Tag: Saudi Arabia
Oil Rally Falters With Supply Fear Weighed Against Stimulus Hope
(Bloomberg) -- Oil’s rebound from its biggest crash in a generation ran out of steam on skepticism the U.S. would be able to deliver sufficient...
US$10mn From Saudi Arabia’s Coffers To Help WHO Fight Coronavirus
Saudi ruler, King Salman bin Abdulaziz Al Saud has issued a directive to provide financial aid to the World Health Organization (WHO) to help...
Coronavirus Update: 14 New Cases in UAE; ATM Postponed, Saudi Flights Suspended
The UAE's Ministry of Health and Prevention has announced 14 new cases of the Covid-19 coronavirus had been confirmed in the country. Four of them...
Oil Drops 31% in Worst Loss Since Gulf War as Price Fight Erupts
(Bloomberg) -- Oil markets crashed more than 30% after the disintegration of the OPEC+ alliance triggered an all-out price war between Saudi Arabia and Russia...
OPEC Deal Is High Risk for Both Saudi Arabia and Russia
(Bloomberg) -- With OPEC pre-announcing a big production cut for it and its allies without the support of Russia, Saudi Arabia appears to be trying...
GCC UHNWI Count To Grow By 26% In Next Five Years: Knight Frank
The Ultra High Net Worth Individuals (UHNWI) count will see an upward climb with a predicted growth of 27 per cent in the next...
Saudi Wealth Fund Leads Fundraising for Online Used Car Trader
(Bloomberg) -- A unit of Saudi Arabia’s sovereign wealth fund is leading a $35 million funding round for SellAnyCar.com as the Dubai-based online car trader...
‘STC’s Vodafone Egypt Acquisition Credit Negative If Debt-Funded’
A Moody’s report has said that Saudi Telecom Company’s (STC) acquisition of Vodafone Egypt would be credit negative if the transaction is fully debt-funded,...
‘Solar Dome’ To Power Sustainable Water Desalination At NEOM
NEOM, the flagship project of Saudi Arabia’s post-oil diversification plan, recently announced that it would be adopting a pioneering solar technology to produce cost-effective,...
Jeff Bezos Friended the Wrong Foreign Leaders
(Bloomberg) -- The last two weeks have been remarkably eventful for Jeff Bezos. First, the Amazon.com Inc. co-founder’s visit to India was met with street-side protests, a...
