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Virtual Group of 20 summit opens in Saudi Arabia with vaccines offering hope amid economic squeeze

The head of the European Commission expressed hope that President-elect Joe Biden would rebuild U.S. ties with the world......»»

Category: topSource: washpostNov 21st, 2020

Virtual Group of 20 summit opens in Saudi Arabia with pandemic casting economic shadows

The head of the European Commission expressed hope that President-elect Biden would rebuild U.S. ties with the world......»»

Category: topSource: washpostNov 21st, 2020

The Wall Street Journal: OPEC and allies set to ease oil output cuts, anticipating demand recovery

An alliance of crude producers led by Saudi Arabia is pushing OPEC and its allies to increase oil production starting in August, officials in the group said, amid signs that demand is returning to normal levels following coronavirus-related lockdowns......»»

Category: topSource: marketwatchJul 11th, 2020

Saudi Arabia is tripling its value-added tax rate in a plan to save $27 billion amid plummeting oil prices and the coronavirus

adznano3/Shutterstock Saudi Arabia is tripling its value-added tax (VAT) rate as part of its plan to save $27 billion amid a series of economic crises. VAT will.....»»

Category: topSource: businessinsiderMay 11th, 2020

Oil bounces 8% on stimulus hopes, virus slowdown in China

Oil prices bounced 8% on Tuesday from the biggest one-day rout in nearly 30 years, as investors eyed the possibility of economic stimulus amid a price war between Russia and Saudi Arabia and as new virus cases slowed in China......»»

Category: topSource: reutersMar 10th, 2020

Oil plunges 11%, the most since 2008, after Russia refuses Saudi Arabia"s request to cut output

REUTERS/Shannon Stapleton Oil prices plunged as much as 11% — the most since 2008 — amid a collapse in OPEC+ discussions. Talks within the group broke down after .....»»

Category: topSource: businessinsiderMar 6th, 2020

Reinvesting Aramco IPO money will aid government revenues: minister

Saudi Arabia's finance minister on Monday said that reinvesting money from the initial public offering (IPO) of oil group Saudi Aramco would help to create more revenue channels for the government......»»

Category: topSource: reutersDec 9th, 2019

The Wall Street Journal: Saudis to push for extension of oil-production cuts at OPEC meeting

Saudi Arabia will push for an extension of oil production cuts through mid-2020 at a producers’ summit this week in an effort to prop up Saudi Aramco’s initial public offering share price, Persian Gulf officials said......»»

Category: topSource: marketwatchDec 1st, 2019

Saudi Aramco order book reaches 73 billion riyals so far: Samba

Saudi Aramco's initial public offering (IPO) has attracted approximately 73 billion riyals ($19.47 billion) in institutional and retail orders so far, Saudi Arabia's Samba Financial Group said on Thursday......»»

Category: topSource: reutersNov 21st, 2019

Saudi Aramco IPO raises 73 billion riyals so far: Samba

Saudi Aramco's initial public offering (IPO) has attracted approximately 73 billion riyals ($19.47 billion) in institutional and retail orders so far, Saudi Arabia's Samba Financial Group said on Thursday......»»

Category: topSource: reutersNov 21st, 2019

Oil drops 2% on Chinese data, Saudi output recovery

Oil fell nearly 2% on Monday as China's economic outlook remained weak amid an ongoing trade war with the United States and market fears of supply shortfalls and conflicts in the Middle East after the Sept. 14 attack on Saudi Arabia faded......»»

Category: topSource: reutersSep 30th, 2019

Dow snaps an 8-day winning streak as oil prices spike

Stocks ended lower Monday amid fears that a surge in oil prices after an attack in Saudi Arabia could slow global economic growth......»»

Category: topSource: moneycentralSep 16th, 2019

Stocks fall on fears spiking oil will slow the global economy

Stocks fell Monday amid fears that a surge in oil prices after an attack in Saudi Arabia could slow global economic growth......»»

Category: topSource: moneycentralSep 16th, 2019

Stocks fall on fears spiking oil will slow the global economy

Stocks fell Monday amid fears that a surge in oil prices after an attack in Saudi Arabia could slow global economic growth......»»

Category: topSource: moneycentralSep 16th, 2019

Stocks are set to slide on fears spiking oil will slow the global economy

U.S. stock futures dropped Monday morning amid fears that a surge in oil prices following an attack in Saudi Arabia could slow down global economic growth......»»

Category: topSource: moneycentralSep 16th, 2019

Oil falls amid rising Saudi output, Asian economic slowdown

SINGAPORE (Reuters) - Oil prices fell by more than 1 percent on Monday as supplies from top exporter Saudi Arabia rose and as signs of an economic slowdown in Asia dented the outlook for demand......»»

Category: topSource: reutersJul 2nd, 2018

Oil falls as Saudi, Russian output rises

LONDON (Reuters) - Oil prices fell on Monday as supplies from Saudi Arabia and Russia rose while economic growth stumbled in Asia amid an escalating trade dispute with the United States......»»

Category: topSource: reutersJul 2nd, 2018

Saudi economic forum opens but many absent over Khashoggi

A high-profile economic forum in Saudi Arabia has begun in Riyadh, the kingdom's first major event on the world stage since the killing of writer Jamal Khashoggi at the Saudi Consulate in Istanbul earlier this month......»»

Category: topSource: foxnewsOct 23rd, 2018

SoftBank"s Son sees profit surge amid scrutiny over Saudi ties

SoftBank Group Corp. founder Masayoshi Son is starting to see the benefits of his enormous technology investments -- along with the scrutiny that comes from taking money from Saudi Arabia......»»

Category: topSource: moneycentralNov 5th, 2018

Saudi Crown Prince sidelined in G20 family photo

Saudi Arabia's Crown Prince Mohammed bin Salman was sidelined during the official "family photo" of world leaders and other dignitaries at the Group of 20 summit in Buenos Aires on Friday, standing at the far edge of the group portrait and ignored......»»

Category: topSource: reutersNov 30th, 2018

Market Snapshot: Dow rises but Nasdaq struggles as hope for COVID vaccines bolsters buying mood, amid rising hospitalizations

U.S. stock indexes struggle to retain modest gains midday Monday, to kick off a holiday-shortened week, as a steady flow of updates on progress toward effective coronavirus vaccines and treatments creates a potential palisade against COVID-19......»»

Category: topSource: marketwatchNov 23rd, 2020