Saudi Arabia | Egypt Oil & Gas - Part 72
Saudi to Raise Water Prices amidst Credit Downgradings
Saudi Arabia will raise the price of water for non-residential consumers, a move widely perceived as a sign the government is cutting back an expensive system of subsidies thanks to low oil prices.
Green Grid Technologies Showcased at Saudi-GCC Conference
The 11th GCC-CIGRE International Conference was launched on Tuesday in Jeddah, Saudi Arabia, stretching from November 3-5.
Oil Prices, Post-Sanction Iran Prompt GCC Maintenance Cost Cutting
Gulf oil producers are delaying some field maintenance until next year to keep production high and reduce costs, forecasting weaker oil prices in 2016.
Saudi Bonds and Spending Move in Opposite Directions
Standard and Poor, which previously downgraded Saudi Arabia's sovereign debt, has said that this in turn may contribute to a gradual repricing of the Gulf's international bonds.
Saudi Arabia Able to Withstand Oil Prices: Saudi FM
Saudi Foreign Minister, Adel al-Jubeir, has announced that Saudi Arabia can withstand the impact of low oil prices on state revenues and economic growth, reported Reuters.
Mining to Make Major Contribution to Saudi Diversification
Saudi Arabia's plans to diversify its economy away from oil gained additional imputes with the announcement that the country's mining sector is set to triple by 2030.
Saudi Seriously Contemplating Slashing Energy Subsidies
Oil Minister Ali al-Naimi confirmed suspicions that the Saudi kingdom could cut its system of energy subsidies
Crude Oil Fails to Keep PetroRabigh Profits Afloat
Saudi Arabia's Rabigh Refining and Petrochemical Co (PetroRabigh) reported that its profits swung to a net loss in the third-quarter
