Saudi Arabia on Sunday announced the resumption of activities at its embassy in Kabul, more than three years after withdrawing its diplomats during the Taliban takeover of Afghanistan. “Based on the desire of the government of the Kingdom of Saudi Arabia to provide all services to the brotherly Afghan people, it has been decided to…
Saudi Arabia will host the men’s football World Cup in 2034 while the 2030 edition will be held in Spain, Portugal and Morocco, with one-off matches in three South American countries, world football’s governing body FIFA confirmed on Wednesday. The decision was announced by FIFA President Gianni Infantino following a virtual extraordinary Congress. The 2030…
Saudi Aramco’s Ras Tanura oil refinery and oil terminal Ahmed Jadallah | Reuters Saudi state oil giant Aramco reported a 15.4% drop in net profit in the third-quarter on the back of “lower crude oil prices and weakening refining margins,” but maintained a 31.05 billion dividend. The company reported net income of $27.56 billion in…
A trader works as a screen displays the Fed rate announcement, on the floor of the New York Stock Exchange on June 12, 2024. Brendan McDermid | Reuters RIYADH, Saudi Arabia — Major Wall Street CEOs see ongoing inflation pressures in the U.S. economy and aren’t convinced that the Federal Reserve will continue its rate-easing…
