Saudi Arabia Financial News

13.02 / 12:54

markets Extreme Action economy country International Oil markets should be ‘comfortable’ in 2024, IEA says

Global oil markets should remain “comfortable” this year as new supplies satisfy demand and keep prices in check, according to the International Energy Agency.

12.02 / 16:11

markets Target Reuters Corning SOLIDARITY week Oil slips after rally last week on Middle East, tight supply

markets. Brent crude futures were down 54 cents, or about 0.7%, at $81.65 a barrel, while U.S. West Texas Intermediate crude futures slipped 32 cents, also about 0.4%, to $76.52 a barrel at 1426 GMT.

11.02 / 01:31

Citi Southern Death War hospital evacuation Israeli strikes kill 44 Palestinians in Rafah after Netanyahu says ground invasion is coming there

Israeli airstrikes killed at least 44 Palestinians — including more than a dozen children — in the southern Gaza city of Rafah on Saturday, hours after Israel's prime minister said he had asked the military to plan for the evacuation of hundreds of thousands of people there ahead of a ground invasion. Benjamin Netanyahu did not provide details or a timeline, but the announcement set off panic and warnings from diplomats. More than half of Gaza's 2.3 million people are packed into Rafah, many after following Israeli evacuation orders that now cover two-thirds of the territory. It's not clear where they could run next.

09.02 / 19:49

BLOCK security Trade Why India will face political and trade hurdles as long as Iran’s Islamic regime remains in power

Iran. New Delhi may see the attack as an opportunity to improve ties with Tehran and open a second front against Pakistan. That would be a mistake. India needs only to consider the aftermath of the October 7 terrorist attacks by Tehran-backed Hamas in Israel to realise this. That assault has led to a growing chain of military conflicts that negatively affect India's vital national interests in trade, energy and transport. Here's how Iran's actions and policies are undermining India's interests:

09.02 / 16:13

markets UPS Reuters Strategy performer Exclusive-Renault, Geely expect to finalise engines tie-up this month - sources

By Gilles Guillaume

29.01 / 14:03

Apple Inter Miami vs Al-Hilal live streaming of Lionel Messi match: Start time, date, when and where to watch

Lionel Messi's Inter Miami are taking on Al-Hilal today in Riyadh Season Cup in Saudi Arabia. Miami, the Major League Soccer (MLS) club has embarked on the worldwide preseason tour. After playing Al-Hilal, they will take on Cristiano Ronaldo's Al-Nassr.

29.01 / 01:04

CBDC Digital economy Trade War politician Russian Economist: ‘US Sanctions Will Undermine Dollar and Boost Digital Ruble’

A leading Russian economist has claimed that American sanctions will ultimately undermine the role of the US dollar in the global economy – and help the cross-border adoption of the digital ruble.

28.01 / 23:34

security President War gatherings Three US service members killed, many wounded in drone attack on US forces in Jordan: Joe Biden

AP quoted US President Joe Biden as saying in a statement on 28 January. It is the first time American military personnel have been killed by hostile fire in the Middle East since the start of the Israel-Hamas war, and the incident will further raise tensions in the region and fuel fears of a broader conflict directly involving Iran. Hamas said the death of the soldiers shows Washington's backing for Israel could put it at odds with the whole Muslim world if the Gaza war continues and that it could lead to a "regional explosion." "While we are still gathering the facts of this attack, we know it was carried out by radical Iran-backed militant groups operating in Syria and Iraq," Biden said in a statement.

27.01 / 14:33

Citizens security country reports International Financial Pakistan seeks $2 billion financial assistance from China for a year: Report

The Express Tribune newspaper reported. According to the report, in a letter to Chinese Premier Li Qiang, caretaker Prime Minister Anwaarul Haq Kakar has requested his counterpart to roll over the debt as soon as the deposit time for the loan from China is completed on March 23.

27.01 / 11:33

security Election country reports International Cash-strapped Pakistan seeks $2 billion loan from China

Pakistan has sought financial assistance of USD 2 billion from its close ally China for a year, according to a media report on Saturday. Caretaker Prime Minister Anwaarul Haq Kakar, in a letter, has requested his Chinese Premier Li Qiang to roll over the debt as soon as the deposit time for the loan from China is completed on March 23. In his letter, Kakar expressed gratitude to China for its financial assistance to Pakistan during its economic crisis as the cash-strapped country has secured a safe deposit of a total of USD 4 billion in loans from China, reducing the country's mounting pressure on external debt payments and stabilising its foreign exchange reserves, The Express Tribune newspaper reported.

