May 22, 2022

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Home Tag Archives: Saudi Arabia

Tag Archives: Saudi Arabia

Business

Lucid (LCID) earnings Q1 2022

By The Texas Chronicle
2 weeks ago
in :  Business
0
13

CEO Peter Rawlinson poses at the Lucid Motors plant in Casa Grande, Arizona, U.S. September 28, 2021. Caitlin O’Hara | Reuters Electric luxury vehicle maker Lucid Group said Thursday it now has more than 30,000 reservations for its Air sedan — but any customers making reservations after June 1 will have to pay higher prices. Lucid said that it will …

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Business

Ukraine-Russia crisis is driving countries to explore new ways of pricing oil, Qatar says

By The Texas Chronicle
March 26, 2022
in :  Business
0
68

Qatari Foreign Minister Sheikh Mohammed bin Abdulrahman bin Jassim al-Thani Yasser Al-Zayyat | AFP | Getty Images Qatar’s foreign minister has said the conflict in Ukraine, and its geopolitical ramifications, is pushing some countries to explore new ways of pricing oil — not in the dollar. The comments, made Saturday by Mohammed bin Abdulrahman Al-Thani, come after a Wall Street Journal …

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Business

Yemen’s Houthis claim attack on Aramco facility after reports of a huge fire

By The Texas Chronicle
March 25, 2022
in :  Business
0
51

Smoke billows from an oil storage facility in Saudi Arabia’s Red Sea coastal city of Jeddah on March 25, 2022. Andrej Isakovic | AFP | Getty Images A huge plume of smoke could be seen above an oil facility in the Saudi city of Jeddah on Friday, according to multiple media reports, with Yemen’s Houthi group claiming they had attacked …

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Business

Oil market heads for ‘biggest supply crisis in decades’ with Russia’s exports set to fall, IEA says

By The Texas Chronicle
March 16, 2022
in :  Business
0
37

Three million barrels per day (bpd) of Russian oil output is at risk beginning in April as sanctions hit and buyers shun the nation’s exports, the International Energy Agency said Wednesday. “The prospect of large-scale disruptions to Russian oil production is threatening to create a global oil supply shock,” the Paris-based firm said in its monthly oil report, adding that …

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Business

Oil prices will likely decide whether stocks have found a bottom or not

By The Texas Chronicle
March 10, 2022
in :  Business
0
62

Market pros are watching to see if the top could be in for oil for now, since it could signal a bottom is in for the stock market. Source link

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Business

Attacks on UAE shows its strengths more than vulnerabilities: Analysts

By The Texas Chronicle
February 11, 2022
in :  Business
0
86

Abu Dhabi city skyline, United Arab Emirates. kasto80 | iStock | Getty Images DUBAI, United Arab Emirates — The recent volley of missile and drone attacks on UAE capital Abu Dhabi shook the Gulf and rattled local markets. While such events are far from uncommon in the Middle East, they were jarring in a country reputed for its safety and …

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Business

E-scooter firm Lime plans aggressive Middle East expansion

By The Texas Chronicle
December 17, 2021
in :  Business
0
146

Mobility start-up Lime is planning to launch its e-scooter and e-bike rental service across the Middle East over the next two years. Lime CEO Wayne Ting told CNBC’s Dan Murphy that the company is running a small trial in Dubai and plans to launch permanent operations in the next couple of months. “Our vision is to invest in the Gulf …

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Business

Tadawul Group shares open 10% above listing price in Riyadh debut

By The Texas Chronicle
December 8, 2021
in :  Business
0
106

Shares of Saudi Tadawul Group, the owner of the kingdom’s $2.5 trillion dollar bourse, soared more than 20% on debut Wednesday as the appetite for Gulf listings heats up. “Today we mark a significant milestone for our transformation,” Saudi Tadawul Group CEO Khalid Al Hussan told CNBC’s Dan Murphy on Wednesday. Priced at 105 Riyals ($27.99) per share and oversubscribed …

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Business

Saudi Arabian Airlines signs deal with CFM International

By The Texas Chronicle
December 4, 2021
in :  Business
0
63

Boeing 787 Dreamliner Saudi Arabian. Aircraft to Fiumicino Leonardo da Vinci Airport. Fiumicino (Italia), Nov. 11, 2021 Massimo Insabato/Archivio Massimo Insabato/Mondadori Portfolio via Getty Images Saudi Arabian Airlines has signed an agreement with CFM International worth $8.5 billion at list prices, the carrier said in a statement on Saturday. The state-owned carrier, also known as Saudia, said “it has ordered …

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Business

Oil supply in focus amid omicron Covid variant fears

By The Texas Chronicle
December 2, 2021
in :  Business
0
146

Oil rigs work on platforms in Gaoyu Lake in Gaoyou in east China’s Jiangsu province Friday, Sept. 17, 2021. Barcroft Media | Getty Images OPEC and non-OPEC oil producers, an influential group known as OPEC+, will meet on Thursday to decide on the next phase of output policy. The energy alliance will convene via videoconference to determine whether to stick …

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