Al-Falih: KSA ‘always reacts’ to oil supply and demand
Al-Falih: KSA ‘always reacts’ to oil supply and demand
Riyadh - Arab Today
Minister of Energy, Industry and Mineral Resources Khalid Al-Falih said on Sunday the Kingdom always reacts to oil market supply and demand and it would continue to monitor crude markets for any developments.
Al-Falih also said that final agreements with foreign investors taking part in state oil giant Saudi Aramco's huge ship repair and shipbuilding complex that it is developing at Ras Al-Khair would be signed "over the next few weeks and months".
The complex, on the Kingdom's east coast, is due to be fully operational by 2021. Lamprell, Aramco, National Shipping Company of Saudi Arabia (Bahri) and Hyundai Heavy Industries signed a potential partnership agreement relating to the yard earlier this year.
Al-Falih added that the world's largest oil exporter should own the largest oil shipping company, with a fleet that matches the kingdom's oil reserves and sales.
Source: Arab News
GMT 14:44 2016 Monday ,12 December
Kingdom hits new oil output record in NovemberGMT 15:29 2016 Wednesday ,23 November
Transparent, competitive regulations can help boost Saudi mining venturesGMT 14:43 2016 Tuesday ,15 November
Oil trades near 3-month lowsGMT 14:08 2016 Monday ,24 October
GCC and Russia ministers discuss ways to ensure oil market stabilityGMT 22:49 2016 Monday ,10 October
Al-Falih: Vision 2030 will lead to stronger and more robust Saudi Arabia
- Wednesday ,23 November GMT 15:29 2016 Transparent, competitive regulations can help boost Saudi mining ventures
- Monday ,24 October GMT 14:08 2016 GCC and Russia ministers discuss ways to ensure oil market stability
- Monday ,10 October GMT 22:49 2016 Al-Falih: Vision 2030 will lead to stronger and more robust Saudi Arabia
With Job Cuts, China Deal
France's Carrefour revamps operations
Paris - Emiratesvoice
France's Carrefour group said Tuesday it is overhauling its business in a transformation plan involving thousands of job cuts, a product revamp and new partnerships in China. Carrefour, which was the world'sTo partake in Beiteddine Festivals
Singer Bruni arrives in Beirut Sunday evening
Beirut - NNA
French renowned singer and supermodel, Carla Bruni, is expected to arrive this evening at Rafic Hariri International Airport in Beirut, accompanied by her husband, former French President Nicolas Sarkozy. BruniIn France
Microsoft to open 4 data centres
Paris - Emiratesvoice
Microsoft is to open 4 data storage centers in France to meet strong customer demand for cloud computing, the head of the software giant's French operations told the Agence France-Presse onIn Olympic Spotlight
'Friendly and kind' N. Korean skaters
Taipei - Emiratesvoice
North Korea's figure skaters Ryom Tai-Ok and Kim Ju-Sik are "friendly and kind and a little bit shy", South Korea's Kim Kyueun said Tuesday ahead of their hugely anticipated Olympic appearance. The skater is competing with her partner Alex Kam in theFor $11.6 Bn
Sanofi buys US haemophilia treatment
Paris - Emiratesvoice
French pharmaceutical firm Sanofi said Monday it had reached an agreement to purchase US biotech company Bioverativ, which specialises in treatments for haemophilia and rare blood disorders, for $11.6 billion. Sanofi's chief executive Olivier Brandicourt said the acquisition "enhances its presence in specialtyParis show pays homage
to 'eternal style' of late Alaia
Paris - Emiratesvoice
Two months after legendary designer Azzedine Alaia's sudden death plunged the fashion world into mourning, an exhibition in homage to the "King of Cling" opens Monday in his studios in Paris. The Tunisian-born designer, renowned for the way his clothes hugged the body, died suddenly in November aged 82, reportedly of heart failure after falling down the stairs at his home. The diminutive maverick, who ignored fashion week convention by showing when and where he wanted, in July produced his first couture collection in six years to rapturous reviews. Now some of his most iconic dresses are going on display in the glass-roofed gallery next to his studio and home in the Marais district where he used to show his creations. It includes the dress worn by supermodel Naomi Campbell, his longtime friend and muse, when she led
GMT 21:21 2017 Saturday ,28 January
Syrian army units kill Daesh suicides, destroy weapons cache in Deir Ezzor
GMT 19:32 2014 Wednesday ,24 December
Egypt's National Theatre reopens after 6-year hiatus
GMT 02:38 2016 Friday ,07 October
China, Georgia Conclude Negotiations on Free Trade Deal
GMT 09:30 2016 Friday ,22 April
China anti-doping lab admits failing to spot positive samples
GMT 08:40 2016 Friday ,20 May
Boca Juniors clinch Libertadores semifinal spotGMT 22:56 2011 Monday ,16 May
German hairdresser lifts \'best beard\' trophy
GMT 05:34 2017 Saturday ,11 March
China corporate debt levels excessively high, no quick fix
GMT 11:52 2017 Thursday ,05 January
Curry scores 35 as Warriors topple Trail Blazers
GMT 21:45 2015 Wednesday ,01 April
Videogames boost skills, but also harmful
GMT 08:45 2017 Tuesday ,05 September
Spanish man files paternity suit against Julio Iglesias
GMT 09:50 2016 Thursday ,27 October
Voices concern over AT&T-Time Warner
GMT 08:05 2017 Wednesday ,29 November
Fadl Shaker will not leave Ain Al Halwa soon
GMT 15:46 2016 Thursday ,15 December
ZTE’s latest smartphones boast esthetic and technological features
GMT 08:22 2017 Saturday ,20 May
Iraqi FM Meets UN Official
GMT 18:02 2016 Wednesday ,21 September
ADB Approves US$631 Million to Build India s First Coastal Industrial Corridor
GMT 17:13 2017 Wednesday ,25 October
Google Earth discovers ancient stone 'Gates'
GMT 22:48 2016 Thursday ,09 June
Zimbabwe tunes in to Chinese satellites for better weather monitoring
GMT 19:54 2016 Monday ,29 August
Indian officials reimpose curfew in Kashmir’s main city
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor