Fears of world food inflation due to Panic buying and lockdowns
A senior economist at United Nations' Food and Agriculture Organisation (FAO) and agricultural analysts stated that lockdowns and panic food buying could ignite world...
Saudi Arabia's stock market pulls back as Egypt stalls
Saudi Arabia's stock market pulled back in early trade on Wednesday as buying in blue chips petered out, while Egypt's market stalled.
The Saudi index...
SAUDI ARAMCO CHAIRMAN DEFENDS OIL GIANT'S POSSIBLE IPO MOVE
The chairman of Saudi Arabia's state oil giant says plans for a possible initial public offering are not being driven by a need for...
Oil price slump should not stop investments: Al-Naimi
Saudi Arabia has called for sustained investment in new output capacity despite the slump in world prices.
Ali Al-Naimi, minister for petroleum and mineral resources,...
Nasser Confirmed as New Saudi Aramco President
A veteran executive with oil giant Saudi Aramco, Amin Nasser, has been confirmed as the company's president, the Dhahran-based firm said Thursday.
Nasser had been...
Oil prices surge on fresh talk of OPEC meeting on glut
Oil prices surged Wednesday on renewed speculation about a potential cut in global production that overshadowed another rise in US crude inventories.
US benchmark West...
IMF cuts Saudi growth forecast on oil slide
Growth in OPEC heavyweight Saudi Arabia will slow to its lowest rate in seven years, the International Monetary Fund said Tuesday, as oil prices...
Oil prices dip as Saudi Arabia rules out intervention
Oil retreated after Saudi Arabia's influential oil minister said Tuesday it was up to the market to determine prices, effectively ruling out an intervention...
Saudi and UAE shares rise on interest rate hike
Markets in Saudi Arabia and the United Arab Emirates rallied Thursday after their countries followed the US Federal Reserve by hiking interest rates, but...
Maersk profit plunges amid weak trade, low oil prices
Danish conglomerate A.P. Moller-Maersk on Wednesday reported an 82-percent drop in annual profit as its shipping unit was hit by lower freight rates and...
