The US is the world’s biggest oil producer — so why do we still need to import crude and ask countries like Saudi Arabia for help? Oil prices are high, energy worries are roiling the global economy, a...
Tag: arabia
UK Foreign Office criticized over North Korea crypto conference organizer’s detention in Saudi Arabia
The UK Foreign Office has come under criticism for its lack of action in getting North Korea cryptocurrency conference organizer Christopher Emms out of Saudi Arabia, where he has been stuck since Feb...
Crypto Insider Stuck in Saudi Arabia Over North Korean Conference
Emms has been in legal limbo in Saudi Arabia for the past five months, awaiting potential extradition to the US UK parliament member Crispin Blunt is now petitioning the Foreign Office to intervene Cr...
LIV Golf ‘Great’ For Saudi Arabia, Outrage Over Khashoggi Murder Not A Factor
Topline Already an outspoken LIV Golf backer, former President Donald Trump gave his support to the controversial Saudi regime funding the PGA Tour challenger in an eye-opening interview with the Wall...
The US is the world’s biggest oil producer — so why do we still need to import crude and ask other countries like Saudi Arabia for help?
The US is the world’s biggest oil producer — so why do we still need to import crude and ask other countries like Saudi Arabia for help? Oil prices are high, energy worries are roiling the global econ...
Saudi Arabia Rejects Biden Request, Eyes on Nord Stream
Saudi Arabia held on their ground and refused Biden’s concert to increase oil production by keeping their commitment to stick to the OPEC+ production plan. The turn down of Biden’s request helped Bren...
Why Biden’s visit to Saudi Arabia is unlikely to contribute much to oil’s price decline
President Joe Biden is in the Middle East late this week and the pressure is on for the U.S. to look to Saudi Arabia, the world’s largest oil exporter, for more barrels of oil. Limits to oil productio...
Saudi Arabia Has Massive Crypto Adoption, Says KuCoin Survey
Keeping in mind the country’s excellent regulatory framework, vast customer base, and growing interest in cryptocurrencies, Saudi Arabia is a key market for digital currencies. According to the findin...
KuCoin survey reveals high crypto adoption in Saudi Arabia
Saudi Arabia has recorded a high level of cryptocurrency adoption and penetration, according to a recent survey by KuCoin. The survey shows that the country now ranks as one of the largest hubs for cr...
51% of Crypto Investors in Saudi Arabia Optimise Crypto Future, KuCoin Study Shows
Nearly 3 million citizens in Saudi Arabia have entered the crypto space over the past six months, according to a study by KuCoin. To explore the adoption and penetration of cryptocurrencies in Saudi A...
Saudi Arabia: bear market doesn’t scare off investors
The crypto-exchange KuCoin has released its “Into The Cryptoverse” report stating that cryptocurrency investors in Saudi Arabia are increasingly adopting self-trading strategies during the bear market...
Survey reveals high penetration and adoption of crypto in Saudi Arabia
The high degree of penetration and adoption of crypto in Saudi Arabia makes it an important market for digital currencies, demonstrating the potential for expansion in the Middle East and North (MENA)...
Crypto Is Gaining Incredible Amount of Popularity In Saudi Arabia –
– Advertisement – In Saudi Arabia, the use of cryptocurrency is seeing a meteoric rise in popularity According to a KuCoin survey, as of May 2022, around 3 million Saudi Arabians, or 14 pe...
Saudi Arabia And Abu Dhabi Launch Ambitious Drives To Diversify Economies
Saudis working at a solar panel factory in Uyayna, north of Riyadh, on March 29, 2018 (Photo: FAYEZ … [+] NURELDINE/AFP via Getty Images) AFP via Getty Images Oil-rich Middle East governments ar...
Russia leapfrogs Saudi Arabia as China’s biggest oil supplier—with some help from massive discounts
Russia has reclaimed its position as China’s biggest oil supplier, overtaking Saudi Arabia in May as Beijing cashed in on discounted Russian energy. Last month, Chinese imports of Russian oil surged b...
Saudi Arabia is increasing supply — so why is the oil price holding firm?
The price of oil has barely budged since Saudi Arabia and allied producers agreed to start pumping more quickly. The Brent crude contract for August delivery settled at $119.51 a barrel on Monday — hi...
