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Oil Updates — Crude steady amid supply cuts

RIYADH: Oil prices were steady on Monday after a softer dollar and supply cuts from Canada and members of the Organization of Petroleum Exporting Countries and its allies, known as OPEC+. Brent crude futures rose 5 cents, or 0.07 percent, to $75.63 a barrel at 12:50 p.m. Saudi time, while US West Texas Intermediate crude was intact at $71.55 a barrel. Talks to avert a default
Saudi Arabia Ar Riya United States United Arab Emirates Haitham Al Ghais Shrikant Madhav Vaidya

The indirect costs of war should never be forgotten

The backdrop to the annual gathering of G7 leaders last week was extraordinarily poignant. Nowhere signifies the dangers of war better than Hiroshima, the site of the first use of the atomic bomb. Back in August 1945, a US bomb killed tens of thousands of people. The Japanese hosts wanted to remind the world of the horrors of nuclear warfare, not least as we are currently in
Republic Of Israel General Chris Doyle Donald Rumsfeld War Project At Brown University War Project

TAQA to invest over $3bn in Uzbekistan's power sector

RIYADH: Uzbekistan’s power sector is set to receive a major boost after the UAE-based utilities firm Abu Dhabi National Energy Co. announced plans to invest over $3 billion in new and existing power plants. Also known as TAQA, the Abu Dhabi Stock Exchange-listed company has signed a strategic partnership with the Uzbek government to explore projects and investment
Abu Dhabi Abuz Aby United Arab Emirates Ar Riya Saudi Arabia Toshkent Shahri

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Mataf expansion at Grand Mosque to be named The Saudi Riwaq

MAKKAH: The Mataf expansion at the Grand Mosque in Makkah has received royal approval to be named The Saudi Riwaq. The announcement was made by Dr. Abdulrahman Al-Sudais, president of the General Presidency for the Affairs of the Two Holy Mosques. He said: “The Saudi Riwaq, which includes the Mataf expansion project behind the Abbasid courtyard, surrounding the Holy Kaaba’s
Saudi Arabia King Khalid King Saud Abdulrahman Al Sudais Sheikh Abdulaziz Al Asheikh King Abdulaziz

Time to turn US Democrats' 'affinity' for Palestine into policy

Though the US remains a strong supporter of Israel, there are some indications that the supposed “unbreakable bond” with Tel Aviv is faltering, though more in terms of language than deeds. Following last week’s provocative “Flag March,” which is carried out annually by Israeli Jewish extremists in the occupied Palestinian city of East Jerusalem, the US joined other countries
Israel General Tel Aviv White House District Of Columbia United States West Bank

Aramco signs 3 deals with key steel pipe manufacturers in Kingdom

RIYADH: In a bid to secure a substantial supply of steel pipes, Saudi oil giant Aramco has signed three contracts estimated at around $493 million with the Kingdom’s leading steel pipe manufacturers. East Pipes Integrated Co. has been awarded a contract to manufacture and supply steel pipes to the oil company, following a deal worth SR1.8 billion ($479.9 million), according to
Ar Riya Saudi Arabia Group Five Pipe Saudi Group Five Pipe Saudi Co Pipes Integrated Co Saudi Steel Pipe Co

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