saudi arabia


Saudi's Riyad Bank posts 25 percent second-quarter profit rise

Jul 17 2018

Riyad Bank, Saudi Arabia’s fourth-largest lender by assets, posted a 25.2 percent rise in second-quarter net profit on Tuesday, in line with analysts’ forecasts as fees and commission income rose.

Qatar Airways adapts to regional political dispute, may avoid making a loss

Jul 17 2018

Qatar Airways’ chief executive said the airline was adapting to a regional political dispute that has prevented it flying some routes, and that those restrictions would not necessarily push it into the red for the current financial year.

IMF warns US vulnerable in escalating trade fight

Jul 16 2018

The International Monetary Fund warned on Monday that escalating and sustained trade conflicts are increasingly likely, threatening to derail economic recovery and depress medium-term growth prospects.

Iran's Khamenei criticizes Saudi Arabia over management of haj pilgrimage

Jul 16 2018

Iran’s top authority Supreme Leader Ayatollah Ali Khamenei has criticized Saudi Arabia over its management of the haj pilgrimage and called for a fresh investigation into a 2015 crush that killed hundreds, Iranian state TV reported.

Iran to Saudi: OPEC deal does not give the right to pump oil above target

Jul 16 2018

Iran’s oil minister told his Saudi Arabian counterpart that last month’s OPEC supply pact does not give member countries the right to raise oil production above their targets, according to a letter reported by Iran’s news agency Shana.

Naqvi hails 2018 Haj as 'landmark' pilgrimage, first batch of pilgrims reaches Saudi Arabia

Jul 15 2018

This year's Haj would be a "landmark" pilgrimage for Indians as several reforms such as doing away with subsidy and women going without a male guardian are associated with it, Minority Affairs Minister Mukhtar Abbas Naqvi said.

BofA says Trump unlikely to take 'hard stance' on Iran

Jul 13 2018

Bank of America Merrill Lynch said on Friday the United States, in the runup to midterm election, is unlikely to take a “hard stance” against Iran, resulting in international benchmark Brent crude to average $70 a barrel in 2018.

Do not blame OPEC, oil producer group says of Trump criticism

Jul 10 2018

The president of OPEC defended the oil producer group on Monday against U.S. President Donald Trump’s recent demands for higher oil output, saying OPEC does not shoulder the blame.

SC refuses bail to suspected IM operative

Jul 09 2018

The Supreme Court today refused to interfere with a Delhi High Court order dismissing the bail plea of a suspected Indian Mujahideen (IM) member, who was deported from Saudi Arabia in 2012 in a case relating to the setting up of an alleged illegal arms factory.

Oil prices edge up as investors eye tight market

Jul 09 2018

Oil prices rose as investors focused on tight market conditions after data late last week showed U.S. crude inventories fell to their lowest in more than three years.

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