Saudi Arabia

Swedish holding company Embracer Group AB (OTC: THQQF), known for acquiring various gaming entities including Gearbox Entertainment and rights for Lord of the Rings and Tomb Raider, experienced a stock drop due to a collapsed $2 billion deal earlier this year. The partner who withdrew was revealed...

After Europe’s radical decision to adopt the USB-C charger for all devices, Saudi Arabia has also joined forces to promote a unified charging revolution. What Happened: Saudi Arabia has announced mandatory standard USB-C charging ports for all electronic devices from 2025. Ministry has passed...

As supply constraints and increasing demand tighten the global crude market, Saudi Arabia has raised almost all oil prices for September to Asia and Europe. What Happened: Saudi Aramco has increased the price of Arab Light crude for sale to Asia by 30 cents per barrel above the...

Saudi Arabia has indicated that it might further reduce its oil production. This comes as the country continues its voluntary agreement with Russia to limit oil supply for another month. This decision is made despite the recent increase in crude oil prices, which could potentially reignite...

The BRICS alliance, an association of the five major emerging economies of Brazil, Russia, India, China, and South Africa, is witnessing an increasing number of nations showing interest in joining its ranks. The surge in interest corresponds with an increasing number of countries...

In a show of continued cooperation, Saudi Arabia and Russia, two of the world’s largest oil exporters, have deepened oil supply cuts in an effort to bolster flagging prices, Reuters reports. Strengthened Alliance The move is part of the OPEC+ alliance, which includes the Organization of the...

A new joint commercial venture between the world's three largest golf tournaments is raising questions for antitrust regulators across the U.S. and Europe. The merger, by which U.S.-based PGA Tour and its European counterpart, DP World Tour will unify operations with recently emerged underdog LIV...

Former President Donald Trump, a huge fan of the sport of golf, made a bold prediction nearly one year ago, saying that two rival golf leagues would merge together. On Tuesday, his prediction came true. What Happened: The PGA Tour and LIV Golf Tour have put aside their differences and...

Concerns over the global economy dragged oil prices on Tuesday afternoon Asian trade after a knee-jerk surge the day before in the aftermath of the unexpected production cut announced by Saudi Arabia. West Texas Intermediate futures maturing in July were trading 2.04% lower at $70.70 per barrel....

U.S. oil stocks are poised to capitalize on a tightening global crude market as a result of recent developments at the OPEC+ summit. The combination of Saudi Arabia's commitment to implement additional output cuts and the extension of voluntary cutbacks by OPEC+ nations has created a favorable...

OPEC+ has agreed on output cuts into 2024.  On Sunday, Reuters reported that Saudi Arabia's energy ministry will extend its voluntary oil cut of 500,000 barrels per day (bpd) until the end of 2024. Russia has also agreed to extend its voluntary oil production cut of 500...

Square Enix Holdings Co Ltd's (OTC: SQNXF) "Final Fantasy 16" will not be available for purchase in Saudi Arabia. The news was announced by the country's Public Authority for Media via Twitter, where the government body said the game will not be released due to "the publisher...

Lionel Messi could be leaving Paris Saint-Germain (PSG) this summer to play in Saudi Arabia next season, according to reports by Spanish media outlet El Chiringuito. The Argentine would reportedly be accepting a proposal from Al Hilal, the reigning champions of the Saudi Pro League,...

As the BRICS coalition of nations prepares for its upcoming annual summit in South Africa, 19 countries have shown interest in becoming members of the group. The bloc, which consists of Brazil, Russia, India, China, and South Africa, plans to convene in Cape Town from June 2-3 to address the...

On Friday, former Treasury Secretary Larry Summers shared his thoughts on the U.S. economy and the country's global image in light of recent economic data and amid China's increasing influence in the Middle East.  Fed Faces Very Difficult Choices: There is...