Saudi Arabia Financial News

The Times of Israel said, citing the claim made by Ehud Ya’ari, the Arab affairs analyst of Israeli news platform Channel 12. The proposal was shot down by Saudi Arabia, the UAE, Jordan, Egypt, Bahrain, Sudan, Morocco, Mauritania and Djibouti, Ya’ari reportedly said. Livemint could not independently verify the development.

Gaza City overnight and into Sunday as ground forces battled Hamas militants near the territory's largest hospital, where health officials say thousands of medics, patients and displaced people are trapped with no electricity and dwindling supplies. In a televised address on Saturday, Prime Minister Benjamin Netanyahu rejected growing international calls for a cease-fire unless it includes the release of all the nearly 240 hostages captured by Hamas in the Oct. 7 rampage that triggered the war, saying Israel was bringing its «full force» to the battle. Israel has vowed to end Hamas' 16-year rule in Gaza and crush its military capabilities, while blaming the militants for the war's heavy toll on the 2.3 million Palestinians trapped in the besieged territory. Israel has come under mounting international pressure, even from its closest ally, the United States, as the war enters a sixth week.

Arab militias rampaged through a town in Sudan's war-ravaged region of Darfur, reportedly killing more than 800 people in a multiday attack, doctors and the U.N. said. The attack on Ardamata in West Darfur province earlier this month was the latest in a series of atrocities in Darfur that marked the months long war between the Sudanese military and the paramilitary Rapid Support Forces, RSF. Sudan has been engulfed in chaos since in mid-April, when simmering tensions between military chief Gen.

Also Read: From high inflation to import bill - the domino effect of rising crude oil prices on Indian economy Since November 2022 to now, Brent crude has swung from $89 per barrel to its 10-month high of $97 in late September, and coming down to its current $81.4 mark. Last week, the crude benchmark also crashed to $79/barrel mark over waning demand from top oil consumers including US and China. -In April 2023, OPEC+ announced oil production cuts of around 1.16 million barrels per day (bpd) in a surprise decision.

FRANKFURT (Reuters) — German Foreign Minister Annalena Baerbock said on Saturday in Tel Aviv that the international community should focus on limiting the impact of military operations in Gaza on the civilian population.

AFP reported. President Raisi cited Israel's current operations in the Gaza Strip to urge nations, that have ties with Israel, to sever them. He called for greater support for Palestinians, the report said.

Oil and gas companies have a large presence at international climate talks aimed at getting the world to sharply reduce emissions, which lead to climate change

Ebrahim Raisi called Saturday on Islamic governments to designate Israel's military a «terrorist organisation», citing its current operations in the Gaza Strip. «Islamic governments should designate the army of the occupying and aggressor regime as a terrorist organisation,» Raisi told a summit of Arab and Muslim leaders in the Saudi capital Riyadh. The emergency meeting of the Arab League and the Organisation of Islamic Cooperation (OIC) comes after Hamas militants' bloody October 7 attacks that Israeli officials say left about 1,200 people dead, mostly civilians, and some 240 taken hostage. Israel's subsequent retaliatory aerial and ground offensive has so far killed more than 11,000 people, also mostly civilians and many of them children, according to the Hamas-run health ministry. In his first visit to Riyadh since Iran and Saudi Arabia agreed to restore ties in March, Raisi urged nations that have ties with Israel to sever them and called for greater support for Palestinians. He called for «cutting any sort of political or economic relations with the Zionist regime» as important steps to be taken by Islamic countries. Implementing a «trade boycott against the Zionist regime especially in the energy field should be prioritised,» he added. The Iranian president, whose country is a supporter of Hamas militants, hit out at the United States for providing financial and military support to Israel. «Both the war machine of the Zionist regime and its fuel belong to the Americans,» he said, adding that «undoubtedly, the US government is the commander and the main accomplice of this crime.»

