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Crunch meeting of oil alliance over cuts in output
Energy ministers from OPEC+, the oil alliance led by Saudi Arabia and Russia, are preparing for a crucial meeting on Thursday amid signs that the recovery in global oil markets is slowing down because of a resurgence in the COVID-19
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Oil slides 5% to lowest level since June on demand fears
Oil slid 5 percent to below $40 a barrel on Tuesday, its lowest since June, over concerns that a demand recovery could weaken as coronavirus infections flare up around the world. Coronavirus cases rose in 22 of the 50 US states, a Reuters
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Saudi quarantine offers temporary lifeline to struggling hotels
Saudi Arabia has quarantined thousands of people in hotels, some in luxury suites, to combat COVID-19, throwing a temporary lifeline to an industry struggling just months after tourist visas were launched. Faced with nearly 4,500 coronavirus
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Saudi Arabia, Russia and other OPEC+ countries agree on deal to cut oil output
Saudi Arabia and Russia have agreed to “historic” cuts in oil production in a bid to rebalance crude markets that are in crisis because
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No ban for entry of work-visit Visa holders
RIYADH — The Saudi authorities have clarified that passengers holding employment visa, work visit visa, business visit visa and family visit
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Attention, Dubai. This Saudi City Is Open For Business
Ronny Froehlich's voice echoed across the empty rooms as he walked through his company's new office in Riyadh. The German entrepreneur had
Read MoreGulf’s new business rivalry: Dubai vs Saudi Arabia
Ronny Froehlich’s voice echoed across the empty rooms as he walked through his company’s new office in Riyadh. The German entrepreneur had just set up the internet, but he was already imagining the space as the bustling future
Read MoreSaudi PPPP 2020 concludes on a high note amid regional and global acclaim
The 17th edition of Saudi PPPP served as an ideal platform for engineers, industry experts and business communities to gather and explore partnership opportunities and latest developments in the industry RIYADH — The Riyadh
Read MoreMena construction boom: Saudi leads market, Egypt, Ethiopia shine in Africa
Construction activity in the Middle East and North Africa (MENA) region has been relatively sluggish and is forecast to grow at 3.3 percent in 2019. However, after a lacklustre 2019, construction growth in the region is forecasted to steadily
Read MoreSecuring affordable, sustainable energy top agenda: Dharmendra Pradhan after Saudi oil attacks
With the biggest attack ever on the Saudi oil industry creating volatility in the market, Petroleum Minister Dharmendra Pradhan on October 3 said securing affordable and sustainable energy tops agenda of "vulnerable" importing nations like
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