Topics: Saudi Arabia

Business

Saudi Arabia cabinet asks OPEC+ countries to reduce oil production rate

The cabinet of Saudi Arabia has urged the OPEC+ countries to reduce the rate of oil production to restore balance in global crude markets. Quoting...
Business

Coronavirus Pandemic: G20 agrees to temporary pause debt payments for poorest countries

The Group of 20 nations (G20) has announced to temporary pause to debt payments by the world's poorest nations as they struggle to deal...
Business

Market Analysis: OPEC+ agrees to a historic production cut

OPEC+ agreed to the largest production cut ever of 9.7 mbpd which accounts for 10% of the daily global crude supply. US, Brazil, and...
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Business

Market Analysis: Crude drops to 18-year lows

Crude prices fell to their lowest levels in 18 years yesterday as markets fear the world may run out of storage space. There is...
Inside

Coronavirus Update: Saudi Arabia tightens a nationwide curfew

After reporting the second death of a 46-year-old foreign resident in Mecca due to a novel coronavirus (COVID-19), Saudi Arabia on Wednesday called to...
Inside

COVID-19: Saudi Arabia to impose nationwide curfew, UAE suspends passenger flights

Saudi Arabia will impose a nationwide curfew starting on Monday after reporting a jump of almost a quarter in coronavirus cases, while the United...
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Inside

Coronavirus Update: Health ministry reports 75 cases of Coronavirus in India

The number of coronavirus patients in the country is 75, including the death of a 76-year-old man in Karnataka, the Union Health Ministry said...
Finance

Report: IMF, Pakistan govt reach agreement on second view of $6 bn bailout package

The IMF has said it has reached a staff-level agreement with the Pakistani authorities "on policies and reforms" needed to complete the second review...
Inside

Coronavirus Update: Saudi Arabia suspends visas for Mecca’s visit

The Government of Saudi Arabia on Thursday said that “It has suspended the visas for the pilgrims who are wishing to visit Mecca.” The foreign...
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Business

Saudi Arabia may shave light crude prices to Aisa in February

Saudi Arabia, the world's biggest oil exporter, may cut the prices of its light crude grades sold to Asia in February on signs of...
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