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Saudi Arabia cuts December crude official prices to Asia
The company set the Arab Light OSP to Northwestern Europe at a discount of $1.40 a barrel over ICE Brent, up $0.60 from November and to the United States at plus $0.85 per barrel over ASCI (Argus Sour Crude Index), down $0.20 from the previous month.
Saudi Arabia's SAGO seeking 600,000 tonnes of hard wheat in tender
The wheat is for a delivery period from February through to March, a SAGO ...
After cosy ties with Donald Trump, Saudi Arabia faces Joe Biden 'pariah' pledge
US President-elect Joe Biden has pledged to make Saudi Arabia...
Saudi Arabia's CMA chairman: IPO pipeline looks 'quite busy'
There are currently 15 applications for new listings in the Saudi Stock market, the region's largest bourse, Mohammed bin Abdullah Elkuwaiz added.
Saudi Arabia announces plans to improve foreign workers freedom
The plans, which will take effect in March 2021, include foreign workers' right to leave the country without employers' permission, Abdullah bin Nasser Abuthunain told reporters.
Israeli PM Netanyahu held secret talks in Saudi Arabia with Crown Prince Mohammed bin Salman, Pompeo: Report
The broadcaster cited unnamed Israeli officials as saying that Netanyahu and the head of the Mossad spy agency, Yossi Cohen, "flew yesterday to Saudi Arabia and met Pompeo and MBS in the city of Neom", referring to the often used initials of Prince Mohammed.
Saudi Arabia hosts G20 talks on virus recovery, debt relief
The virtual talks, hosted by current G20 president Saudi Arabia, come a day after the International Monetary Fund warned that global GDP would contract 4.4 percent in 2020 and the damage inflicted by the pandemic would be felt for years.
Saudi Arabia reports Q3 budget deficit of nearly $11 billion
The world's largest oil exporter faces a steep economic contraction this year as the coronavirus crisis hits global demand for crude while virus containment measures weigh on non-oil economic sectors.
Saudi Arabia's total oil exports rise to 7.09 million bpd in September, JODI says
Monthly export figures are provided by Riyadh and other members of the Organization of the Petroleum Exporting Countries (OPEC) to the Joint Organizations Data Initiative (JODI), which publishes them on its website.
Yemen's Houthis say attacked Saudi Arabia's Abha airport with drone
Earlier, the Saudi-led coalition fighting the Iran-aligned group since 2015, said it had intercepted a drone fired by the Houthis towards the kingdom.
G-20 summit opens with Saudi urging united response to virus
The pandemic, which has claimed more than 1.37 million lives worldwide, has offered the G-20 an opportunity to prove how such bodies can facilitate international cooperation in crises — but has also underscored their shortcomings.
US President Donald Trump defends withdrawal from 'unfair' Paris climate accord
"I withdrew the US from the unfair and one-sided Paris Climate accord, a very unfair act for the United States. The Paris accord was not designed to save the environment. It was designed to kill the American economy," Trump said on the sidelines of a virtual G20 summit hosted by Saudi Arabia.
Saudi Arabia's STC hires banks for IPO of subsidiary: Sources
Solutions by STC's valuation could be around 9 billion riyals ($2.4 billion), if it garners 18-20 times its earnings multiples, a source told Reuters last month.
Saudi Arabia shares extend gains as oil rises on vaccine cheer; Dubai, Qatar struggle
Saudi Arabia's benchmark index was up 0.4%, on track for a sixth straight session of gains, with oil behemoth Saudi Aramco edging up 0.4%, while Al Rajhi Bank added on 0.7%.
Saudi Arabia economy contracts 4.2% in Q3 year-on-year
The "flash estimates" for quarterly gross domestic product did not have a breakdown on how the oil and non-oil sectors performed in the three-month period to the end of September. The authority said the estimates came out at the end of the reference quarter, when information was still partial and subject to a high degree of approximation.