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 attack was launched from the north and was unquestionably sponsored by Iran,' Al-Malki told journalists
Saudi's oil production from its Khurais plant is now at more than 1.3 million barrels per day, while current production from its Abqaiq plant is at about 3 million bpd, the source said.
Institutional investors have put in 144.1 billion riyals ($38.4 billion) worth of bids for Saudi Aramco’s planned initial public offering (IPO), equivalent to more than twice the number of shares on sale, financial advisers for the IPO said on Monday.
MAG Development, the real estate arm of the Mag Holding Group, has announced the laying of the foundation stone for the ‘Mag City’ project, located in the city of Mohammed Bin Rashid in the Meydan District 7.
The Khalifa Fund for Enterprise Development (KFED) has announced plans to conduct a foresight study aimed at providing a long-term look at the prospective challenges and opportunities of entrepreneurship
US officials announced a truce in the trade war with China with much fanfare, but economists and trade experts call it largely a victory for Beijing.