Saudi Arabia Raises Oil Export Prices to Asian Customers
Global energy networks are facing a tectonic shift. The WTI benchmark and Brent Crude both breached $120 per barrel today, achieving three-month highs on the back of Saudi Arabia’s decision to raise e...
AlUla In Saudi Arabia To House Notable Film Studio Boosting The Region’s Real Estate Sector
CANNES, FRANCE – MAY 21: Stephen Strachan, guest, Wayne Borg, Zeinab Abu Alsamh and Matt Rhodes … [+] attend the Film AlUla lunch during the 75th annual Cannes film festival at the America...
World’s Biggest Solar Plant To Decarbonize Aluminum Industry In Saudi Arabia
The Saudi Arabian Mining Company will buy industrial solar-generated steam from GlassPoint. GlassPoint Saudi Arabia will host the world’s biggest solar thermal plant. The facility will generate steam ...
China a ‘very important customer’, says Saudi Arabia, as global oil supply worries grow
Saudi Arabia is committed to supplying crude oil to China and interested in collaborating with the world’s No 2 economy on issues ranging from climate change to curbing inflation, says the Gulf ...
Why The West Shouldn’t Expect More Oil From Saudi Arabia
In December 2016, OPEC, Russia, and several other non-OPEC producers sealed a historic deal. For the first time in 15 years, there would be oil production cuts. At the time, RBC’s Helima Croft said Sa...
Saudi Arabia Says It’s Done All It Can for the Oil Market
(Bloomberg) — Sign up for our Middle East newsletter and follow us @middleeast for news on the region. Most Read from Bloomberg Saudi Arabia’s foreign minister said there’s nothing more the king...
Saudi Arabia signals support for Russia’s role in Opec+ as sanctions pressure mounts
Saudi Arabia has signalled it will stand by Russia as a member of the Opec+ group of oil producers despite tightening western sanctions on Moscow and a potential EU ban on Russian oil imports. Prince ...
Lucid Group to build first factory outside the U.S. in Saudi Arabia
U.S. electric vehicle maker Lucid Group will set up its first overseas factory in Saudi Arabia, the company announced. Javier Blas | Bloomberg | Getty Images U.S. electric vehicle maker Lucid Group wi...
Oil Prices Slip as Saudi Arabia Cuts Prices and China Lockdowns Intensify
Text size Oil prices slip Monday but are still elevated. Pichit Boonhuad/Dreamstime.com Oil prices declined Monday after Saudi Arabia, the biggest exporter, reduced prices for Asia and the northwest o...
Saudi Arabia Reportedly Will Invest In Israel Through Jared Kushner’s Fund
Topline Affinity Partners, a new private-equity fund started by Jared Kushner, plans to invest money from Saudi Arabia’s sovereign wealth fund in Israeli businesses, the Wall Street Journal reported S...
Saudi Arabia Looking to Achieve Sustainability Aims of Vision 2030
Saudi Arabia’s Vision 2030 is a strategic framework for the kingdom as it shifts away from an oil-dependent economy and looks to a more sustainable, non-oil future. The plan is based on three co...
Lucid stock climbs after EV maker announces sales deal with Saudi Arabia
Lucid Group Inc. LCID, -8.74% stock rose more than 4% in the extended session Tuesday after the EV maker said it had reached an agreement with Saudi Arabia to sell up to 100,000 vehicles over a 10-yea...
Saudi Arabia can adopt blockchain technology in the Government
The Kingdom of Saudi Arabia is considering adopting blockchain technology throughout its administration as well as legalizing the use of cryptocurrencies. However, an official stated that the ki...
Saudi Arabia Exploring Possibility of Implementing Blockchain in Government – Featured Bitcoin News
The Kingdom of Saudi Arabia is looking into the possibility of implementing blockchain technology across its government as well as allowing the use of cryptocurrencies. However, an official said the k...
Opinion: Why the United States is reluctant to become the Saudi Arabia of natural gas
OXFORD, England (Project Syndicate)—With images of Russian aggression and war crimes in Ukraine continuing to dominate the media in Europe and around the world, Germany has pledged to cut its imports ...