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S&P Global Ratings revised Saudi Arabia's outlook to positive, highlighting strong non-oil growth and economic resilience. The upgrade reflects potential for further reforms and investments in diversifying the economy.
Gulf stock markets show positive trends following U. S. inflation data. Federal Reserve expected to cut rates, impacting Gulf monetary policies. Saudi Arabia's non-oil sector experiences slight growth recovery.
Omani state-run oil company OQ announces plans to offer 25% of its exploration and production business in an IPO. The move follows similar strategies by Saudi Aramco and Abu Dhabi National Oil Co.
Gulf stock markets show gains as investors anticipate US rate cut. OPEC+ set to increase oil production. Key economic data releases awaited in the coming week.
Gulf stock markets remain subdued due to weak oil demand worries, despite potential U. S. rate cuts. Mixed performance across indices reflects economic uncertainties and global influences.
China Energy Engineering secures a $972 million contract for a 2GW solar plant in Saudi Arabia, partnering with local entities. This deal follows recent China-Saudi renewable energy collaborations, highlighting growing green energy ties.
Gulf stock markets show signs of recovery following global sell-off. Saudi Aramco reports strong Q2 profits and acquires larger stake in Petro Rabigh joint venture with Sumitomo Chemical.
A U. S. court has revoked FERC's authorization for NextDecade's Rio Grande LNG project, citing environmental concerns. The company continues construction on phase 1 while evaluating the decision's impact on future plans.