Saudi Arabia
Persistent underinvestment in the oil sector will maintain world wide provide limited, Aramco CEO suggests
Pump jacks are observed in the Halfway Sunset oilfield, California. Lucy Nicholson | Reuters Chronic underinvestment in the hydrocarbons sector will preserve world-wide source limited, the head of the world’s major oil enterprise warned, suggesting higher long run strength rates as China’s reopening and the comeback of the aviation industry gather rate. Requested by CNBC’s […]
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Uber-backed ride hailing application Careem is halting its operations in Qatar
The Careem trip-hailing application on a cellular phone outside the house the Mall of the Emirates in Dubai, United Arab Emirate. Christopher Pike | Bloomberg | Getty Photos Uber-backed experience hailing support Careem announced on Tuesday an conclude to its operations in Qatar. The shock announcement, which went into impact right away on Feb. 28, […]
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Lucid’s revenue falls short of estimates as it guides to higher EV production in 2023
Electric vehicle start-up Lucid on Sept. 28, 2021 said production of its first cars for customers has started at its factory in in Casa Grande, Arizona. Lucid Electric vehicle maker Lucid on Wednesday reported fourth-quarter revenue that fell short of expectations after building just 7,000 of its Air luxury sedans last year amid manufacturing challenges. […]
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LIV Golf reaches broadcast rights deal with CW Network
Signage on a golf ball at the LIV golf tournament on Thursday, Sept. 15, 2022, at Rich Harvest Farms in Sugar Grove, Illinois. Brian Cassella | Tribune News Service | Getty Images LIV Golf reached a multi-year deal to make CW Network the exclusive U.S. broadcast partner of the Saudi-funded professional golf tour that launched […]
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Saudi Arabia can ‘bridge the gap’ among the U.S. and China, finance minister claims
Saudi Arabia can assistance be a conduit involving the U.S. and China at a time of heightened geopolitical tensions, Saudi Finance Minister Mohammed al-Jadaan claimed Monday at the Planet Economic Forum in Davos, Switzerland. The feedback arrived amid queries over what the minister was most apprehensive about in 2023. He referred to as for tranquil […]
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Saudi Arabia’s $500 billion bet to build a futuristic city in the desert
Saudi Arabia is building a futuristic city in the middle of a vast desert— from scratch. A vital element of the country’s Vision 2030 plan, the project is the brainchild of Saudi’s de facto leader, Crown Prince Mohammed bin Salman, also known as MBS. The site covers an area of more than 10,000 square miles, […]
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EV maker Lucid closes $1.5 billion raise from the Saudi public wealth fund and other investors
Lucid Motors CEO Peter Rawlinson claps after ringing the opening bell at the Nasdaq MarketSite as Lucid Motors (Nasdaq: LCID) begins trading on the Nasdaq stock exchange after completing its business combination with Churchill Capital Corp IV in New York City, July 26, 2021. Andrew Kelly | Reuters Electric vehicle maker Lucid Group said Monday […]
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Saudi Arabia reports its very first price range surplus in almost 10 years on better oil prices
The Kingdom Tower (heart) stands on the skyline over the King Fahd highway in Riyadh, Saudi Arabia. Simon Dawson | Bloomberg | Getty Photographs Saudi Arabia claimed its 1st price range surplus in approximately 10 yrs, many thanks to its earnings being ramped up by elevated oil price ranges. The 2022Â surplus arrived to 102 billion […]
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China’s Xi to stop by Riyadh as Saudi Arabia seeks to develop worldwide get to
Chinese chief Xi Jinping Getty Visuals Chinese President Xi Jinping will be in Saudi Arabia on Wednesday to attend the to start with China-Arab States Summit and the China-Gulf Cooperation Council Summit in Riyadh, according to the Ministry of Overseas Affairs in China. The check out, which will span a few times, adopted an invitation […]
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You can take a 500-mile round-trip taxi from Saudi Arabia to the Qatar World Cup for $532
A general view of the skyline from the Doha Corniche on March 31, 2022. Nick Potts – Pa Images | Getty Images The Dubai-based rideshare app Careem is offering inter-country taxi journeys for the 2022 World Cup in Qatar, as millions of soccer fans from around the world descend on the tiny Gulf country for […]
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