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Saudi Arabia unemployment rate falls to 6.5% in Q1
Saudi Arabia's unemployment rate fell to 6.5 per cent in the first quarter of 2021, compared to 7.4 per cent of the last quarter in 2020, state media...
India's stand on OPEC+ prod. cuts ensures full oil supply for Saudi
India's strong resistance to the OPEC+ move over continuation of unilateral oil production cuts going into April has bore some results with the...
Self-reliance still a distant dream for mfg sector
India lacks technology to make Sonam Clock a 100% self-reliant maker
Crude shock: Saudi asks New Delhi to use cheap oil it bought last yr
The basket of crude oil India imported in February averaged $61.22 per barrel and $54.79 in January this year. It had fallen to $19.90 in April 2020...
Saudi Arabia and the UAE are on an economic collision course
The Saudis and Emiratis are pursuing diversification into the same sectors: tourism, financial services, logistics, petrochemicals, technology. Since...
Saudi Arabia's floating city brings in a sinking feeling
Talk of selling shares in floating city compounds the air of fantasy. So does the prince's expectation that NEOM can be run like a business without...
Saudi Arabia to stop contracting with firms without local HQ
Amid the collapse of global oil prices, Crown Prince Mohammed bin Salman has promoted efforts to overhaul the Saudi economy and liberalize its society...
Oil price targets would make a far better goal
But a target based solely on the stockpiles that are reported misses the much larger volumes that are not. Satellites and drones can be used to...