Sunday, November 17, 2024

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June 7, 2024 2:08 PM

Amid war, Putin looks east from Russia’s window to Europe

Cut off from the West, Russia is pitching its $2 trillion economy to giants like China and Saudi Arabia and longer-term prospects like Zimbabwe and Afghanistan at its premier investment forum in St Petersburg, which was founded by the tsars as a wind...

June 3, 2024 4:30 PM

OPEC+ extends oil output cuts into 2025

OPEC+ agreed on Sunday to extend most of its deep oil output cuts well into 2025 as the group seeks to shore up the market amid tepid demand growth, high interest rates and rising rival U.S. production. Brent crude oil prices have been trading near ...

May 30, 2024 4:21 PM

Saudi Arabia may announce landmark Aramco share offering

Saudi Arabia may announce a landmark secondary share offering in oil giant Aramco later on Thursday, pending final approval, people with knowledge of the matter said. Final approval would come from Crown Prince Mohammed bin Salman. The share offerin...

May 26, 2024 2:31 PM

Jeddah-Makkah High-Speed Rail Debuts for Indian Pilgrims

In a historic first, around 32,000 Indian Hajis will travel by high-speed train directly from Jeddah's King Abdulaziz International Airport to the holy city of Makkah this year. Traditionally, pilgrims arriving in Jeddah have taken buses provided by ...

May 24, 2024 2:59 PM

OPEC+ to hold June 2 output policy meeting online

The OPEC+ group of oil producers, comprising the Organization of the Petroleum Exporting Countries (OPEC) and allies led by Russia, has pushed back its output policy meeting by a day to June 2 and will convene online. The meeting was to have been in...

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Last updated on: 17th November 2024