Browsing Category
Business
Saudi Arabia’s $100bn plan to become largest shale gas producer outside of the US
Saudi Aramco’s award of $10 billion worth of contracts on its giant Jafurah project has finally fired the starting gun to develop what is thought to be the world’s biggest shale gas field outside of the US.
Having battled with America’s…
Read More...
Read More...
China links key to success of African free trade initiative: Egyptian president
Egyptian President Abdel Fattah El-Sisi has highlighted the importance of working with China to the success of an African free trade initiative.
Speaking virtually during a meeting of the Forum on China-Africa Cooperation — attended by…
Read More...
Read More...
Britain open to law to combat rise in online scams: Finance minister
Britain is open to legislating to stop an explosion in scam adverts online being a significant source of fraud, financial services minister John Glen has told lawmakers.
Victims’ groups and campaigners have called for fraudulent adverts…
Read More...
Read More...
Russia’s Novak says no need for urgent measures on oil market
Russian Deputy Prime Minister Alexander Novak said on Monday, there is “no need for emergency measures in the oil market.”
He added that OPEC and its allies (OPEC+) partners did not call to review the current deal.
Read More...
Read More...
Aramco prepares work on its largest non-associated gas field
Saudi Arabia’s oil giant Aramco is marking the start of its development of the Jafurah unconventional gas field on Nov,29,2021.
The Saudi-listed firm claims it to be the “largest non-associated gas field” in the Kingdom.
The move is…
Read More...
Read More...
UAE, Turkey deepen economic ties with investment deals
Turkey welcomed Abu Dhabi Crown Prince Sheikh Mohammed bin Zayed Al-Nahyan, the UAE’s de facto ruler, on Nov. 24, marking the highest-level visit to Ankara since a nearly decade-long disagreement between the two countries.
The visit…
Read More...
Read More...
Oil demand to return to 2019 levels by end of 2022: Baker Hughes CEO
Oil demand will return to 2019 levels by the end of 2022, despite some delays in projects due to repercussions from the pandemic, Baker Hughes CEO Lorenzo Simonelli told Al-Arabiya.
National oil companies in the Middle East have been…
Read More...
Read More...
Japan’s releasing of oil stockpile is a routine measure: Hagiuda
Japan will continue to work with major OPEC oil-producing countries such as Saudi Arabia and the United Arab Emirates through various channels to stabilize the international oil market, Japan’s Minister of Trade and Industry Hagiuda Koichi…
Read More...
Read More...
Flyadeal launches its first flight from Jeddah to Dubai
flyadeal launched its first direct flights from Jeddah to Dubai on Thursday, Nov. 25, signalling the company’s first international journey from the airport.
The low-cost airline, a subsidiary of Saudia, now operates six routes to the UAE…
Read More...
Read More...
Pakistan petrol retailers call off strike after deal with government
Pakistan’s petrol retailers called off a nationwide strike late on Thursday after reaching an agreement with the government over an increase in profit margins, according to the country’s energy minister.
The strike had begun early on…
Read More...
Read More...