The Latest Breaking News from Saudi Arabia

Saudi Arabia’s Ministry of Economy and Planning (MEP) has signed a memorandum of understanding (MoU) with the Saudi Economic Association to boost cooperation in research. Both parties will promote closer cooperation on economic research, capacity building, events and reports to share knowledge and advance joint goals on growth, diversification and…

As the ‘No Oil Producing and Exporting Cartels’ (NOPEC) bill gained momentum among both parties, Senate Majority Leader Chuck Schumer (D-NY) said in his tweet that Saudi Arabia’s actions will long be remembered by Americans.

In Vienna, ministers from the 13-nation Organization of the Petroleum Exporting Countries (OPEC) and a group of 10 exporters led by Russia agreed to reduce production by 2 million barrels a day from November. The move pushed up global oil prices, but the Kremlin says production reduction is intended to…

Newcastle United's takeover was completed a year ago this week and ChronicleLive has taken a look at what has changed at the club and in the city in that time

The Saudi government offers a host of comparative advantages for military sector investors. From easy procedures to visas and licenses, Saudi authorities are keen on facilitating investment flow into the Kingdom’s defense industry. Saudi Arabia’s developed customs services and digital technologies are factors for attracting investment as well.

With a possible recession set to cut deeply into global demand for oil, the cartel is cutting production by 2 million barrels per day.

Senior figures see decision as a slight on the US and a sign that the oil producers club is aligning with Russia

As the ASX finishes where it started, Saudi Arabia and Russia are on a collision course with the West after major producers cut oil production to drive up prices. The move could further increase energy prices, plunge the global economy into recession, and help Russia in its war in Ukraine.

The group of oil producers known as OPEC+ say they will slash their daily output by 2 million barrels per day because of uncertainty in the global outlook. The decision has been slammed by the US, which had been lobbying for Saudi Arabia and other producers to pump more oil.…