State-owned oil producer Saudi Aramco on Sunday reported an almost 82% rise in first-quarter net profit, broadly in line with analyst forecasts, helped by strong oil prices. Aramco, which is at par with Apple Inc as the world's most …
Oil giant Saudi Aramco on Wednesday surpassed Apple as the world’s most valuable firm. Aramco’s market valuation was just under $2.43 trillion on Wednesday, according to FactSet, which converted its market cap to …
Persistently low investment in conventional energy sources risks leaving the world running out of spare production capacity for crude oil, refined products, and natural gas
President Recep Tayyip Erdoğan visited Saudi Arabia at the invitation of King Salman in the final days of Ramadan, starting a new chapter in bilateral relations. It was clear that Ankara and Riyadh needed to hold talks on many …
A U.S. Senate committee passed a bill yesterday that could expose the Organization of the Petroleum Exporting Countries and partners to lawsuits for collusion on boosting crude oil prices
CIA Director William Burns paid a secret visit to Saudi Arabia in April, where he met with Crown Prince Mohammed bin Salman. The purpose of the talks is to overcome the crisis in relations between the two countries. According to a Wall …
The diplomatic steps Turkey has recently taken as part of the normalization of relations with Saudi Arabia and the United Arab Emirates (UAE) are reflecting on business as well. Accordingly, Turkish tourism representatives expect a high …
On 28 April Turkey’s President Recep Tayyip Erdogan landed in Saudi Arabia for a two–day visit for the first time in around five years. The trip came after several attempts to repair ties amid the acute shift …
Turkish President Recep Tayyip Erdogan arrived in Jeddah on Thursday, his office said, making his first trip to Saudi Arabia since 2017 after intense efforts by the regional rivals to repair ties which have been strained in recent years. …
A relatively straightforward legal dispute could have geopolitical consequences
Pakistan's new prime minister, Shehbaz Sharif, will find it difficult to consolidate his country's position in the Arab and Muslim world and match his ousted predecessor Imran Khan's charisma as a global statesman
The Saudi-Lebanese crisis came to a head in the fall of 2021, after a Lebanese official was revealed to have harshly criticized Saudi Arabia’s campaign in Yemen
The worldwide wind power market is forecast to jump from around 730 gigawatts this year to 1,200 GW by 2025 with a $17.8bn market value, according to the Global Wind Energy Council’s 2022 Wind Energy Outlook report
Turkey has been on a diplomacy drive over the past year to reset relations with the United Arab Emirates and Saudi Arabia
There has been an unspoken assumption that the West knows what it’s doing because it has been doing it longer than the East. Almost all developed economies are in Western Europe and North America. Yet recently, the tables have turned in …
The Organization of the Petroleum Exporting Countries Plus (OPEC+) crude production fell in March for the first time in more than a year with Western sanctions hitting Russia’s oil flows, and disruptions in Kazakhstan and …
With European and Asian gas prices hitting historic highs, even expensive hydrogen begins to look more attractive, but production costs need to drop significantly and production must be scaled up if it is to become an alternative to fossil …
Saudi Arabia has decided to increase the annual number of Hajj pilgrims to 1 million people, the Saudi Press Agency with reference to the Ministry of Hajj and Umrah reports. Not only about the subjects of the kingdom, but also …
The United Arab Emirates' energy minister on Monday reaffirmed an oil alliance with Russia, as governments across the globe shun Moscow over its operation in Ukraine, …
Reigning world champion Max Verstappen won the Saudi Arabian Grand Prix on Sunday after a thrilling battle with Charles LeClerc. The Red Bull driver, second for most of the race, took the lead with just a few laps to go and …
