Brent crude jumps 9.6% to $83.30 amid Hormuz risks
Oil prices surged nearly 10% on Monday as renewed U.S.-Iran conflict focused attention on the Strait of Hormuz. Brent crude futures for September delivery gained...
Tag : Saudi Arabia
UN envoy cites regional push to end Middle East conflict
UN envoy Jean Arnault said regional agreement is emerging around a quick end to the Middle East conflict. He also cited the need to restore trust...
ADNOC Gas posts resilient Q1 profit despite disruption
ADNOC Gas reported first quarter net income of $1.1 billion, underscoring resilient earnings despite disruption to maritime movements through the Strait of Hormuz. The company...
GCC beats global average in 2026 economic freedom index
MUSCAT: Gulf Cooperation Council countries outperformed the global average in the 2026 Economic Freedom Index, with the bloc posting an average score of 66.9 against a world average...
Riyadh summit highlights GCC-US strategic partnership
On behalf of President Sheikh Mohamed bin Zayed Al Nahyan, His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi,...
Saudi-India ties deepen with defence and culture cooperation push
Saudi Crown Prince and Prime Minister Mohammed bin Salman and Indian Prime Minister Narendra Modi co-chaired the second meeting of the Saudi-Indian Strategic Partnership Council...
OPEC+ reaffirms production plan based on healthy market trends
The eight OPEC+ countries that had previously undertaken voluntary production adjustments have reaffirmed their coordinated efforts to support global oil market stability in response to...
UN urges continued efforts after Saudi-hosted Black Sea talks
United Nations Secretary-General António Guterres has welcomed the recent Black Sea security talks held in Saudi Arabia, involving the United States, Russia, and Ukraine. These...
Trump claims Ukraine started war, questions Zelensky’s leadership
U.S. President Donald Trump has sparked fresh controversy by blaming Ukraine and its President Volodymyr Zelensky for the ongoing war with Russia, asserting that Kyiv...
Kingdom of Saudi Arabia achieves poultry production milestone in 2024
MENA Newswire News Desk: Saudi Arabia has set a new record for poultry meat production in the first half of 2024, underscoring its ongoing efforts...