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Tag Archives: saudi arabia

Trump says ready to help end Saudi-Russian oil-price war

Washington, United States | AFP | US President Donald Trump said Tuesday he was ready to help resolve an escalating oil price war between Russia and Saudi Arabia that has helped push crude benchmarks to 17-year lows. The threat of a global recession triggered by the coronavirus pandemic had already hammered prices when Riyadh said …

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World oil prices claw back ground after crash

Singapore, Singapore | AFP | Oil prices surged more than six percent in Asian trade Tuesday following heavy losses a day earlier after top exporter Saudi Arabia began a price war with Russia. West Texas Intermediate was trading up 6.1 percent at more than $33 a barrel while Brent crude …

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Another Ugandan shares the agony of exploitation in Saudi Arabia

Kampala, Uganda | THE INDEPENDENT  | Another Ugandan woman who had travelled to Saudi Arabia to work as a housemaid is nursing life-threatening injuries sustained during the time of her employment in the Gulf. The victim, who requested anonymity, travelled to Saudi Arabia on a two-year contract, effective last year, …

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Putin talks investments and space in Abu Dhabi

Abu Dhabi, United Arab Emirates | AFP | Russian President Vladimir Putin signed deals worth over $1.3 billion with the United Arab Emirates on Tuesday, wrapping up a tour of the Gulf where he also courted investment in Saudi Arabia. A day after inking a major oil cooperation deal with Riyadh, …

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Saudi gentrifies Shiite old quarter after crushing revolt

Awamiya, Saudi Arabia | AFP |   Strip malls and palm-dotted boulevards stand in the once bullet-scarred old quarter of Awamiya, a Shiite-majority town on Saudi Arabia’s oil-rich eastern coast where the long-planned facelift fuelled deadly clashes. Until a year ago, Musawara neighbourhood resembled a war zone following skirmishes between militants …

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Saudi Arabia hopes to lure over $425 bln in investments

Riyadh, Saudi Arabia | AFP | Saudi Arabia on Monday launched an ambitious programme which it hopes will attract $427 billion in investments in the industrial and logistics sectors, as the OPEC kingpin bids to reduce dependence on oil. To kickstart the 12-year programme, the Gulf state announced the signing …

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