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Category: Saudi Arabia

Russia boosts oil product shipments to Indonesia amid shifting global energy trade. (Photo: Bloomberg)
Estimated read time 2 min read
East Timor Indonesia Investing & Markets Malaysia Myanmar Russia Saudi Arabia Singapore Ukraine

Russia expands fuel trade with Indonesia amid global market shifts

  • Post Date 04/18/2025

Russia has significantly increased its exports of oil products to Indonesia in early 2025, marking a strategic pivot to expand markets in Asia following Western [more…]

New ETF financial collaboration strengthens ties between Saudi Arabia, Hong Kong, and China. (Photo: Saudi Gazette)
Estimated read time 2 min read
China Hong Kong Investing & Markets Saudi Arabia

Saudi Arabia approves first Hong Kong linked ETF in Middle East

  • Post Date 09/17/2024

Saudi Arabia is stepping into new financial territory, granting approval for its first exchange-traded fund (ETF) that tracks equities listed in Hong Kong. This move [more…]

Meituan defies economic woes with record Q1 growth and global ambitions. (Photo: Aly Song)
Estimated read time 2 min read
China Hong Kong Investing & Markets Saudi Arabia

China’s food delivery giant, Meituan, overcomes economic challenges with record-breaking Q1 growth

  • Post Date 06/06/2024

Amid a volatile economic landscape, Meituan has emerged as a beacon of resilience and growth. The on-demand services titan reported a stunning 25% year-on-year surge [more…]

Lucid Motors strengthens financial position with $1 billion investment from Saudi Arabia's PIF. (Photo: Lucid | Electrek)
Estimated read time 2 min read
Investing & Markets Saudi Arabia U.S.

Lucid Motors secures $1 billion investment from Saudi Arabia’s PIF

  • Post Date 03/26/2024

Lucid Motors, the luxury electric vehicle manufacturer, is once again teaming up with its major investor, Saudi Arabia, in a move aimed at tackling the [more…]

Saudi Arabia's PIF and Andreessen Horowitz in talks to form a $40 billion A.I. investment fund. (Photo: Andressen Horowitz)
Estimated read time 2 min read
Investing & Markets Saudi Arabia U.S.

Saudi Arabia’s PIF and Andreessen Horowitz reportedly in talks for $40 billion A.I. fund

  • Post Date 03/20/2024

In a groundbreaking move, Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF), is reportedly in discussions with Andreessen Horowitz, a prominent American venture [more…]

Ukraine drone attack targets Russian oil facilities. (Photo: Euro News)
Estimated read time 3 min read
China Investing & Markets Iraq Russia Saudi Arabia U.S. Ukraine

Oil prices reach four-month high on supply disruptions and economic growth signs

  • Post Date 03/18/2024

In a surprising turn of events, oil prices surged approximately 2% to reach a four-month high on Monday, driven by a combination of factors including [more…]

Oil futures slide for second day as market digests China's economic targets and OPEC+ extension. (Photo: World Oil)
Estimated read time 2 min read
China Investing & Markets Saudi Arabia U.S.

Crude oil prices dip despite China’s growth plans and OPEC+ cuts

  • Post Date 03/05/2024

In a twist of market dynamics, crude oil futures experienced a slight downturn for the second consecutive day on Tuesday. Despite China’s optimistic pledge to [more…]

Nov. 30, 2023 - OPEC+ boosts efforts to stabilize crude prices, extends output cuts and welcomes Brazil. (Photo: Oman Observer)
Estimated read time 3 min read
Brazil Investing & Markets Russia Saudi Arabia

OPEC+ expands output cuts and welcomes Brazil in effort to stabilize oil prices

  • Post Date 11/30/2023

In a move to address persistently low crude oil prices, the OPEC oil cartel, spearheaded by Saudi Arabia and joined by allied producers including Russia, [more…]

Nov. 20, 2023 - China and Saudi Arabia's central banks have taken a significant step by agreeing on their inaugural currency swap. (Photo: Xinhua)
Estimated read time 3 min read
China Investing & Markets Saudi Arabia

China and Saudi Arabia’s landmark currency swap agreement

  • Post Date 11/20/2023

In a significant move toward reshaping global economic dynamics, the central banks of China and Saudi Arabia recently inked their first-ever currency swap agreement. This [more…]

Last year, Russian companies conducted the most extensive drilling activities at their oil fields in over a decade. (Photo: Bloomberg)
Estimated read time 3 min read
Investing & Markets Russia Saudi Arabia

Saudi Arabia and Russia maintain oil price agreement amidst Israel-Gaza war

  • Post Date 10/12/2023

In an announcement on Wednesday, Russian President Vladimir Putin indicated that the oil supply cuts imposed by Saudi Arabia and Russia, effectively withholding 1% of [more…]

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