Saudi Arabia Financial News

06.03 / 16:29

Target Reuters Trade War reports rights Mideast Starbucks franchisee firing 2,000 workers after being targeted in Israel-Hamas war boycott

The Middle East franchisee of Starbucks has begun firing some 2,000 staff at its coffee shops across the region after the brand found itself targeted by activists during the ongoing Israel-Hamas war in the Gaza Strip

06.03 / 07:41

markets UPS Racing Enterprise wellness Trade Red-hot PSU stocks outclass global peers, but history may be harder to beat

The name ‘Secretariat’ may not ring a bell with most people, but racetrack regulars swear by it. Secretariat was an American thoroughbred who is widely considered the greatest racehorse of the 20th century. The sly steed had a signature move.

06.03 / 07:07

markets economy show country reports Mint Explainer: Why Opec+ is extending production cuts till June

Mint explains why the Opec+ has curbed output and the demand outlook for the world. Crude oil price (Brent) has stayed below $100 a barrel since August 2022, after the sharp rise in the early days of the Russian invasion of Ukraine. While it has largely held above $80, the price dipped to the low seventies a few times in the past year.

05.03 / 15:55

Netflix Boxing Golf stage audience Sporting Full Swing Season 2: Golf's drama unveils on the green – Premiere date announced

Full Swing Season 2 defies this perception, catapulting viewers into the heart of the high-stakes and fiercely competitive world of professional golf. Set to stream on March 6, 2024, the second season promises an immersive journey, building on the success of its predecessor.

05.03 / 00:47

markets Platform Software Sustainability students social Schools HCL Group invests Rs 166 crore in edtech firm Education Initiatives

HCL Group has invested Rs 166 crore to acquire a minority stake in education software company Educational Initiatives (Ei) This is a part of the secondary stake sale, where HCL Group has acquired a portion of the stake held by Mumbai-based private equity firm Gaja Capital in Ei.

04.03 / 17:31

markets Citi Bill country cover reports India in talks with Venezuela, Guyana for crude oil amid OPEC+ production cuts

NEW DELHI : India is in talks with several countries including Guyana, Suriname and Namibia to source crude oil at a time when the Organization of the Petroleum Exporting Countries and its allies have decided to extend their production cuts. India will also source oil from Venezuela in lieu of stuck dividends worth $600 million, Union minister for petroleum and natural gas, Hardeep Singh Puri, said on Monday. The country will comfortably navigate through any market volatility and supply crunch arising as a result of the OPEC cuts, he added.

04.03 / 15:08

markets Citi Bill country cover reports India turns to Venezuela, Guyana after OPEC+ extends production cuts

NEW DELHI : India is in talks with several countries including Guyana, Suriname and Namibia to source crude oil after the Organization of the Petroleum Exporting Countries and its allies decided to extend production cuts. India will also source oil from Venezuela in lieu of stuck dividends worth $600 million, Union minister for petroleum and natural gas, Hardeep Singh Puri, said on Monday. The country will comfortably navigate through any market volatility and supply crunch arising as a result of the OPEC cuts, he added.

04.03 / 13:41

markets UPS Target Apple NVIDIA performer NVIDIA replaces Aramco as third most-valuable company

Investing.com — Nvidia (NASDAQ:NVDA) has overtaken Saudi Aramco (TADAWUL:2222) in market value, making it the world’s third-most valuable public company after Apple (NASDAQ:AAPL) and Microsoft (NASDAQ:MSFT).

04.03 / 03:27

markets UPS wellness country OPEC+ production cuts deepen with extensions from Saudi Arabia, Russia and other oil giants

Some members of oil cartel OPEC, led by Saudi Arabia, and allied producers like Russia are again deepening their voluntary crude supply cuts

03.03 / 19:13

markets Football FIFA Sony rights cricket Sporting Sony renews exclusive media rights deal with UEFA for 3 years

kabaddi. Following the renewal, Sony Sports Network now holds rights to most of the popular football events, excluding the English Premier League (EPL) and FIFA tournaments. Media rights for the 2026 FIFA World Cup is yet to be sold.

03.03 / 16:37

markets Reuters economy country International OPEC+ members extend oil output cuts to second quarter

By Maha El Dahan and Alex Lawler

03.03 / 15:33

markets Reuters economy WhatsApp Trade OPEC+ members agree to extend voluntary cuts to Q2

OPEC and allies led by Russia (OPEC+) have agreed to extend voluntary first-quarter oil output cuts into the second, sources said on Sunday. OPEC+ in November agreed to voluntary cuts totalling about 2.2 million barrels per day (bpd) for the first quarter, led by Saudi Arabia rolling over its own voluntary cut. OPEC+ has implemented a series of output cuts since late 2022 to support the market amid rising output from the United States and other non-member producers and worries over demand as major economies grapple with high interest rates.

