Saudi Arabia Archives — City Business News

November 29, 2023 No Responses

Oyetola Woos Brazil, Jamaica, To Sign MoU With Saudi Arabia

The minister of Marine and Blue Economy, Adegboyega Oyetola, on Tuesday, continued bilateral discussions with ministers and representatives from the Kingdom of Saudi Arabia, Bangladesh, Brazil and Jamaica, expressing Nigeria’s government interest in learning from their knowledge and experiences.This was...

November 12, 2023 No Responses

Saudi Arabia Opens Doors To African Investors

The Kingdom of Saudi Arabia is opening its doors to African investors and companies to benefit from the huge investment opportunities provided by the Kingdom’s Vision 2030 mega projects, a resolution from the Saudi-Africa Summit, indicates. The Kingdom, whil...

November 1, 2023 No Responses

Air Peace Launches Jeddah Service as Emir of Kano Lauds Airline

Air Peace has expanded its Asian footprints with the commencement of direct scheduled commercial flights into Jeddah, Saudi Arabia, on October 31, 2023. This is as the Emir of Kano, HRH Alhaji Aminu Ado Bayero, has lauded the airline’s giant...

September 29, 2023 No Responses

Oil Prices Fall As Russia, Saudi Arabia Boost Supply

Oil prices fell in early trade on Friday after a recent rally, as profit-taking and expectations of supply increases by Russia and Saudi Arabia outweighed forecasts of positive demand from China during its Golden Week holiday. Reuters report that Brent.....

August 22, 2023 No Responses

Ex-NIMASA DG, Dakuku Peterside To Speak At Maritime Conference In Saudi Arabia

Former chairman of the Association of Africa Maritime Administrations (AAMA), Dakuku Peterside, will be speaking at the sustainable maritime industry conference, scheduled for Jeddah, Saudi Arabia, from September 4 – 6. The conference, under the patronage of...

June 5, 2023 No Responses

Oil Prices Rise As Saudi Arabia Pledges Output Cuts

The prices of oil rallied at the start of trading on Monday morning after Saudi Arabia pledged more output cuts and the 23-member Opec+ alliance extended its production agreement into 2024. Brent, the benchmark for two thirds of the world’s oil,...

December 6, 2022 No Responses

Nigeria, Saudi Arabia Sign MoU On Air Safety

Nigeria on Monday in Abuja signed Memorandum of Understanding (MoU) with the Kingdom of Saudi Arabia on accident investigation to promote air safety. The Accident Investigation Bureau (AIB)-Nigeria Commissioner, Mr Akin Olateru, said the signing of MoU i...

August 21, 2022 No Responses

Joshua Loses To Usyk By Split Decision

Anthony Joshua’s bid to recapture the unified heavyweight titles ended in disappointment as Oleksandr Usyk produced a terrific performance to win by split decision in Jeddah, Saudi Arabia. In a clash billed as the Rage on the Red Sea, a...

August 15, 2022 No Responses

Saudi Oil Giant Tops Own Record With $48.4b Profit

Saudi oil giant Aramco has broken its own record with a $48.4bn (£39.8bn) profit for the second quarter of 2022. It is a 90% year-on-year increase and marks the biggest earnings for the world’s largest energy exporter since its public...

December 6, 2021 No Responses

Lewis Hamilton Wins Saudi Arabian Grand Prix

Lewis Hamilton beat Max Verstappen in a chaotic and controversial Saudi Arabian Grand Prix to set up a winner-takes-all title finale in Abu Dhabi next weekend. In one of the most dramatic grands prix in years, the race was stopped...

October 25, 2021 No Responses

Buhari, Indimi, Dangote, Rabiu, Tinubu, Others For Investment Summit In S/Arabia

By Moses Ebosele, ebosele@hotmail.com — President Muhammadu Buhari will on Monday, October 25, 2021 depart for Riyadh, Saudi Arabia, to participate in the investment conference organised by the Future Investment Initiative Institute. The ...

March 22, 2021 No Responses

Saudi Aramco To Prioritise Energy Supply To China For 50 years

Saudi Aramco will ensure China’s energy security remains its highest priority for the next 50 years and beyond as new and existing energy sources run in parallel for some time, CEO Amin Nasser told the China Development Forum on Sunday.Saudi Arabia,...

January 12, 2021 No Responses

Qatar Resumes Flights To Saudi Arabia

Qatar’s national carrier resumed flights to Saudi Arabia on Monday, after a deal this month ended a regional dispute that erupted more than three years ago. Qatar Airways said the first flight left Doha on Monday as the airline resumes daily...

August 22, 2020 No Responses

Saudi Arabia Suspends $10b Oil Refinery Project

Aramco, Saudi Arabia’s state oil company has suspended a deal to build a $10 billion refining and petrochemicals complex in China as the company slashes spending to cope with low oil prices.Aramco decided to stop investing in the facility in China’s No...