Saudi Arabia Financial News

21.08 / 08:37

UPS Citi FIVE Cooper country audience Russia, China look to advance agendas at BRICS summit of developing countries in South Africa

Russia and China will look to gain more political and economic ground in the developing world at a summit in South Africa this week

21.08 / 02:57

UPS ANZ show country Oil prices Oil prices flat as rates anxiety, China gloom offset tighter supply

Oil prices were steady on Monday with Brent staying above $80 a barrel, as investors balanced tightening supply driven by OPEC+ cuts with nagging concerns about global demand growth amid high interest rates. Brent crude dipped 8 cents to $84.72 a barrel by 0033 GMT while U.S. West Texas Intermediate crude was at $81.28 a barrel, up 3 cents.

20.08 / 17:35

FIVE Disney Remark film audience Oppenheimer box office: Christopher Nolan's film becomes 4th highest-grossing movie in 2023. Details here

Christopher Nolan's 'Oppenheimer' has crossed the $700 million mark in global box office earnings, emerging as the fourth highest-grossing film of the year. Following a span of five weeks since its debut, the R-rated historical drama has achieved a remarkable feat, amassing an impressive $718 million at the worldwide box office. The earning includes a substantial $285 million from North American audiences and an impressive $437 million from international markets.

19.08 / 04:23

Align country foreign Saudi Arabia's Crown Prince meets Iran's foreign minister in highest-level talks since reconciliation

Also read: Bahrain Steel to supply iron ore pellets to Essar's green steel project in Saudi Arabia For years, Iran and Saudi Arabia had been engaged in a bitter rivalry for influence in various Middle Eastern countries. Rivalry between Iran's revolutionary, Shi'ite Muslim leaders and Saudi Arabia's Sunni ruling family dominated the Middle East. This rivalry had led to sectarian tensions and conflicts in Iraq, Syria, Lebanon, Yemen, and Bahrain.

18.08 / 15:09

UPS Citi Lowe's Manufacturing country social What’s Holding Back India’s Economic Ambitions?

Many countries have followed a similar economic trajectory: As they develop, women increasingly enter the workforce, further fueling the country’s upward climb. It happened in China, Japan and South Korea in the latter half of the 20th century. The U.S.

18.08 / 14:07

UPS Provident SUN show The Ghost Fleet Helping Russia Evade Sanctions and Pursue Its War in Ukraine

insurance industry," he added. Ships owned by the company have loaded oil in recent months at the port of Kozmino on Russia’s Pacific coast, where petroleum has consistently been sold at prices above the cap, according to shipping figures gathered by commodity-data provider Kpler and reviewed by The Wall Street Journal. The company continued to ship oil from the port even after the Treasury Department issued a global warning in April against loading oil at Kozmino and other ports in the Russian far east due to violations of the price cap, which prompted some mainstream shipping companies to stop exporting oil from the terminal.

18.08 / 14:07

Lowe's BLOCK Career CEO Mosaic Deal Jared Kushner’s Deal-Making Career Off to Sluggish Start

startups to a five-year low in the first half of 2023, according to the Israeli nonprofit Start-Up Nation Central. The global market for investing in startups has been similarly brutal, with valuations for once-hot startups cratering. “Deployment has been slower than expected because we maintained high standards," Kushner said.

18.08 / 06:07

COST UPS MET FIVE Platform country South Africa gears up for BRICS Summit as China's Xi Jinping confirms to attend. What's ahead?

Bloomberg reported. Here are five things to watch as they gather Aug. 22-24 in Sandton, the business hub in the city’s wealthy northern suburbs: 1.

18.08 / 02:09

UPS Citi MAIL Booking Aware Strategy Power TAQA looks to bet big on Adani’s power business with $2 billion investment

Abu Dhabi National Energy Co. PJSC (TAQA) is looking to double down in India and is evaluating a large exposure in the expansive power businesses of Gautam Adani that span thermal generation to transmission, clean energy and green hydrogen, said people aware of the matter. TAQA, among the largest integrated utilities in Europe, West Asia and Africa and also the second largest stock on Abu Dhabi Securities Exchange (ADX), is keen to deploy $1.5-2.5 billion in Adani Group firms or in a single entity, said the sources mentioned above.

18.08 / 01:19

UPS Lowe's Target Flushing country Oil prices Weekly Oil prices flat as China, Fed fears spur first weekly loss in 8

Investing.com-- Oil prices were muted in Asian trade on Friday, but were set to snap a seven-week winning streak as fears of a Chinese economic slowdown and rising U.S. interest rates clouded the outlook for demand.

17.08 / 15:47

UPS Digital Cooper Interface country electronic Indian Trinidad and Tobago inks pact for sharing Indian technology stack

Trinidad and Tobago has signed an agreement with the Indian government for sharing the India Stack, which is a collection of open application programming interfaces and digital public goods for identity, data and payment services. The agreement was signed in the presence of officials from the Ministry of Electronics and IT (MeitY), National E-Governance Division, and the Ministry of External Affairs, according to an official release.

