Saudi Arabia Financial News

₹700.28 crore in Indian stocks today.Oil fell to a three-month low as a forecast drop in US gasoline consumption added to a growing array of indicators suggesting the demand outlook is worsening.Aramco maintained its dividend to the Saudi government despite a drop in production and weaker oil prices as the kingdom tackles a widening budget deficit.The total payout of $29.4 billion to the state and other investors, including a special component, held at the previous quarter’s level even as lower output helped push net income 23% down year-on-year to $32.6 billion in the third quarter.The world’s biggest crude oil exporter provides much of the Saudi government’s income via generous dividends. (Read More)IndiGo, India's largest airline, anticipates grounding at least 35 planes in the upcoming March quarter due to powder metal issue with the Pratt & Whitney engines.This adds to the nearly 40 aircraft already grounded for other engine-related issues.

Aramco maintained its dividend to the Saudi government despite a drop in production and weaker oil prices as the kingdom tackles a widening budget deficit. The total payout of $29.4 billion to the state and other investors, including a special component, held at the previous quarter’s level even as lower output helped push net income 23% down year-on-year to $32.6 billion in the third quarter. The world’s biggest crude oil exporter provides much of the Saudi government’s income via generous dividends.

Investing.com — “No, not again!” — the Saudis must be thinking.

₹6,508 per bbl, having swung between ₹6,504 and ₹6,730 per bbl during the session so far, against a previous close of ₹6,826 per barrel. -On the demand side, China's crude oil imports in October showed robust growth both year on year and month on month, but its total exports contracted at a quicker pace than expected. The expectations of crude run reductions by China-based refiners between November and December could also limit oil demand and exacerbate price declines.

According to individuals with knowledge of the situation, the sovereign wealth fund of Saudi Arabia is currently negotiating an investment of no less than $250 million in Human Horizons Group, a Chinese electric-vehicle manufacturer.

Oil fell below $80 a barrel for the first time in more than two months as fresh doubts on whether the Federal Reserve has finished tightening outweighed Saudi Arabia and Russia’s supply cuts.

By Hadeel Al Sayegh and Yousef Saba

By Yuka Obayashi and Trixie Yap

Investing.com-- Oil prices fell in Asian trade on Tuesday as a rebound in the dollar weighed, while weaker-than-expected trade data from China also raised concerns over sluggish demand in the world's largest oil importer. 

₹549.37 crore, according to NSE data. DIIs bought equities resulting in an inflow of ₹595.70 crore, the exchange data showed.Oil held a modest advance after Saudi Arabia and Russia’s announcements that they would prolong supply cuts through the end of the year was balanced by a worsening demand outlook.The yield on the 10-year Treasury rose to 4.64%.

Oil held a modest advance after Saudi Arabia and Russia’s announcements that they would prolong supply cuts through the end of the year were balanced by a worsening demand outlook. Also Read: OMCs to Absorb Crude Oil Shocks West Texas Intermediate (WTI) was steady near $81 a barrel after closing 0.4 percent higher on Monday, November 6, while global benchmark Brent traded close to $85.

Oil prices soared on Monday after Saudi Arabia and Russia said they would continue their extra voluntary supply cuts until the end of the year. Brent crude futures rose $1.25, or 1.47%, to $86.14 a barrel by 1145 GMT. US West Texas Intermediate crude was up $1.29, or 1.6%, at $81.80.

IndiGo plans to start flights to Bali and Medina in the current fiscal as the airline continues to expand its network, its chief Pieter Elbers said on Monday. The airline is «well on track» to achieve the target of carrying 100 million passengers this financial year, he told reporters here.

By Florence Tan and Colleen Howe

Investing.com-- Oil prices rose in Asian trade on Monday amid easing fears of more Federal Reserve rate hikes, although anticipation of several economic readings this week, particularly from China, kept traders on edge. 

Oil prices edged up on Monday after top exporters Saudi Arabia and Russia said they would stick to extra voluntary oil output cuts until the end of the year, keeping supply tight, while investors watched out for tougher U.S. sanctions on Iranian oil. Brent crude futures rose 41 cents, or 0.5%, to $85.30 a barrel by 0000 GMT while U.S.

Saudi Aramco has kept its December official selling price for its Arab Light grade for Asian customers steady at $4 a barrel premium to the Oman/Dubai average from the previous month, two sources with knowledge of the matter said on Monday. The price change for the Saudi flagship grade is in line with market expectations.

earnings, global trends and foreign flows will drive the market momentum. Here's breaking down the pre-market actions: STATE OF THE MARKETS GIFT Nifty (Earlier SGX Nifty) signals a positive start GIFT Nifty on the NSE IX traded higher by 20 points, or 0.10 per cent, at 19,447, signaling that Dalal Street was headed for positive start on Monday.

WWE's Crown Jewel event in Riyadh, Saudi Arabia, YouTuber-turned-athlete Logan Paul secured a noteworthy victory against wrestling veteran Rey Mysterio. The highly anticipated match provided fans with a memorable showdown between the two competitors. This win marks YouTuber's first win at this championship.

DUBAI (Reuters) — Growth in non-oil business activity in Saudi Arabia accelerated for a second consecutive month in October, a survey showed on Sunday, with new orders supporting an overall expansion in activity which led to a sharp rise in employment levels.

Associated Press (AP).Check all the Israel-Gaza war LIVE Updates here. The Israeli Foreign Ministry has criticised Turkish President Recep Tayyip Erdogan for his stance in the raging war between Israel and Hamas, following Turkey's announcement of the recall of its ambassador to Israel, The Times of Israel reported.The ministry accused Erdogan of aligning with the Gaza-based terror group, Hamas.In a statement, the Israeli Foreign Ministry defended Israel's military operations in Gaza as a "war of self-defence" and described Hamas as "the true enemy of the Palestinian people."Erdogan said Saturday that Turkey has "crossed out" Israeli leader Benjamin Netanyahu and will strive to bring Israel before the International Criminal Court for its actions in Gaza, CNN reported, citing Turkish state media outlet Anadolu. (ANI)Israeli Defence Minister Yoav Gallant has vowed that the Israeli forces will get to Hamas Gaza chief Yahya Sinwar and eliminate him, Times of Israel reported on Saturday.He has said that the forces are prepared to fight until victory "as long as it takes".After touring the northern border and in the south in the past two days, Gallant said that he was told by reserve soldiers that they are prepared "to fight until victory" and for as long as it takes.