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SAUDI ECONOMY
Oil Price Today (June 19): Crude oil falls, heads for 9% weekly loss as shipping in Hormuz Strait begins. What are experts saying?Brent crude slipped toward $79 a barrel and is down more than 9% for the week. West Texas Intermediate for August was trading near $76 a ba...- 'All US blockade enforcement efforts have ceased': Centcom lifts blockade on ships to, from Iranian portsBig news out of the Middle East! The US has officially lifted its blockade on ships going to and from Iranian ports. Central Command confir...
- $200 billion export opportunity for India to BRICS by 2030: ASSOCHAMIndia's exports to BRICS nations are projected to surge to USD 200 billion by 2030. This ambitious target represents a significant increase...
- Senior US officials release text of Iran dealA draft memorandum of understanding between the US and Iran has been revealed. It includes new standards for uranium enrichment and provisi...
- US quietly allows waiver on Russian oil to expireAmerica's Treasury has not extended sanctions waivers on Russian oil. This waiver expired at midnight. President Trump has not confirmed if...
- Iran will reopen Strait of Hormuz and can sell oil freely under deal with US, according to leaksA tentative deal between Iran and the U.S. will reopen the Strait of Hormuz, a vital oil passage. Iran will be allowed to sell its oil with...
- Why Saudi Arabia imports sand despite being covered by desertDespite vast desert landscapes, Saudi Arabia imports construction-grade sand due to its smooth, wind-shaped grains being unsuitable for con...
- US-Iran deal could leave Gulf states in the lurch: analystsGulf nations face a precarious future after Iran's attacks. A new deal offers only a temporary reprieve, leaving them vulnerable to regiona...
- Middle East oil and gas output will take months to fully recoverA landmark deal between the US and Iran promises to reopen the Strait of Hormuz, a vital oil shipping route. This agreement has already cau...
- WEF names 100 tech pioneers for 2026: AI, Clean Energy and Deep Tech lead the chargeThe World Economic Forum has named 100 early-stage companies from 23 countries as its 2026 Technology Pioneers. Spanning AI infrastructure,...
- Hormuz halt forces Middle East trade into huge rewiringA year after a US-Israel and Iran conflict, Siemens Energy explored alternative routes to Dammam, Saudi Arabia, due to potential Strait of ...
- Fragile Iran deal offers oil relief, but Hormuz risks remainA deal between the U.S. and Iran will reopen the vital Strait of Hormuz, easing global energy supply concerns. However, unresolved disputes...
- Iran says no final decision made on deal that Trump hopes could be signed soonPresident Trump announced a potential peace deal with Iran, aiming to reopen the Strait of Hormuz to shipping this weekend. While Trump cla...
- UAE and Iran conduct first face-to-face meeting to try deescalating Middle East tensionsUS-Iran war: Senior security officials from the United Arab Emirates and Iran met face-to-face for the first time since the US-Israeli war ...
- Why India is the centerpiece of LG's multi billion-dollar vision for the Global SouthLG India growth strategy and consumer electronics market expansion: LG Electronics is targeting a significant revenue increase in India, Sa...
- Saudi Arabia lifts 5-year ban on Lebanese imports, marking a thaw in Gulf-Lebanon tiesAfter a five-year hiatus, Saudi Arabia is reopening its market to Lebanese imports, a decision that stemmed from previous drug smuggling ap...
- Suez Canal sees oil tanker surge amid Strait of Hormuz disruptionEgypt's Suez Canal saw a significant rise in oil tanker traffic and revenue in April. This surge is linked to the closure of the Strait of ...
- 5-day BRICS meeting begins in Indore, to discuss global issues in agriculture sectorA significant five-day BRICS meeting has commenced in Indore. Officials are deliberating on crucial topics including food security, smart a...
- To bring the world, sell India better: The $200 million fix India needs to unlock a tourism windfallIndia's tourism sector faces challenges due to a near-zero overseas marketing budget. This has kept international arrivals below pre-pandem...
- OPEC+ set for fourth oil quota hike since Hormuz closure, sources sayOPEC+ is set to raise its oil output targets for the fourth straight month, a strategic move amidst production hurdles faced by some of its...
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