Latest News for: Saudi arabia market

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Market conditions will determine additional share sale in Aramco, chairman says

The National 03 Mar 2021
Saudi Arabia will consider selling more shares in Saudi Aramco, the world's largest exporter of oil, once market conditions improve, according to the chairman of the state-run company ... city Neom as well as the Red Sea Development project on the west coast of Saudi Arabia.
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Oil sinks below $60 before OPEC+ meets to decide on supplies

Gulf News 03 Mar 2021
Crude has rallied more than 20% since the start of the year with support from a range of factors, including Saudi Arabia's unilateral output cuts ... Saudi Arabia always said that its voluntary supply reduction would only last for two months.
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ENGIE, SIDF training program to develop local talent

Arab News 03 Mar 2021
ENGIE’s partnership with SIDF provides practical and vocational training to enable knowledge transfer from international professionals to local staff, ensuring that Saudi Arabia’s workforce can meet the long-term demand of the labor market. Turki Al-Shehri, chief executive of ENGIE in Saudi Arabia, said.
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Volunteers help Saudi job seekers find work via popular app

Arab News 03 Mar 2021
The forum is among a number of rooms set up on Clubhouse — that in recent weeks has been among the top three most popular social media apps in Saudi Arabia and worldwide — to discuss labor market needs, job interview techniques, freelancing opportunities, and other employment-related issues.
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Majid Al Futtaim reports half-year loss as value of properties falls

The National 03 Mar 2021
Costco looks to crack tricky Chinese food retail market ... It owns the Vox Cinema chain, and has capitalised on the recent lifting of restrictions on cinemas in Saudi Arabia with the launch of 49 new screens in the kingdom, bringing the total to 53. It plans to open 600 screens in Saudi Arabia by 2023.
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UAE jobs: 10 high-paying jobs that will stay in demand for the next 20 years

The National 03 Mar 2021
However, Mr Mackenzie believes traditional roles such as those in finance, marketing and human resources will still be sought after ... Sales and marketing - ... Digital - chief digital officer Dh50,000-Dh90,000, head of marketing Dh35,000-Dh60,000 Saudi Arabia's salary guide for 2021.
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OPEC+’s balancing act between crude optimism and pandemic risk

Al Jazeera 02 Mar 2021
An Aramco employee walks near an oil tank at Saudi Aramco’s Ras Tanura oil refinery and oil terminal in Saudi Arabia [File. AhmedJadallah/Reuters]But the market, still wary of last year’s negative prices, is eagerly looking to see OPEC+’s game plan for bringing back Saudi Arabia’s one million barrels ... But Saudi Arabia remains cautious.
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Biden response to report on Khashoggi killing angers both Saudi Arabia and its critics

Finger Lakes Times 02 Mar 2021
BEIRUT — Throughout his campaign, President Joe Biden vowed to take a harder line with Saudi Arabia ... continues to count on Saudi Arabia as a bulwark against Iran and Islamic extremism in the region, making strong condemnation and punishment of the kingdom's misdeeds a tricky business ... For its part, Saudi Arabia is furious.
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Crude oil sinks toward $60 before OPEC+ meets to decide on supplies

The Times of India 02 Mar 2021
Ahead of the gathering, Saudi Arabia has urged members to take a cautious approach even as signs of tightening emerge ... thinks the coalition will boost output by about 500,000 barrels a day next month, with Saudi Arabia unlikely to continue its voluntary curbs ... Saudi Arabia and Russia failed to strike an accord, sparking a price war as output surged.
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As oil prices rally, old OPEC tensions set to rise

Urdu Point 02 Mar 2021
Russia and Saudi Arabia, respectively the world's second and third largest producers of oil after the United States, had often been at loggerheads in the past, but when crude oil prices plunged due to the pandemic, they rallied to radically cut production levels and underpin prices.
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Opec+ to convene amid robust recovery in global oil prices

The National 02 Mar 2021
The alliance, led by Saudi Arabia and Russia, has successfully managed to rein in production, supporting a broader recovery in oil markets, which this time last year began to fall rapidly as Covid-19 spread worldwide.
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Stocks Pull Back After Yesterday’s Rally

FX Empire 02 Mar 2021
Oil got significant support from Saudi Arabia’s decision to cut production by 1 million ... At the same time, it remains to be seen whether the market is strong enough to deal with 1 million bpd of returning supply from Saudi Arabia and additional supply from other OPEC+ members.
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Engie and SIDF launch 2021 training plan

Gulf Daily News 02 Mar 2021
Engie’s partnership with SIDF provides practical and vocational training to enable knowledge transfer from international professionals to local staff, ensuring that Saudi Arabia’s workforce can meet the long-term demand of the labour market ... Turki Al Shehri, CEO of Engie in Saudi Arabia noted.
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