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Saudi Arabia

OPEC+ decision to increase oil supply is a ‘bearish surprise’ for the market, Goldman says

by Walter Watson
OPEC+ decision to increase oil supply is a ‘bearish surprise’ for the market, Goldman says

The detailed plan laid out by OPEC+ over the weekend to increase oil production delivered a “bearish surprise” to a market where prices were already under downward pressure, according to …

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Hong Kong and Saudi regulators explore pact for financial services, ETFs

by Anas Siddiqui
Hong Kong and Saudi regulators explore pact for financial services, ETFs

The regulators of Hong Kong and Saudi Arabia will explore ways to cross-list exchange traded funds (ETFs) and foster two-way fund flows, according to the Securities and Futures Commission (SFC). …

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Road in Riyadh named after late Saudi poet Prince Badr

by Ron Morgan
Road in Riyadh named after late Saudi poet Prince Badr

Riyadh: The Kingdom of Saudi Arabia’s King Salman bin Abdulaziz has issued a directive to name a road in Riyadh after the late poet Prince Badr bin Abdul Mohsen bin Abdulaziz Al Saud. …

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First photos of Jordan’s Princess Rajwa baby bump released

by Ron Morgan
First photos of Jordan’s Princess Rajwa baby bump released

Amman: The first photos of Jordan’s Princess Rajwa Al Hussein showing off her baby bump have been released, as the royal couple are expecting their first child this summer. In …

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Saudi Arabia begins enforcing penalties for performing Haj without a permit

by Ron Morgan
Saudi Arabia begins enforcing penalties for performing Haj without a permit

Riyadh: The Kingdom of Saudi Arabia’s Public Security has begun enforcing penalties on those violating Haj regulations and instructions by undertaking a pilgrimage without a permit. This will be in …

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Saudi Aramco begins massive share sale to raise around $12 billion

by Walter Watson
Saudi Aramco begins massive share sale to raise around  billion

Logo of Aramco, officially the Saudi Arabian Oil Group, Saudi petroleum and natural gas company, seen on the second day of the 24th World Petroleum Congress at the Big 4 …

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Cristiano Ronaldo breaks down after Al Nassr lose to Al Hilal

by Ron Morgan
Cristiano Ronaldo breaks down after Al Nassr lose to Al Hilal

Photo: Reuters Riyadh: Legendary footballer Cristiano Ronaldo broke down in tears after Al-Nassr were beaten by Al-Hilal in the Saudi King’s Cup final on Friday, May 31. Al-Hilal won a …

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Hong Kong bankers get welcome lift from convertible bond frenzy

by Anas Siddiqui
Hong Kong bankers get welcome lift from convertible bond frenzy

When one door closes, another one sometimes opens. For bankers in Hong Kong, where big mergers and acquisitions and initial public offerings have largely stalled, convertible bond issues are very …

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Saudi Arabia removes Palestine from school textbook maps: Report

by Ron Morgan
Saudi Arabia removes Palestine from school textbook maps: Report

The Kingdom of Saudi Arabia’s new school curriculum for the 2023-2024 academic year appears to have removed Palestine’s name from most of the textbook maps. This is according to a …

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‘China’s London’? Hong Kong’s finance hub status will be cemented by mainland’s economic development, summit told

by Anas Siddiqui
‘China’s London’? Hong Kong’s finance hub status will be cemented by mainland’s economic development, summit told

“Hong Kong is working very hard to contribute to the further internationalisation of renminbi,” said Wong. “We will continue issuing international bonds denominated in renminbi.” Last year, the city’s yuan …

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