Saudi economy

US National Security Council’s Strategic Communications Coordinator Addresses Impact of Saudi Arabia’s Oil Production Cut on the Global Market

2023-06-06 02:43:14 (CNN) — Strategic Communications Coordinator at the US National Security Council, John Kirby, said on Monday that the oil price was “not significantly affected” by Saudi Arabia’s announcement of the decision to cut production. Kirby added, during a press conference at the White House: “What we will continue to focus on is making … Read more

An Interaction is Stirred by a Western Economist’s View on “Saudi Arabia’s Prospects of Becoming a Literal Superpower”

An economic analyst at Freedom Asset Management, Simon Ventam Fletcher, has made some interesting comments about the Saudi Arabian economy in a video clip that has been shared on social media. In an interview on CNBC, he was asked when the Kingdom of Saudi Arabia would become a superpower not just in terms of oil, … Read more

Sources for CNN in Arabic: The Saudi sovereign fund intends to buy new stakes in two companies on the Egyptian Stock Exchange

Cairo, Egypt (CNN) – Sources told CNN in Arabic that the Saudi Egyptian Investment Company – owned by the Saudi sovereign fund – intends to increase the volume of its investments in Egypt during the coming period, by acquiring a stake in Misr Aluminum Company, and raising its stake in the Egyptian International Industries Company. … Read more

Saudi Arabia.. Aramco announces new gasoline prices for the month of June

Dubai, United Arab Emirates (CNN) – Aramco, the Saudi oil giant, announced on Friday the new fuel prices in the Kingdom for the month of June, as follows: Gasoline 91 2.18 per liter Gasoline 95 2.33 per liter diesel 0.63 per liter kerosene 0.81 per liter liquefied petroleum gas 0.90 Aramco adjusts the prices of … Read more

A report on the amount that Saudi Arabia earns daily from selling oil provokes an interaction

Dubai, United Arab Emirates (CNN) – Activists on social media circulated a report published by Bloomberg on the amount of money that Saudi Arabia earns from selling oil daily, which it claimed amounts to “a billion dollars a day.” Saudi Arabia does not control oil prices, and it is in its long-term interest to keep … Read more