Oil Dependent Economy
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Oil Giant Saudi Aramco, BYD Announce Alliance To Foster NEV Development
Saudi Arabia is working to diversify its economy, which is dependent on oil export revenue, and wants to set up 5,000 EV charging stations by 2030.
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"Extremely Tense": Russia Rattled As Oil Plummets To $52 Over Trump Tariffs
Russia, whose economy is heavily dependent on oil, energy, and mineral exports to the world, is staring at a crisis, should oil prices continue to plummet the way they are currently.
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"Starting To Crumble": German Minister On EU Unity On Russia Sanctions
German Economy Minister Robert Habeck on Sunday expressed fears that the European Union's unity was "starting to crumble" ahead of a summit to discuss an oil embargo against Russia and plans to cut dependence on Russian energy.
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Analysis-When It Comes To Oil, The Global Economy Is Still Hooked
The world may be less dependent on oil now than it was during the energy shocks of the 1970s, but the Ukraine conflict is stark evidence of a stubborn craving that can still disrupt economies, confound policymakers and spark political strife.
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Saudi Encouraged "Oil Boom" Foreign Workers To Leave. Now It's Struggling
Mohammed Iqbal joined the throng of foreign workers bound for Saudi Arabia during the oil boom of the 1970s, after recruiters from Pepsi visited his native India and dangled an opportunity in the kingdom driving a delivery truck.
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As Oil Prices Fall, Saudi Arabia Taps Its White Gold - Religious Tourism
With global oil prices flailing, Saudi Arabia is turning to another natural resource: billions of dollars gained from religious tourism as the kingdom hosts the annual hajj pilgrimage
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Opinion: Can 30-Year-Old Saudi Prince Really Transform Saudi Arabia?
The issues facing Mohammed bin Salman - rivalry with a rising Iran, which has bred multiple proxy wars; disaffection among youth and women, who chafe at repressive religious strictures; a bloated government overly dependent on volatile oil prices - bear some resemblance to those Gorbachev confronted.
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Saudi Arabia Reform Plan Aims For Revenue Surge, Salary Clamp-Down
Saudi Arabia plans to more than triple the government's non-oil revenues and clamp down on public-sector salaries over the next five years, ministers said on Monday as they described reforms designed to reduce the economy's dependence on oil and build a sustainable future.
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Oil Giant Saudi Aramco, BYD Announce Alliance To Foster NEV Development
Saudi Arabia is working to diversify its economy, which is dependent on oil export revenue, and wants to set up 5,000 EV charging stations by 2030.
-
"Extremely Tense": Russia Rattled As Oil Plummets To $52 Over Trump Tariffs
Russia, whose economy is heavily dependent on oil, energy, and mineral exports to the world, is staring at a crisis, should oil prices continue to plummet the way they are currently.
-
"Starting To Crumble": German Minister On EU Unity On Russia Sanctions
German Economy Minister Robert Habeck on Sunday expressed fears that the European Union's unity was "starting to crumble" ahead of a summit to discuss an oil embargo against Russia and plans to cut dependence on Russian energy.
-
Analysis-When It Comes To Oil, The Global Economy Is Still Hooked
The world may be less dependent on oil now than it was during the energy shocks of the 1970s, but the Ukraine conflict is stark evidence of a stubborn craving that can still disrupt economies, confound policymakers and spark political strife.
-
Saudi Encouraged "Oil Boom" Foreign Workers To Leave. Now It's Struggling
Mohammed Iqbal joined the throng of foreign workers bound for Saudi Arabia during the oil boom of the 1970s, after recruiters from Pepsi visited his native India and dangled an opportunity in the kingdom driving a delivery truck.
-
As Oil Prices Fall, Saudi Arabia Taps Its White Gold - Religious Tourism
With global oil prices flailing, Saudi Arabia is turning to another natural resource: billions of dollars gained from religious tourism as the kingdom hosts the annual hajj pilgrimage
-
Opinion: Can 30-Year-Old Saudi Prince Really Transform Saudi Arabia?
The issues facing Mohammed bin Salman - rivalry with a rising Iran, which has bred multiple proxy wars; disaffection among youth and women, who chafe at repressive religious strictures; a bloated government overly dependent on volatile oil prices - bear some resemblance to those Gorbachev confronted.
-
Saudi Arabia Reform Plan Aims For Revenue Surge, Salary Clamp-Down
Saudi Arabia plans to more than triple the government's non-oil revenues and clamp down on public-sector salaries over the next five years, ministers said on Monday as they described reforms designed to reduce the economy's dependence on oil and build a sustainable future.
