Oil tanks seen at the Saudi Aramco headquarters in Damam. Reuters
Saudi Arabia raised the local price for Octane 95 to 2.10 riyals from 2.02 riyals last quarter and Octane 91 to 1.44 riyals from 1.37 riyals per litre, state oil firm Saudi Aramco said on Saturday. The change goes into effect on Sunday (April 14), the company said in a statement,
The drone attacks on two pump stations on Saudi Aramco’s East-West pipeline, which transports Saudi oil from the Eastern Province to the port of Yanbu, are cowardly, dangerous and deliberate acts of terrorism that deserve a strong international response. As Saudi Energy Minister Khalid Al Falih pointed out,
Saudi Arabia unveiled the design of its pavilion at the Expo 2020 Dubai on Sunday. The pavilion will be second in size only to that of the UAE pavilion, covering an area the size of two football pitches.
Riyadh is committed to “stabilise” the oil market after a US decision to end sanction exemptions for Iran’s customers, Saudi Arabia›s Energy Minister Khalid Al Falih said on Monday. The kingdom reaffirms its longstanding policy, which seeks to stabilise the markets at all times,” he said in a statement carried by the official Saudi Press Agency.
India’s current account (CA) balance deficit grew to $68 billion in 2018-19 from $49 billion the previous year, according to the International Monetary Fund (IMF), which said the deficit was justified by development needs.
After successful hospitality venture UAE’s leading business giant Danube Group, enters into the healthcare division with the launch of American Aesthetic Medical Center on Wednesday in Dubai.
Global shares slipped on Thursday on growing signs that a trade dispute between the United States and China was taking a toll on corporate earnings, with nerves spreading from Wall Street through Asia to European markets.
Canadian University Dubai (CUD) has recently joined forces with two more leading names in the hospitality industry to help boost the skills supply to the UAE tourism sector as Dubai prepares to attract 25 million visitors by 2025.