Tag Archives: Khalid A Al Falih

Saudi Arabia aims to break the slow pace in the progress of Saudi projects in China and push for more investments between the two nations.

China supports Saudi Arabia to diversify its economy.

Al-Falih told Arab News that they discussed Iraq’s huge mineral reserves. which have yet to be explored or invested in.

The move is a sign that the market in the region is tightening.

OPEC hopes the market rebalancing will accelerate in the second half of this year.

Kingdom to limit crude oil exports at 6.6 million barrels per day in August. almost 1 million bpd below levels a year ago.

Ministers from countries including Kuwait. Venezuela. Algeria. Saudi Arabia. Russia and Oman will discuss production caps on Nigeria and Libya.

Ecuador is doing what other members wish to—ditching a supply deal that has become more painful than gainful.

The city is expected to add 22.5 billion riyals ($6 billion) to gross domestic product (GDP) each year and create thousands of jobs.

According to OPEC delegates. the cartel won'.t be rushing to make that decision. even though a panel monitoring the cuts will be meeting next month.