Saudi Arabia

OPEC crude output to average 29.6m barrels a day: EIA

In its October Short-Term Energy Outlook, EIA also forecast that annual average OPEC crude oil production will average 29.8 million b/d in 2019, down by 2.1 million b/d from 2018.

Oct 9, 2019

Imran Khan's plane rerouted in US by Saudi crown prince over UN speech: Pakistan magazine

Criticising Pakistan's "victory at the UN", the magazine revealed that the Saudi Prince disapproved Khan administrative's rhetoric of representing the Islamic bloc.

Oct 7, 2019

Saudi Arabia promotes tourism: Allows women to rent hotels, share rooms for foreign tourists

Apart from provision given to foreign tourists, the Kingdom also stated that Saudi women can now rent hotel rooms by themselves.

Oct 5, 2019

Saudi plans major investment in India's refining, petrochemical sector

The Kingdom's state-owned Saudi Aramco is a joint venture partner of the $44 billion-Ratnagiri Refinery and Petrochemicals Ltd, which is reportedly decided to establish its refining and petrochemical facilities in Raigad district of Maharashtra.

Sep 30, 2019

Oil prices could spike 'unimaginably high', says Saudi crown prince warning Iran

If the world does not take a strong and firm action to deter Iran, we will see further escalations that will threaten world interests.

Sep 30, 2019

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LPG crisis looming? Cooking gas shortage could worsen during festival season

LPG vendors may begin rationing of LPG cylinders to customers as the effect of Houthi attacks on Saudi oil installations and fire at ONGC's Uran plant affects supplies in Karnataka, Maharashtra, Punjab, and Goa amid domestic shutdowns

Sep 28, 2019

Saudi Arabia to offer tourist visas for the first time, eases dress code for women tourists

Saudi Arabia has been taking several social reforms as part of Crown Prince Mohammed bin Salman's bold steps to raise the participation of women in economic development.

Sep 27, 2019

Clampdown on illegal workers: Saudi Arabia arrests 3.9 million expatriates in 2 years

The country, which has a population of 30 million, is on a drive to replace migrant workers with its own workforce in a move to cut the unemployment rate.

Sep 23, 2019

US to send troops to Saudi Arabia after Aramco oil attacks

In response to the kingdom's request, the Pentagon will deploy a moderate number of troops and plans to expedite delivery of military equipment to both Saudi Arabia and the United Arab Emirates.

Sep 21, 2019

As Houthis threaten to attack UAE cities, Saudi Arabia asserts Iran's role in Aramco bombing

Saudi defence spokesperson Colonel Turki al-Malki dismissed Houthi claims of carrying out the attacks and stated: "Despite Iran's efforts to make it appear so they did not originate from Yemen."

Sep 19, 2019

Modi-Trump chemistry: Coping with a garrulous 'frenemy' in the White House

While Trump is scheduled to attend 'Howdy Modi!' event in Houston, Texas, the South Block mandarins are grappling with a suitable response to US President Trump's gestures punctuated by friendly fire on the trade front.

Sep 17, 2019

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Dalal Street nervous over oil; Sensex tanks 600 points, Nifty ends at 10,800

The global oil benchmark, Brent, was trading at $68 a barrel from its Friday's close of $60 prior to the attack on Saudi oil facilities during the weekend.

Sep 17, 2019

Biggest oil price surge since 1991 as locked and loaded US points finger at Iran for attack

The Iran-aligned Houthi movement that controls Yemen's capital claimed responsibility for the attack, which damaged the world's biggest crude oil processing plant.

Sep 16, 2019

Why do Houthi strikes in Saudi Arabia make Nirmala Sitharaman sweat?

If oil becomes more expensive, the current economic downturn can snowball into a full-blown crisis. India has little headroom to cushion the inflationary impact as Trump has turned off cheaper Iranian oil supplies

Sep 16, 2019

Houthi rebels claim drone strikes against Saudi Arabia's Aramco oil facilities

Iran-backed Houthi fighters had conducted drone attacks on the Shaybah natural oil liquefication last month and other attacks on two oil stations in May.

Sep 14, 2019

Saudi Arabia's Energy Minister Khalid al-Falih

Opec Kingpin Saudi Arabia replaces energy minister in major shakeout

Since his appointment as oil minister in 2016, Falih has been the face of Saudi energy policy but the veteran technocrat had seen his portfolio shrink in recent weeks.

Sep 8, 2019

IndiGo promoters' differences threaten services

IndiGo eyes more UAE, Saudi flights as part of Middle East expansion

IndiGo had earlier said that 50 per cent of its expansion in 2019 will be from international growth.

Sep 4, 2019

Saudi Arabia replaces Aramco chair with wealth fund chief ahead of IPO

The appointment of Al-Rumayyan, already an Aramco board member, comes as part of the Saudi authorities' preparations to sell shares in the world's biggest oil exporter.

Sep 3, 2019

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Saudi organises world's largest camel festival; 12,000 animal owners to compete

The festival, aimed at promoting the camel-racing heritage of the Kingdom and the Gulf Arab countries, is expected to turn the Saudi city of Taif into one of the top tourist destinations.

Sep 2, 2019

Illegal cryptocurrency malware hits Tesla's Amazon Cloud resources

Cryptocurrency to fund Saudi Arabia's Neom project? Riyadh warns against scammers

Saudi is embarking on a $500 billion futuristic megacity, considered as a symbol of Crown Prince Mohammed bin Salman's ambitions for life after oil, to attract foreign investment and bolster non-oil revenues.

Aug 21, 2019

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