27.01 / 11:29

Fighting country evacuation rights International The difference between a “ceasefire” and a “humanitarian pause”

Arab League and the Organisation of the Islamic Conference in Saudi Arabia on November 11th, for instance, called for the former. Two days later the 27 member states of the European Union reiterated their support for the latter. America will also only support pauses, as will the G7 group of rich countries.

26.01 / 01:31

markets Citi Food pandemic reports Courts Rebel Foods has an IPO on the menu

BENGALURU , NEW DELHI : Peak XV-backed Rebel Foods that owns Faasos, Behrouz Biryani and Mandarin Oak is working towards an initial public offering (IPO), which would make it the country’s first cloud kitchen business to go public. Rebel Foods plans to file its draft share sale papers in the later half of the year and list on exchanges next year. “An IPO is an important milestone for the company since it became a unicorn.

25.01 / 11:27

IPO Healthcare Universities hospital 2020 medicines One of world’s richest doctors sees fortune surge to $12 billion

Saudi doctor saw his fortune close in on $12 billion on Thursday as shares of his healthcare firm rebounded, returning him to the ranks of the Middle East’s wealthiest private individuals. Shares in Sulaiman Al Habib’s eponymous company have surged 30% since hitting a one-year low in October. That’s made Al Habib — who founded the firm and holds a 40% stake — the third-richest person in the Middle East who’s not a member of a royal family, according to the Bloomberg Billionaires Index.

24.01 / 23:25

Mobile economy Inside social reports International Destinations Saudi Arabia opens its first liquor store in over 70 years as kingdom further liberalizes

A liquor store has opened in Saudi Arabia for the first time in over 70 years

24.01 / 15:21

markets Reuters Mobile economy country exclusive International open Saudi Arabia to open first alcohol store in Riyadh for non-Muslim diplomats

RIYADH : Saudi Arabia is preparing to open its first alcohol store in the capital Riyadh which will serve exclusively non-Muslim diplomats, according to a source familiar with the plans and a document. Customers will have to register via a mobile app, get a clearance code from the foreign ministry, and respect monthly quotas with their purchases, said the document, which was seen by Reuters. The move is a milestone in the kingdom's efforts, led by Saudi Crown Prince Mohammed bin Salman, to open the ultra-conservative Muslim country for tourism and business as drinking alcohol is forbidden in Islam.

24.01 / 04:45

Citi Ball PINK Celebrity show Headlines International Lionel Messi and Inter Miami show off new jersey, help christen a new ship

Lionel Messi showed off a new jersey, then helped christen a new ship

24.01 / 04:23

UPS security wellness President War country Connecting India with Europe: World’s most ambitious trade route stalls in Mideast turmoil

The Israel-Hamas war has halted progress on what’s known as the India-Middle East-Europe Economic Corridor (IMEC)— a project touted last year by Washington and key allies that envisages building new rail links across the Arabian peninsula. As Houthi attacks disrupt Red Sea shipping and turmoil spreads across the region, IMEC is effectively on ice.

22.01 / 17:29

MET security Death War EU pushes Israel on 2-state solution after war in Gaza

Gaza, at meetings with the top diplomats from the two sides and key Arab states in Brussels. The surprise Hamas attack on October 7 on Israel and the subsequent devastating military response from Israel has plunged the Middle East into fresh turmoil and sparked fears of a broader conflict.

22.01 / 14:03

UPS Citi security War International The A to Z of the Arab-Israeli conflict

United Arab Emirates and Bahrain in September 2020. Sudan normalised relations with Israel the following month and Morocco in December 2020. Negotiations between Israel and Saudi Arabia were disrupted by the war between Israel and Hamas which began in October 2023.

22.01 / 11:35

Provident Hapag-Lloyd to offer land transit through Saudi Arabia amid Red Sea disruption

BERLIN (Reuters) — German shipping group Hapag-Lloyd will continue to route its vessels around the Cape of Good Hope until further notice due to Houthi attacks on vessels in the Red Sea, it said on Monday, after announcing it was introducing land corridors through Saudi Arabia to mitigate the impact on its business.

22.01 / 10:13

markets UPS country Schools rights Destinations India is the ultimate tourist destination: Vallabh Bhanshali

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