Oil prices hold near $102 after Brent tops $103
– Oil prices steadied near $102 a barrel on Monday after Brent briefly climbed above $103 in early trading. At 0900 GMT, Brent crude futures were up 5 cents at $102.30 a barrel. U.S. West...
Tag : Saudi Arabia
Abdullah bin Zayed joins Trump talks with regional leaders
UAE Deputy Prime Minister and Foreign Minister Sheikh Abdullah bin Zayed Al Nahyan joined a meeting convened by U.S. President Donald Trump in New York on September 22. The talks brought together leaders and senior...
Gulf nations deport nearly 22,000 Pakistanis in four months
Official data released by Pakistan’s federal government confirmed that 21,951 Pakistani nationals were deported from Gulf countries between March 1 and July 13, 2026. According to official figures presented to the National Assembly, the deportations...
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 $7.29, or 9.6%, to settle at $83.30 a barrel. U.S....
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 said it generated $572 million in free cash flow and...
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 of 59.9, according to data released by the GCC Statistical...
UAE Crown Prince leads delegation to US-Gulf summit
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, led the United Arab Emirates (UAE) delegation to the Gulf-US...
Saudi Arabia and India deepen cooperation with MoU on space and tech
MENA Newswire News Desk: India's Telecommunications Regulatory Authority of India (TRAI) has signed a Memorandum of Understanding (MoU) with Saudi Arabia's Communications, Space and Technology Commission (CST) to enhance cooperation in communications and space technology....
Saudi Arabia and OPEC+ allies agree to cut oil output by 1.16 million bpd
Saudi Arabia and other OPEC+ oil producers announced further oil output cuts of around 1.16 million barrels per day on Sunday, ahead of a virtual meeting of an OPEC+ ministerial panel. The unexpected move takes...
Pakistan urgently seeks $3 billion from KSA after plunge in forex reserves
Pakistan has requested Saudi Arabia to urgently provide $3 billion in cash after its foreign exchange reserves fell to a critically low level. During his maiden visit to the country, the country's army chief is...