Saudi Arabia

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Saudi extends oil production cut as Russia reduces exports

Saudi Arabia said yesterday it was extending a voluntary oil production cut of one million barrels per day, and Russia said it was slashing exports by 500,000 bpd.

The moves were the latest attempts by major producers to stabilize markets rocked by factors including continued fallout from the Russian invasion of Ukraine and China's faltering economic recovery.

Brnabic invited to visit Saudi Arabia

BELGRADE - Serbian PM Ana Brnabic met on Monday with Saudi Arabia's Ambassador to Belgrade Osamah bin Dakhel Al Ahmadi, who presented to her a letter from the country's Crown Prince Mohammed bin Salman Al Saud with an invitation to visit Saudi Arabia in the period to come to exchange views on bilateral ties and international affairs of mutual interest in person.

Swedish PM urges calm, reflection after Quran burning protest

Swedish Prime Minister Ulf Kristersson on June 30 called for calm and reflection in the wake of this week's protest in which a Quran was burned outside a Stockholm mosque, which has sparked outrage and condemnation.

"It is difficult to say what the consequences will be. I think there are many people who have reason to reflect," Kristersson told a press conference.

Gulf oil states on a Pacific charm offensive

Gulf oil states are using their vast wealth to build influence across the far-flung South Pacific, experts have told AFP, tearing a page straight out of China's Belt and Road playbook.

Saudi Arabia and the United Arab Emirates, two of the world's biggest crude oil producers, have been ramping up efforts to shed their reputations as global climate laggards.

Erdoğan slams Sweden for allowing Quran burning

President Recep Tayyip Erdoğan has strongly condemned the burning of the Muslim holy book the Quran in Sweden on June 28, further clouding the Nordic nation's chances of quickly joining NATO.

"We will not bow to the politics of provocation and threat. We will show our opposition against Islamophobia," Erdoğan said in a video message to celebrate Eid al-Adha of his party's members. 

As temperatures climb, pilgrims ascend Mount Arafat for hajj climax

Hundreds of thousands of Muslim pilgrims crowded Saudi Arabia's Mount Arafat on Tuesday, the climax of a potentially record-breaking hajj pilgrimage held in fierce summer heat.

As dawn broke, groups of worshippers recited Koran verses on the rocky rise, where the Prophet Mohammed is believed to have given his final sermon.

Aramco, TotalEnergies sign contracts for $11bln Saudi complex

 

Saudi Aramco and France's TotalEnergies have signed contracts to start building an $11-billion petrochemicals facility in the Gulf kingdom, the two companies said.

A signing ceremony for the engineering, procurement and construction contracts for the Amiral complex took place at Aramco's headquarters in Dhahran, in Saudi Arabia's Eastern Province.

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