Fear of bankruptcy hangs over Pakistan on its independence day
The State Bank of Pakistan has only about $10 bn of foreign exchange reserves left...
Tag : Saudi Arabia
Iran locked out again – What happens to trading favourites in Europe?
Iran faces economic sanctions again, but it has managed to forge multi-million dollar trade deals with many European and Asian nations. It is OPEC’s third largest oil producer, and has a treasure trove of minerals and natural resources, but with Trump’ administration coming down hard on Iran, what happens next?...
OPEC members to decide on oil prices this week
OPEC is scheduled to meet this week in Vienna to discuss raising production rates, ahead of a meeting with Russia and non-OPEC members ...
Energy, mining and utilities sector leans green as M&A activity dips
According to the report, new research suggests that the Energy, Mining & Utilities (EMU) sector has undergone a structural shift as EMU leans green...
Bahrain announces its newfound oil & gas reserve the largest in its region
The Kingdom of Bahrain procures 80% of its revenue from oil, and gets 150,000 bpd from the Abu Safa oilfield in part...
Softbank, Saudi Arabia build world’s largest solar project
SoftBank Vision Fund is going to invest in a Saudi Arabia solar power generation project, which equates to total global installed power capacity...
MoUs signed during Saudi Arabia’s Crown Prince visit to the US
Saudi Arabia’s Crown Prince’s recent visit to the US has laid emphasis on signing agreements with American companies in the oil and gas sector...
Bahrain eyes tech & tourism for economic diversification
The Bahrain government is encouraging new expansion of skyscrapers in Manama to attract global tech business...
“Nuclear energy will play a strategic role in the future of the nation,” says Khaldoon Al Mubarak
The Barakah Nuclear Energy Plant is observed to be the largest nuclear build in the world with 1400 units underway...
Economic relations between Saudi Arabia & the US marks a new digital phase
The two economies have signed several agreements and multiple MoUs in different sectors including technology and oil and gas...