: 5 destinations worth considering As the winter holidays draw nearer, for those looking for a quick escape or a closer look at festive lights and... Published 01 Dec, 2023 06:46pm
Sports Saudi Arabia to host Asian Champions League Elite finals HONG KONG: Saudi Arabia will host the first two editions of the Asian Champions League Elite finals when the... Published 01 Dec, 2023 12:54pm
Markets OPEC+ agrees oil output cuts approaching 2mn bpd, sources say LONDON/MOSCOW/DUBAI: OPEC+ oil producers on Thursday agreed to output cuts approaching 2 million barrels per day... Updated 30 Nov, 2023 08:50pm
Markets OPEC+ ministers meet to discuss additional oil output cuts LONDON: The OPEC+ alliance was set to hold a set of meetings on Thursday to discuss additional oil production cuts... Published 30 Nov, 2023 01:30pm
Markets OPEC+ talks continue with prospect for deeper oil cuts unclear DUBAI/LONDON: OPEC+ is continuing to hold talks on 2024 oil policy ahead of a Thursday ministerial meeting, as... Published 30 Nov, 2023 04:53am
Business & Finance Saudi wealth fund scoops up 10pc of London Heathrow airport LONDON: Saudi Arabia’s sovereign wealth fund is to buy ten percent of London’s Heathrow airport from Spanish... Published 30 Nov, 2023 04:53am
Markets Saudi Fund for Development extends term of $3bn deposit for another year: SBP The $3 billion-deposit agreement was initially signed through the SFD with the SBP in the year 2021 Updated 29 Nov, 2023 09:40pm
Behind the screens: SECP probe into State Life’s equity investment process opens Pandora’s box at PSX?