Saudi Arabia (i/ˌsɔːdiːəˈreɪbiə/, i/ˌsaʊ-/), officially known as the Kingdom of Saudi Arabia (KSA), is an Arab state in Western Asia constituting the bulk of the Arabian Peninsula. With a land area of approximately 2,150,000km2 (830,000sqmi), Saudi Arabia is geographically the second-largest state in the Arab world after Algeria. Saudi Arabia is bordered by Jordan and Iraq to the north, Kuwait to the northeast, Qatar, Bahrain, and the United Arab Emirates to the east, Oman to the southeast, and Yemen to the south. It is the only nation with both a Red Sea coast and a Persian Gulf coast, and most of its terrain consists of arid inhospitable desert or barren landforms.
The area of modern-day Saudi Arabia formerly consisted of four distinct regions: Hejaz, Najd, and parts of Eastern Arabia (Al-Ahsa) and Southern Arabia ('Asir). The Kingdom of Saudi Arabia was founded in 1932 by Ibn Saud. He united the four regions into a single state through a series of conquests beginning in 1902 with the capture of Riyadh, the ancestral home of his family, the House of Saud. The country has since been an absolute monarchy, effectively a hereditary dictatorship governed along Islamic lines. The ultra-conservative Wahhabism religious movement within Sunni Islam has been called "the predominant feature of Saudi culture", with its global spreading largely financed by the oil and gas trade. Saudi Arabia is sometimes called "the Land of the Two Holy Mosques" in reference to Al-Masjid al-Haram (in Mecca), and Al-Masjid an-Nabawi (in Medina), the two holiest places in Islam. The Kingdom has a total population of 28.7 million, of which 20 million are Saudi nationals and 8 million are foreigners.
data influence market sentiment ... Amidst a backdrop of fluctuating oil prices, this week saw a mix of volatility and potential signs of recovery in the oil market ... Economic Indicators and Market Sentiment ... The call from SaudiArabia and Russia for a unified approach to output cuts underlines the group’s attempt to stabilize the market.
8, 2023 /PRNewswire/ -- The wind turbine decommissioning services market size is expected to grow by USD 1.72 billion between 2023 and 2028 ... Key Highlights.The report recognizes the following as some of the key players in the wind turbine decommissioning services market ... Market Dynamics. ... Market structure ... US, SaudiArabia, China, Germany, and Denmark.
SaudiArabia could be pushed to wage oil "market share war," one expert said ... Those pressures could eventually push Saudi Arabia to wage oil "market share war" against the US, energy expert Paul Sankey told Business Insider, a tactical move that involves flooding the world's oil supply through the first half of 2024 to regain control of the market.
This event, a brainchild of SaudiArabia’s $700 billion Public Investment Fund, is not just a meeting of ... There’s a strategic push to attract Middle Eastern companies to Hong Kong’s stock market, further intertwining China’s and Saudi Arabia’s economic destinies.
And later he flew to SaudiArabia, met Saudi Crown PrinceMohammed Bin Salman Al-Saud, before he returned to Moscow... Neither the UAE nor Saudi Arabia are signatories to the founding treaty of ICC ... With Europe in decline both politically and economically, the importance of emerging market economies like the UAE and Saudi Arabia becomes evident.
Oil was rising for the first time in seven sessions on Friday, with some attributing the lift to verbal support by Russia and SaudiArabia... That pledge included a widely expected extension of Saudi Arabia’s 1 mbd voluntary output cut and Russia’s 300,000 barrel a day cut to crude exports.
Oil benchmarks were headed for a seventh straight weekly decline on worries over a global supply surplus and weak Chinese demand, though prices recovered ground on Friday after SaudiArabia and Russia called for more Opec+ members to join output cuts ... Saudi Arabia and Russia, the ...
Abu Dhabi, Dubai, SaudiArabia, and Egypt all have excellent infrastructure for fostering a start-up ecosystem ... The vast population of Saudi Arabia holds great promise as a market with its vast population and its opening of doors to entrepreneurs means abundant rooms for start-ups to scale.
Newcastle United were renowned for their frugality in the transfer market under former owner Mike Ashley, but ...SaudiArabia's Public Investment Fund are now in control of the Magpies and have transformed their prospects with the help of some clever signings.
OPEC and SaudiArabia are losing their grip on the oil market as prices see the longest fall in five years.A new study shows that a stock-only strategy offers better returns than a 60/40 mix over the long-term.An "extremely rare" stock market signal with a 100% accuracy rate is ...
7, 2023 /PRNewswire/ -- The�landing string equipment market size is expected to grow by USD 424.91 million from 2023 to 2028, according to Technavio. In addition, the growth momentum of the market will be progressing at a CAGR of�over�7.06% during the forecast period ... Geographical MarketAnalysis� ... US, SaudiArabia, China, Germany, and UK.