Read the latest news from regional and global sources, presenting different voices and perspectives.
Oil Holds Gains Despite US Crude Surge
Rigzone
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July 9, 2025
Oil held steady as traders weighed a large gain in US crude stockpiles against fresh US efforts to crimp Iranian crude exports. West Texas Intermediate swung between gains and losses before settling above $68 a barrel, narrowly extending a winning...
Saudi Arabia to allow foreign property ownership in Riyadh and Jeddah
Middle East Eye
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July 9, 2025
Saudi Arabia approved a new law allowing foreigners to own real estate as part of the kingdom’s plan to diversify its economy and open it to foreign investment. The long-awaited reform, passed on Tuesday, allows foreigners to buy property in...
Saudi energy minister: oil and gas will remain indispensable despite expansion of renewable energy
Saudi Gazette
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July 9, 2025
Saudi Gazette report VIENNA — Saudi Energy Minister Prince Abdulaziz bin Salman said that oil and gas will remain indispensable despite expansion of renewable energy. "While renewable, nuclear power, and hydrogen energy sources are expanding, oil...
Saudi Aramco Discusses LNG Purchase to Support Commonwealth LNG's Market Growth
World Energy News - Connecticut
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Oil giant Saudi Aramco is in talks with Commonwealth LNG to buy liquefied natural gas from the U.S. company's proposed facility in Cameron, Louisiana, as it seeks to strengthen its position in the market for the superchilled fuel, four people told...
Saudi Awwal Bank named best bank in Saudi Arabia for 2025 by Euromoney for financial performance and innovation
Saudi Gazette
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July 9, 2025
Saudi Awwal Bank (SAB), one of the leading banks in the Kingdom of Saudi Arabia, has been named “Best Bank in Saudi Arabia for 2025” by Euromoney, recognizing the bank’s strong financial performance, continued digital advancement, and commitment...
Saudi Arabia could join UK-Japan-Italy stealth fighter programme
The New Arab
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July 9, 2025
The Tempest will be one of the most state-of-the-art stealth fighter jets in the world [Getty] Saudi Arabia could play a role in the development of a cutting-edge stealth fighter, currently being designed by Japanese, British, and Italian aircraft...
Industrial Exports Grow 8% in Q1 of 2025, Reaching JD 2.5 Billion
Jordan News
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July 9, 2025
Jordan’s industrial exports grew by 8 percent during the first quarter of 2025 compared to the same period last year. According to statistical data from the Jordan Chamber of Industry, the Kingdom’s industrial exports during the first quarter of...
Saudi Arabia’s Esports World Cup Is Courting ‘Non-Hardcore’ Gamers, Traditional Sports Industry and Showbiz Elite With Stars and More Than $70 Million in Prizes
Variety
·
July 9, 2025
The 2025 Esports World Cup is in full swing in Riyadh, Saudi Arabia with the second day of the second annual video-game-centric competition underway. At stake across 26 events for 25 different esports is more than $70 million in prize money and...
Oil Is Not Merely a Resource but Also a Tool of Imperial Power: Paravisini
teleSUR
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July 9, 2025 Hour: 1:51 pm On Wednesday, on the sidelines of the 9th International Seminar of the Organization of the Petroleum Exporting Countries (OPEC) in Vienna, Venezuelan engineer David Paravisini spoke to teleSUR, offering a historical and...
Oil Demand: Majors Sign Up to Opec’s Bullish Rhetoric
Energy Intelligence
·
July 9, 2025
Opening the biannual Opec International Seminar in Vienna on Jul. 9, Secretary-General Haitham al-Ghais flagged up “a lot of surprises” to be unveiled in Opec’s 2025 World Oil Output (WOO) report to be released on Thursday. Talk is that the 2025...
Saudi reports crude export rise by 412,000bpd in April
New National Star
·
July 9, 2025
BY SAM OTUONYE Top OPEC Producer, Saudi Arabia’s crude exports soared by 412,000 barrels per day (bpd) in April from March, the latest data by the Joint Organizations Data Initiative (JODI) showed on Tuesday. Saudi Arabia, the world’s top crude...
Agriculture exports can rise from Rs 4.5 lakh crore to Rs 20 lakh crore with focus on processing, branding: Piyush Goyal
Sacramento Sun - California
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New Delhi [India], July 9 (ANI): Union Minister of Commerce and Industry Piyush Goyal, while addressing the ICC: Krishi Vikram Thematic Session in New Delhi on Wednesday and said that India's agriculture and fisheries exports have now reached Rs...
Saudi’s Jahez buys majority stake in Qatar’s Snoonu, valuing it at $320 million
MENAbytes
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July 9, 2025
Saudi-listed food delivery platform Jahez is acquiring a 76.56% stake in Qatar’s Snoonu for $245 million, marking its entry into the Qatari market and further expansion across the GCC, it announced in a statement today. Jahez will acquire 75% of...
Sources: Saudi Aramco and Commonwealth LNG in negotiations for an offtake agreement
World Energy News - Connecticut
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Four people said that Saudi Aramco, the oil giant, is in discussions with Commonwealth LNG about buying liquefied gas from its proposed Cameron, Louisiana facility. The company wants to improve its market position for super-cooled fuel. Two people...
Consultation open on Saudi Arabia new insurance laws
Captive International
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Captive insurance executives will be looking closely at the details of a much-anticipated new draft Insurance Law, which has been unveiled by the Insurance Authority (IA) in the Kingdom of Saudi Arabia. The draft law will be open to public...
Reuters: Saudi Aramco in U.S. Supply Talks with Commonwealth LNG
Oil Price
·
July 9, 2025
Saudi Aramco is in advanced talks to acquire 2 million tonnes per annum (Mtpa) of liquefied natural gas (LNG) from the U.S.-based Commonwealth LNG terminal in Cameron, Louisiana, according to an exclusive Reuters reported on Wednesday. The...
CMA approves set of regulatory enhancements for investment funds in Saudi Arabia
Saudi Gazette
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July 9, 2025
Saudi Gazette report RIYADH — The Capital Market Authority (CMA) Board has approved a set of enhancements aimed at developing the regulatory environment for investment funds in Saudi Arabia. This includes amendments to the Investment Funds...
Middle East Oil Giants Say OPEC+’s Supply Surprise Needed by Market
Financial Post
·
July 9, 2025
Saudi Aramco, which hiked its key oil prices for customers in Asia a day after the weekend meeting, sees “healthy global oil demand,” despite trade challenges, tariffs and their impact on the global economy, President and CEO Amin Nasser said at...
Ericsson reinforces its commitment to the KSA by establishing regional HQ in Riyadh
TahawulTech
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July 9, 2025
Ericsson, one of the leading global ICT vendors has reinforced its commitment to the Kingdom of Saudi Arabia, following its decision to inaugurate its new regional headquarters in Riyadh. From Left to Right: Eng. Nezar Banabeela, CEO of Mobily,...
Middle East Crude-Benchmarks firm, Saudi August allocation awaited
Hellenic Shipping News
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July 9, 2025
Middle East crude benchmark spot premiums of Oman, Dubai and Murban held firm on Wednesday, supported by good demand from Asia and higher August official selling prices by Saudi Arabia for Asia. The market is awaiting Saudi’s August crude...