17.08 / 08:35

UPS CEO Align country Bahrain Steel to supply iron ore pellets to Essar's green steel project in Saudi Arabia

Mumbai: Bahrain Steel, producer and global supplier of high-grade iron ore pellets, on Thursday said that it has signed a Letter of Intent (LoI) with Essar Group to supply 4 million tonne of DR-grade pellets per annum (mtpa) to Green Steel Arabia (GSA) project in Saudi Arabia. “Essar is looking at investing about $4.5 billion in setting up an integrated steel plant in Ras Al Khair, Saudi Arabia," said Naushad Ansari, country kead for Essar Group in KSA.

17.08 / 01:21

UPS Reuters Progressive Continental show country BRICS nations to meet in South Africa seeking to blunt Western dominance

BRICS leaders meet in South Africa next week to discuss how to turn a loose club of nations accounting for a quarter of the global economy into a geopolitical force that can challenge the West's dominance in world affairs. Russian President Vladimir Putin, who faces an international arrest warrant over alleged war crimes in Ukraine, will not join leaders from Brazil, India, China and South Africa amid rifts over whether to expand the bloc to include dozens of «Global South» nations queuing up to join.

16.08 / 17:59

UPS Target Booking CEO Platform Mobile country Rise in study-abroad numbers fuels student housing boom

Amber, University Living and UniAcco that help students find accommodation near campuses across the world, are targeting 2-3x annual growth in business on soaring demand not just from Indian students going abroad but other international students as well. Companies in this space told ET that while initially they only had Indian study-abroad students, now 70-80% of their base comprises students from international markets, looking for the convenience and support these platforms offer. “The student mobility industry has seen a remarkable recovery since the pandemic, with lots of students going abroad every year,” said Saurabh Arora, CEO of University Living, a global student-housing managed marketplace.

16.08 / 17:29

UPS Target Platform show track Weekly Oil down 3rd day; U.S. output at 3-year high, offsetting weekly draw

Investing.com — Saudi oil production cuts may no longer be the news; not even weak Chinese buying, perhaps. It’s U.S. production that’s demanding attention now, with crude output in the world’s largest economy projected to have reached a new three-year high last week.

16.08 / 16:59

UPS FIVE Cooper show country NRIs sent $112 bn home in FY23, most in 5 years

NEW DELHI : Inward foreign remittances to India grew 26% in the last financial year to $112.5 billion, clocking its highest growth in the last five years amid a rebound in economic recovery after the pandemic, showed latest data from the finance ministry. Inward foreign remittances stood at $89.1 billion in FY22, $80.2 billion in FY21, $83.2 billion in FY20, and $76.4 billion in FY19.

16.08 / 15:35

show track week U.S. oil stocks lose almost 6M bbls added prior week; output at new 3-year high

Investing.com — U.S. crude stocks fell almost 6 million barrels last week, losing all that they added the prior week, a government report showed on Wednesday as global oil inventories turned volatile from persistent Saudi attempts to squeeze a market at a crossroads due to the sluggish economy in top importer China.

16.08 / 05:59

TCS Samsung electronic compliance Mukesh Ambani's Reliance issues guarantee for RJIL, RINL. Ensures compliance and no adverse impact

Reliance Industries Ltd (RIL) has issued guarantees for Reliance Jio Infocomm Limited (RJIL) and Reliance International Limited (RINL), ensuring compliance and no adverse impact. In an exchange filing dated August 14. RIL informed.

15.08 / 22:27

UPS track week U.S. crude stocks likely fell almost 7 million barrels last week - API

Investing.com — U.S. crude oil stocks likely fell by nearly 7 million barrels last week, with deficits in distillates as well while stockpiles of gasoline rose, amid intensive production cuts by Saudi Arabia, petroleum industry group API indicated in a preliminary report on Tuesday ahead of official inventory data.

15.08 / 16:33

COST UPS Action awards As Neymar Heads for Saudi Arabia, Paris Saint-Germain’s Superteam Project Collap

The Paris Saint-Germain experiment of recent seasons was supposed to be a plan so lavish and so ambitious that it would bend all of European soccer to PSG’s will. By the summer of 2021, the club had acquired the most expensive player in the world, the brightest young talent in the world and one of the greatest players of all time. That trio of Neymar, Kylian Mbappé, and Lionel Messi had cost more than half a billion dollars to assemble.

15.08 / 16:03

COST UPS show country Oil imports from Russia up nearly 3-fold

New Delhi Crude oil imports from Russia rose nearly three-fold in the first quarter of this fiscal compared to the same period of FY23, according to government data. Oil imports from Russia during the three months to June stood at $12.36 billion, 170.66% higher on a year-on-year basis. During the same period last fiscal, the imports stood at $4.57 billion, showed data from the ministry of commerce and industry.

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