Saudi Arabia feels impact of low oil prices
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There was outrage in Washington over Saudi Arabia’s decision to back Opec output cuts during a global energy crisis. What was the kingdom’s motive for putting its strategic partnership with the US at risk? As a regular visitor to Saudi Arabia, Emile Hokayem of the Internationa ...
Saudi Arabia pledged to cut an extra 1m barrels a day of oil output in February and March, and also has agreed to end its dispute with Qatar. Plus, the FT’s US business editor, Andrew Edgecliffe-Johnson, explains why businesses are making their voices heard when it comes to th ...
Saudi Arabia has agreed to renew a three billion dollar deposit at Pakistan’s Central Bank, Saudi Aramco reported record profits, and an expected US tax on stock buybacks isn’t expected to have a big impact on earnings. Plus, Mexico’s president wants beer makers in the north t ...