Here are a few things you need to know as Saudi stocks start trading on Sunday.
1) The Organization of the Petroleum Exporting Countries (OPEC) is close to agreeing to extend the oil cut pact beyond June, although more talks were still needed with non-OPEC countries, Energy Minister Khalid Al-Falih has said.
2) Chief of Russian Direct Investment Fund (RDIF), Russia's sovereign wealth fund, reveals investment plans with Saudi Arabia.
3) Saudi Arabia was the third largest crude producer in 2018, OPEC noted in its latest ‘2019 Annual Statistical Bulletin’.
4) State oil giant Saudi Aramco’s wholly-owned subsidiary, Aramco Trading Co., has opened its second international office in Fujairah, UAE.
5) Saudi bank loans granted to the public and private sectors grew by 3 percent year-on-year (YoY) by the end of April 2019 to SAR 1.51 trillion.
6) Saudi Basic Industries Corporation (SABIC) has highlighted its industrial innovative products and solutions during its participation in St. Petersburg International Economic Forum
7) Billionaire Jim Ratcliffe's petrochemicals company, INEOS will invest $2 billion to build three plants in Saudi Arabia as part of Saudi Aramco and Total's petrochemical complex.
8) Brent crude on Friday rose 2.63 percent to reach $63.29/bbl, while WTI crude also rose 2.66 percent to $53.99/bbl.
Comments
{{DisplayName}}
{{ElapsedTime}}