Saudi Arabia and Muslim countries called on Saturday for an immediate end to military operations in Gaza, declaring at a joint Islamic-Arab summit in Riyadh that Israel bears responsibility for «crimes» against Palestinians. Crown Prince Mohammed bin Salman, Saudi Arabia's de facto ruler, gathered Arab and Muslim leaders for the summit as the kingdom has sought to exert its influence to press the United States and Israel for an end to hostilities in Gaza. Dozens of leaders including Iranian President Ebrahim Raisi, Turkish President Tayyip Erdogan, Qatar's Emir Sheikh Tamim bin Hamad Al Thani and Syrian President Bashar al-Assad, who was welcomed back into the Arab League earlier this year, attended the meeting. Prince Mohammed said the kingdom affirms its «condemnation and categorical rejection of this barbaric war against our brothers in Palestine».

By Nidal al-Mughrabi

₹6,450 per bbl, having swung between ₹6,330 and ₹6,472 per bbl during the session so far, against a previous close of ₹6,372 per barrel. Weak Chinese economic data this week increased worries of faltering demand.

Investing.com — Oil prices rose Friday, finding some support as a difficult week comes to end, as market attention turns to a key meeting of OPEC and its allies later this month.

Lupin on Friday said it has tied up with Amman Pharma to market a biosimilar product in the Middle East region. The company has inked a licensing pact for the commercialisation and marketing of Ranibizumab, a biosimilar of Lucentis, in various countries including Saudi Arabia, UAE, Iraq and Lebanon.

Manish Chokhani, Director, Enam Holdings, says “I am not a believer that you make everyone poorer and distribute the poverty. You have to make everyone richer and pull them up. I am hopeful this happens and everything is back on balance. I have no axe to grind, I have no products to sell, no brokerage to run, no mutual fund to sell and I have invested myself. I really think the next 20 years is really India's period, it is for us to lose.” You have said that when India's market cap was not even a trillion dollars, five corporate houses would be building the next couple of trillion dollars for us and that time you were vocal about Reliance. BATAJ. Yes. We called it.

Oil prices were little changed on Friday after rising in the previous session but are set to fall for a third week as concerns of supply disruptions from the Israel-Hamas conflict have ebbed allowing demand worries to reassert themselves. Brent crude futures for January were flat at $80.01 a barrel at 0157 GMT, while the U.S. West Texas Intermediate (WTI) crude futures for December were at $75.67, down 7 cents. Brent futures are down 5.7% this week while WTI has declined 5.9% since last week.

Israeli post-war occupation of Gaza, where Israel has waged a bombing campaign to destroy the enclave's Hamas rulers after militants rampaged through southern Israeli communities on October 7 in an attack that Israel says killed 1,400 people. 3) According to health officials, Israel's bombardment of Gaza has killed more than 10,800 Palestinians. A humanitarian catastrophe has unfolded as basic supplies run out and wounded people overwhelm a fragile medical system.

Gulf countries with one visa, just like Schengen countries! In a bid to simplify travel logistics and boost tourism, the Gulf Cooperation Council (GCC) countries have recently approved a unified tourist visa that will allow people to travel across member states such as Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the UAE. This was announced by GCC President Sayyed Hamoud bin Faisal Al Busaidi during the 40th meeting of the Interior Ministers.

Qatar Investment Authority is examining opportunities to invest in China's retail, healthcare, tech and logistics sectors, said Abdulla Al-Kuwari, head of the fund's unit Qatar Investment Authority Advisory (Asia Pacific). Those opportunities could involve public and private companies, Al-Kuwari said on Thursday during the Caixin Summit in Beijing.

Investing.com — Saudi Arabia and other oil producers can talk all they want about the so-called “demand” for oil. But the market isn’t buying it, sending global crude benchmark below $80 a barrel — the first time since July.

Investing.com-- Oil prices hovered around more than three-month lows in Asian trade on Wednesday as signs of a surprise spike in U.S. inventories raised doubts over just how tight supplies would remain.

Ripple will power new payment corridors between 27 African countries and Australia, the United Kingdom and the Gulf Cooperation Council (GCC) under a deal with African mobile payments provider Onafriq.