Oil prices fell on Friday after the Saudi energy minister tempered expectations of strong market intervention by producers during talks next month, and as analysts pointed to an ongoing supply overhang that was weighing on markets.
Saudi Arabia's Deputy Crown Prince Mohammed bin Salman will discuss the kingdom's drive to cut its reliance on oil exports in visits to China and Japan that begin next week, Saudi media and sources said on Wednesday.
Saudi Arabia, the world's top oil exporter, plans to discuss energy cooperation agreements with China and Japan, the Saudi cabinet said on Monday.
"The cabinet has approved to delegate a number of ministers to discuss wit
The Saudi Arabian tyre market is estimated to reach the value of $2.12 billion at the end of 2016, growing at a compound annual growth rate (CAGR) of 10.8 per cent during 2016-2026, said a report.
The report titled “Kingdom
Ewaan Global Residential Company, a leading real estate development company in Saudi Arabia, has appointed Fadi Qassim as its new CEO.
Qassim succeeds Riyadh Al Thagafi, who decided to leave the position after a successful four-year sti
Saudi Arabia will permit foreign institutional investors to buy shares directly in initial public offers, a move that could help the government sell billions of dollars' worth of stakes in state companies including oil giant Saudi Aramco.
Saudi Arabia's oil exports rose in June as the kingdom kept the market well supplied, pumping near record high levels of crude to feed rising both local and international demand.
Crude exports in June rose
More than 100 domestic and international firms and specialist entrepreneurs in the coffee and chocolate industry will attend the International Coffee & Chocolate Exhibition, to be held in Riyadh, Saudi Arabia, later this year.
Egypt is to receive a $2 billion deposit from Saudi Arabia, International Cooperation Minister Sahar Nasr said on Thursday.
She did not specify when the money was expected to arrive, saying in a message: "We only signed ... t
Saudi Arabia's imports in May fell 20.3 per cent compared with a year earlier while non-oil exports edged down 0.4 per cent, showed data from the Central Department of Statistics and Information.
Non-oil exports reached SR15.6