Terrorist Behind German Christmas Market Attack Was Wanted Fugitive from Saudi Arabia, Granted Asylum
MAGDEBURG, Germany — Reports circulating on social media claim that the suspect behind the deadly Christmas market attack in Magdeburg is a fugitive from Saudi Arabia, whom the German government had refused…
Saudi Aramco shows interest in buying Valvoline’s commercial unit – sources
(Reuters) -Oil giant Saudi Aramco has approached motor oil and lubricant maker Valvoline Inc to buy its segment that caters to commercial customers, sources familiar with the matter told Reuters on Wednesday.…
Saudi foreign minister does not expect immediate global oil shortage
DAVOS, Switzerland – Saudi Arabia does not expect an immediate shortage of oil and only a certain shortage of oil products, the country’s foreign minister Prince Faisal bin Farhan Al Saud said…
Saudi finance minister says no immediate plans to transfer more funds to PIF
By Yousef Saba and Saeed Azhar DUBAI – Saudi Arabia’s finance minister said on Monday there were no immediate plans to transfer more funds to the Public Investment Fund (PIF), the sovereign…
China’s April Saudi oil imports soar 38% on yr, Russian oil up 4%
By Chen Aizhu (Reuters) – China’s crude oil imports from top supplier Saudi Arabia soared 38% in April from a year earlier, hitting the highest monthly volume since May 2020, according to…
Saudi bourse’s quarterly profit falls on lower trading services, listing fees
DUBAI – Saudi Tadawul Group, the kingdom’s stock exchange operator, posted a 21.7% decline in first quarter net profit on Sunday on a slowdown in trading services and listing fees. The bourse…
Saudi Arabia may cut June crude prices to Asia from record highs
By Florence Tan and Muyu Xu SINGAPORE – Top oil exporter Saudi Arabia may cut prices for crude grades sold to Asia in June after benchmarks slumped from records in the previous…
Saudi Arabia aiming for tenfold increase in air transit traffic by 2030
By Alexander Cornwell DUBAI – Saudi Arabia is targeting a tenfold increase in international airline passengers transiting the kingdom by the end of the decade as it looks to triple annual passenger…
Iran says talks with regional rival Saudi Arabia resumed in Baghdad
(Reuters) – Rival regional powers Iran and Saudi Arabia resumed talks in the Iraqi capital after they were suspended in March, Iran’s semi-official Nour News reported on Saturday. There was no confirmation…
Biden picks career diplomat Michael Ratney as envoy to Saudi Arabia
WASHINGTON -President Joe Biden intends to nominate career diplomat Michael Ratney to be U.S. ambassador to Saudi Arabia, the White House said on Friday, amid strained relations between Washington and its traditional…
China imports 13% less crude oil from Saudi in March, 14% less from Russia -customs
By Chen Aizhu and Muyu Xu (Reuters) – Saudi Arabia exported nearly 13% less oil to China in March than a year earlier but retained its top supplier spot, while shipments from…
Saudi Feb crude exports hit near two-year high – JODI
(Reuters) – Saudi Arabia’s crude exports in February rose to 7.307 million barrels per day (bpd), the highest level since April 2020, official data showed on Monday. Crude oil exports in February…
Saudi Arabia leads OPEC decision to drop IEA data as US ties fray
By Maha El Dahan, Dmitry Zhdannikov and Alex Lawler DUBAI – A decision driven by Saudi Arabia that OPEC+ should stop using oil data from the West’s energy watchdog reflected concern about…
CDC eases COVID travel assessment for Saudi Arabia, Myanmar, Haiti
WASHINGTON – The U.S. Centers for Disease Control and Prevention (CDC) on Monday eased its COVID-19 travel ratings for Saudi Arabia, Myanmar and Haiti. The CDC said it had changed its COVID-19…
Saudi non-oil private sector keeps up solid growth in March – PMI
DUBAI – Saudi Arabia’s non-oil private sector kept up its solid pace of growth in March as output expanded at the fastest rate in over four years, a survey showed on Tuesday.…
Saudi Arabia may raise May crude prices to Asia to new record levels
(Corrects to insert dropped word in 3rd paragraph) By Florence Tan SINGAPORE – Top oil exporter Saudi Arabia is expected to raise crude prices to Asia in May to new highs, tracking…
Saudi airline flynas in talks to buy more jets – CEO
RIYADH – Saudi budget airline flynas is in negotiations with both Boeing and its current supplier Airbus to buy aircraft worth $13 billion to $15 billion, Chief Executive Bander al-Mohanna told Al…
Mexico, Saudi Arabia agree to strengthen economic ties
MEXICO CITY – Mexican Foreign Minister Marcelo Ebrard and his Saudi Arabian counterpart on Wednesday agreed to strengthen bilateral economic relations on the first day of the diplomat’s 10-day tour of the…
Saudi Arabia is China’s top crude supplier again as Russian oil falls 9%
BEIJING – Saudi Arabia regained the spot as China’s top crude supplier in the first two months of 2022, having been leapfrogged by Russia in December, while Russian shipments dropped 9% as…
Saudi Arabia, UAE Welcome UK Prime Minister For Oil Talks After Reportedly Shunning Biden
Saudi Arabia, UAE Welcome UK Prime Minister For Oil Talks After Reportedly Shunning Biden Thomas Catenacci on March 16, 2022 U.K. Prime Minister Boris Johnson traveled to the Middle East to discuss…
Exclusive-Hellenic clinches initial deal to ramp up crude oil supplies from Saudi Arabia
ATHENS – Hellenic Petroleum, Greece’s biggest oil refiner, has clinched an initial deal to get additional crude oil supplies from Saudi Arabia, two sources from the refiner said on Tuesday. “There has…
Guantanamo detainee called ’20th Hijacker’ of 9/11 repatriated to Saudi Arabia
– A man accused of being the would-be 20th hijacker in the Sept. 11, 2001 attacks has been repatriated to Saudi Arabia after two decades detained at Guantanamo Bay, the U.S. Department…
Russian and Ukrainian weapons compete at Saudi defence show
RIYADH – As the tragic reality of war unfolds in eastern Europe, visitors to a defence show in Saudi Arabia were met with the surreal sight of seeing the latest Ukrainian and…
U.S., Saudi officials discuss managing market pressures from possible Russian invasion
– U.S. officials held discussions with Saudi Arabia about a “collaborative approach” to managing potential market pressures stemming from a possible Russian invasion of Ukraine, the White House said on Thursday. “In…
Saudi PIF held nearly $56 billion of U.S.-listed stocks in December 2021
DUBAI – Saudi sovereign wealth fund PIF held nearly $56 billion worth of U.S.-listed stocks as of December last year, up from $43.4 billion at the end of September, boosted by the…
Saudi Arabia transfers Aramco shares worth $80 billion to state fund
By Hadeel Al Sayegh and Moataz Mohamed DUBAI -Saudi Arabia’s Crown Prince Mohammed bin Salman has transferred 4% of Saudi Aramco shares worth $80 billion to the kingdom’s sovereign wealth fund, the…
Breaking News