02.03 / 17:51

Target Southern War country reports SOLIDARITY International Ship sunk by Houthis threatens Red Sea environment, Yemeni government says

ADEN, Yemen (Reuters) -The UK-owned Rubymar, attacked by Houthi militants last month, has sunk in the Red Sea, Yemen's internationally recognised government said on Saturday, warning of a «environmental catastrophe» from the ship's cargo of fertilizer.

02.03 / 17:22

Waters Food DISH country Ramadan 2024 in India: When does the holiest Muslim month start? Check time, iftar details

Ramadan from dawn to sunset, during which they refrain from eating, drinking, smoking, and engaging in sinful behavior. The pre-dawn meal before fasting begins is called Suhoor, and the meal to break the fast at sunset is called Ramadan Iftar. The Islamic lunar calendar follows the phases of the moon and every year Ramadan falls approximately 10 days earlier than the Gregorian calendar.

02.03 / 15:09

markets Reuters security wellness show country reports Oil reports weekly gain as traders await OPEC+ quarterly supply decision; Brent settles 2% higher at $83/bbl

Also Read: US sanctions threaten Russian oil sales to India; complicate process for OMCs to secure annual deals: Report Back home, on the Multi Commodity Exchange (MCX), crude oil futures due for a March 19 expiry, last settled 0.02 per cent lower at ₹6,637 per bbl, having swung between ₹6,475 and ₹6,694 per bbl during the session, against a previous close of ₹6,638 per barrel. -A decision on extending OPEC+ cuts is expected in the first week of March, with individual countries expected to announce their decisions. Analysts said that the expectation that OPEC+ is going to continue with their voluntary production cuts well into the second quarter of 2024.

02.03 / 05:37

community country reports travelers Ramadan 2024: When will the holy month start in India, UAE, Saudi Arabia, Bangladesh, other countries. All details here

Ramadan started on March 24 and finished on April 21. In countries like United Arab Emirates, Bahrain, Kuwait, Lebanon, Oman, Pakistan, Saudi Arabia, UK, US, Turkey, Maldives, Ramadan is likely to start on 11 March. In India, Bangladesh, Indonesia, Egypt, Ramadan is likely to start from 12 March, a report by Hindustan Times has states.

02.03 / 01:17

FIVE NVIDIA Research DELL testing Chipmaker Nvidia surges past Saudi Aramco, becomes world's third-largest company

Nvidia's stock added 4 per cent after Dell, which sells high-end servers made with Nvidia's processors, gave an upbeat forecast late on Thursday, pointing to a surge in orders for its AI-optimized servers. The Nasdaq 100 climbed almost 1.5 per cent, a gauge of chipmakers jumped over 4% and Nvidia Corp. led gains in megacaps.

01.03 / 12:01

markets UPS Trade show track country Oil rises 1% as markets await OPEC+ decision

By Robert Harvey

29.02 / 08:31

film Inside social Ramadan 2024: Find out why Saudi Arabia's Prince Mohammad Bin Salman banned iftar in mosques ahead of Ramadan

notice stated, “Iftar projects should not be held inside mosques due to concerns about cleanliness, so an appropriate place should be prepared in the mosques’ courtyards without the use of temporary rooms, tents, or the like, and that Iftar should be under the imam’s and muezzin’s responsibility, with the obligation of the one who breaks the fast to clean the place immediately after finishing food." Moreover, the Ministry discouraged using cameras inside the mosque premises, stating that they should not be used to record the imam and worshippers offering namaz, as this undermines worshippers’ reverence. The Ministry also issued orders that prayers should not be broadcast on media of any kind, including social media.

27.02 / 23:14

MET Fighting President War peace International Ukrainian President Zelenskyy lands in Saudi Arabia to push for peace and a POW exchange with Russia

Ukrainian President Volodomyr Zelenskyy has arrived to Saudi Arabia and met the kingdom’s powerful crown prince to push for a peace plan and the return of prisoners of war from Russia

27.02 / 03:35

Target Reuters CEO wellness country travelers Interviews Woodside always 'running ruler' over deals after profit beats forecast

By Lewis Jackson and Sameer Manekar

latest developments in Saudi Arabia

What is the current situation in Saudi Arabia?

In Saudi Arabia, the spotlight is on local government initiatives that spark public discussion.

Where can I find reliable news about Saudi Arabia?

We publish reliable reports about the situation in Saudi Arabia, based on information from official representatives.

What shapes the media agenda in Saudi Arabia?

The news landscape of Saudi Arabia is shaped by the region’s internal dynamics, reflecting its unique context.