Latest News for: Saudi arabia market

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Lumi Rental’s Shares Soar 30% on Riyadh Stock Exchange IPO Debut

Coinspeaker 25 Sep 2023
Lumi is at the forefront of the car rental industry in Saudi Arabia, offering a wide range of vehicles for both local and international customers ... According to the IPO prospectus, Lumi is the third-largest automobile rental service in Saudi Arabia, with a 7% market share in 2021 ... Lumi’s Contributions to Saudi Arabia’s IPO.
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SAL Saudi Logistics Services IPO: cargo company may raise as much as $678m

The National 25 Sep 2023
The company handled 722,000 tonnes of cargo and has 95 per cent of the market share in Saudi Arabia. Saudi Arabia's passenger ground services market, is expected to register a compound annual growth rate (CAGR) of 11.3 per cent, increasing to 158 million passengers in 2030 from 67 ...
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Saudi Energy Minister Defends OPEC+ Oil Cuts for Market Stability

MegaloPreneur 25 Sep 2023
Saudi Arabia’s Energy Minister, Prince Abdulaziz bin Salman Al-Saud, staunchly defended the oil supply cuts orchestrated by OPEC+ during his address at the World Petroleum Congress ... To achieve these aspirations, Saudi Arabia seeks collaborations with other nations, prospective buyers, and investors.
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Saudi Arabia's SAL Logistics could raise $678 mln from IPO

Reuters 25 Sep 2023
HSBC Saudi Arabia is acting as sole financial adviser, bookrunner, global coordinator, lead manager and underwriter ... Oil and gas driller ADES, backed by Saudi Arabia's sovereign wealth fund, last week priced its IPO at the top of the range, implying a valuation of 15.242 billion riyals.
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Oil prices have risen. That's making gas more expensive for US drivers and helping Russia's war

The Nashville Ledger 25 Sep 2023
Above all, Saudi Arabia's decision to cut back how much oil it sends to global markets has pushed prices higher ... Russia, Saudi Arabia's ally in the OPEC+ oil producers' coalition, also extended its own cut of 300,000 barrels a month through 2023 ... The Saudi cuts were a unilateral ...
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Oil prices have risen. That’s making gas more expensive for US drivers and helping Russia’s war

Wtop 25 Sep 2023
Above all, Saudi Arabia’s decision to cut back how much oil it sends to global markets has pushed prices higher ... Russia, Saudi Arabia’s ally in the OPEC+ oil producers’ coalition, also extended its own cut of 300,000 barrels a month through 2023 ... The Saudi cuts ...
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Oil prices have risen, making gas more expensive for US drivers and helping Russia's war

Mississippi Business Journal 25 Sep 2023
Above all, Saudi Arabia's decision to cut back how much oil it sends to global markets has pushed prices higher ... Russia, Saudi Arabia's ally in the OPEC+ oil producers' coalition, also extended its own cut of 300,000 barrels a month through 2023 ... The Saudi cuts were a unilateral ...
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Oil prices have risen — making gas more expensive for U.S. drivers and helping Russia's war

Pittsburgh Tribune Review 25 Sep 2023
Above all, Saudi Arabia’s decision to cut back how much oil it sends to global markets has pushed prices higher ... Russia, Saudi Arabia’s ally in the OPEC+ oil producers’ coalition, also extended its own cut of 300,000 barrels a month through 2023 ... The Saudi cuts ...
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Oil prices up over tight supply outlook

Anadolu Agency 25 Sep 2023
Oil prices rose on Monday as markets focused on a tighter supply outlook after Russia limited the export of gasoline and diesel ... heightened market jitters. This comes amid tight oil supply, with Saudi Arabia and Russia extending their production curbs until the end of this year.
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Saudi Arabia Prepaid Card And Digital Wallet Business Report 2023: An $11.3 Billion Market By ...

MENA FN 25 Sep 2023
(MENAFN - GlobeNewsWire - Nasdaq) Dublin, Sept. 25, 2023 (GLOBE NEWSWIRE) -- The "Saudi Arabia Prepaid Card and Digital Wallet Business and Investment Opportunities Databook - Market Size and ... .
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Oil prices steady as Russia eases fuel export ban

The Times of India 25 Sep 2023
That snapped a three-week rally of more than 10% after ...
photo: Creative Commons
Oil gas is pumped into a vehicle
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Oil prices rise, tight supply back in focus

Reuters 25 Sep 2023
Both contracts fell last week, after a hawkish Federal Reserve stance rattled global financial markets and raised oil demand concerns. That snapped a three-week rally of more than 10% after Saudi Arabia and Russia constrained supply by extending production cuts to the end of the year.
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Western rival to Belt and Road has much to prove

Reuters 25 Sep 2023
... their investment - though Saudi Arabia has apparently committed $20 billion ... Although India and Jordan will benefit from closer connections to large markets, most of the investment will probably go into the United Arab Emirates and Saudi Arabia, neither of which are poor nations.
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Let’s build SA’s economic heritage one more braai or traditional event at a time

Independent online (SA) 25 Sep 2023
This has contributed to the drop in weaner prices as it is very much a buyer’s market at the moment,” he told “Business Report... He was also the leader of the Buthelezi clan ... “Since the start of September, sentiments have, however, improved with increased export prospects as markets in China and Saudi Arabia opened up for South African red meat.
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Wall Street Is Hoping $100 Oil Ain't What It Used to Be -- Commodities Roundup

Market Watch 25 Sep 2023
MARKET MOVEMENTS. ... Elevated energy costs could also tighten labor markets by pushing those with low pay or multiple jobs to think twice about long commutes to work ... MARKET TALKS. ... Analysts point to signs of a tightening market prompted by the efforts of Saudi Arabia and Russia to constrict the flow of oil and its derivatives to the global market.

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FILE - In this handout photo released by the Russian Defense Ministry Press Service released on Saturday, May 28, 2022, a Ka-52 helicopter gunship takes off for a mission at an undisclosed location in Ukraine. Russian helicopter gunships have used a new anti-tank missile called Vikhr (Whirlwind) that has an extended range, allowing pilots to strike Ukrainian armor while staying out of reach of air defenses.
AP / Russian Defense Ministry Press Service via AP, File
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AP / Michel Euler
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