Saudi Arabia photograph

Saudi Arabia

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Currency Saudi riyal
Capital Riyadh
Dialing code+966
Population32. 94 million (2017)
Did you knowSaudi Arabia is the fifth-largest Middle Eastern country by population (31,521,000).
Date of Reg.
Date of Upd.
ID1380637
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About Saudi Arabia


Saudi Arabia, officially the Kingdom of Saudi Arabia, is a country in Western Asia constituting the bulk of the Arabian Peninsula.

Oil firms commit to major fossil fuel cut by 2050 at COP28

Oil firms commit to major fossil fuel cut by 2050 at COP28
Dec 2,2023 7:11 am

... Saudi Arabia s Aramco is one of 50 oil and gas companies pledging to stop adding to planet-warming gases by 2050...

COP28: Huge rise in oil drilling expected from hosts UAE

COP28: Huge rise in oil drilling expected from hosts UAE
Dec 1,2023 7:11 pm

... Between 2023 and 2050, only Saudi Arabia is expected to produce more...

COP28: Can a climate summit in an oil state change anything?

COP28: Can a climate summit in an oil state change anything?
Nov 29,2023 12:41 pm

... But which countries - if any - will put money in the fund? The European Union has indicated it is going to open its wallet, but what about the US and other big economies? China, Saudi Arabia and the Gulf States are still defined as developing countries for COP purposes, by the way, and therefore aren t obliged to pay into funds like this - a big bone of contention...

Saudi investment fund to buy 10% stake in Heathrow airport

Saudi investment fund to buy 10% stake in Heathrow airport
Nov 28,2023 10:41 pm

...By Mariko OiBusiness reporterSaudi Arabia s Public Investment Fund (PIF) has agreed to buy a 10% stake in Heathrow airport from Spanish infrastructure giant Ferrovial...

COP28: UAE planned to use climate talks to make oil deals

COP28: UAE planned to use climate talks to make oil deals
Nov 27,2023 1:11 am

... The briefings show the UAE also prepared talking points on commercial opportunities for its state renewable energy company, Masdar, ahead of meetings with 20 countries, including the UK, United States, France, Germany, the Netherlands, Brazil, China, Saudi Arabia, Egypt and Kenya...

Allow more aid into Gaza, Lord Cameron urges Benjamin Netanyahu in Israel

Allow more aid into Gaza, Lord Cameron urges Benjamin Netanyahu in Israel
Nov 23,2023 2:01 pm

... Counterparts from Saudi Arabia, Jordan, Egypt, Turkey, Indonesia and Nigeria were there, as well as the secretary general of the League of Arab States and the ambassador of Qatar...

Japan condemns Yemen's Houthi rebels hijack of cargo ship in Red Sea

Japan condemns Yemen's Houthi rebels hijack of cargo ship in Red Sea
Nov 20,2023 12:11 am

... The Houthis have been locked in with Yemen s official government - backed by Saudi Arabia - since 2014...

Yemen's Houthi rebels hijack cargo ship in Red Sea

Yemen's Houthi rebels hijack cargo ship in Red Sea
Nov 19,2023 1:41 pm

... The Houthis have been locked in with Yemen s official government - backed by Saudi Arabia - since 2014...

Iran attack: oil prices after the rise of the Iraq-rocket attack

Nov 15,2023 10:51 pm

oil prices dropped after an increase after an Iranian attack on two bases hosting U.S. troops in Iraq.

financial markets were also relatively quiet, despite The Conflict , amid investor hopes to avoid That the Two Sides would be Further escalation.

But he stopped short of calling for military action.

The three major stock indices in the USA closed The Day up approximately 0. 5% or more.

While the oil prices had jumped to an almost four-month high overnight, they dropped back during trading on Wednesday. Brent crude oil was More Than 3% to around 65$. 78 per barrel in mid-day in New York , and West Texas International fell More Than 4%.

Despite the pullback, oil prices remain nearly 25% in The Last 12 months, partly due to rising tensions in the Middle East .

Iranian state television said.

The Attack happened just hours after The Funeral of Soleimani, who was killed by a U.S. drone strike on Friday.

His death had raised concerns That The Conflict between the United States and Iran could escalate Further .

the shipping was going to disrupt The World 's busiest sea routes for oil, About a fifth of the global supply of oil through the Strait connects The Gulf with the Arabian Sea .

The Strait of Hormuz is crucial for the main oil exporters in The Gulf region, Saudi -Arabia, Iraq, the United Arab Emirates and Kuwait whose economies are built around oil and gas production. Iran also relies heavily on this route for its oil exports.

Qatar, The World 's largest producer of liquefied natural gas (LNG), exported almost all of its gas through the Strait.

According to the most recent attacks, the U.S. aviation regulator banned American Airlines flying over Iraq, Iran and neighbouring countries. The ban includes The Gulf of Oman and The Waters between Iran and Saudi Arabia .

The Federal Aviation Administration (FAA) said the decision was a response to increased military activity and increased the political tensions in the region.

Before the latest guidance, the FAA had already been under U.S. tells airlines to fly below 26,000 feet (7,925 m) on the Iraq and fly over an area of Iranian airspace over The Gulf of Oman for Iran, a us drone in June of 2019 shot down.

at The same time, Singapore Airlines said That all flights would be diverted from the Iranian air space.



iraq, oil, iran

Source of news: bbc.com

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