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  • Opec+ can adjust output policy if market conditions change, Saudi Energy Minister says

    The Opec+ group of 23 oil-producing countries remains flexible and can alter its output policy if market conditions change, Saudi Arabia’s Energy Minister has said. “We are flexible enough to adjust Opec+ decisions if needed,” Prince Abdulaziz bin Salman said at a conference in the kingdom on Monday, according to a Bloomberg report. His remarks come after the group agreed to stick to its existing oil output cuts of 2 million barrels per day at a meeting earlier this month.

  • Climate change: Time running out for world to bridge the energy transition

    The world looks much different now. Today, about 10 percent of humanity lives in extreme poverty (roughly 700 million people). In 2007, for the first time in history, there were more urban residents than rural residents. Since then, urbanization rates have risen steadily, widening the gap. And, in 2018, we hit another milestone, according to Homi Kharas of the Brookings Institution: More than half the world could be considered middle class.

  • Citizen priorities on the environment and climate change in MENA

    The results of the seventh wave survey from Arab Barometer, a non-partisan research network that provides insight into Arab citizen views, shed light on regional perspectives on issues of climate change, water resources, and the environment. The survey, fielded between October 2021 and July 2022, included respondents from 12 countries across the Middle East and North Africa: Algeria, Egypt, Iraq, Jordan, Kuwait, Lebanon, Libya, Mauritania, Morocco, Palestine, Sudan, and Tunisia.

  • Watch Saudi Exchange CEO: Almost 100 IPOs this Year

    Mohammed Al Rumaih, CEO, Saudi Exchange, discusses the appetite for new listings on the Saudi stock exchange. He talks with Bloomberg TV anchor Yousef Gamal El-Din from the Saudi Capital Market Forum in Riyadh.

  • The Saudi Exchange: Building the Future of Capital Markets Today

    The largest exchange in the Middle East – and the ninth largest in the world – the Saudi Exchange had a Main Market capitalization of SAR 9.87 trillion (USD 2.62 trillion) at the end of 2022, while its Nomu - Parallel Market closed the year with a market capitalization of SAR 35.09 billion (USD 9.34 billion).3 These two markets within Saudi Exchange continue to receive a strong inflow of new listings – adding seven and eight companies, respectively, in Q4 2022 – for a total 269 listed issuers across both markets.4

  • The Strategic Importance of the Middle East and North Africa: The Strengths and Limits of MENA Oil and Gas Wealth and the Challenge of Climate Change

    The analysis begins with an overview of the key factors shaping the region’s changing strategic importance. It then focuses on the oil and gas exports, which are the key factor shaping the region’s strategic importance, its role as a group of major trading partners, its role as a key line of global communication between regions, and its role in global migration.

  • Hong Kong, Saudi Arabia Exchanges to Cooperate on Cross Listings

    The Hong Kong and Saudi stock exchanges signed a pact to cooperate in areas such as cross listings, a day after the city’s Chief Executive Officer John Lee was reportedly said to be working to convince oil giant Aramco to list in the Asian financial hub. The Hong Kong Exchanges & Clearing Ltd. and the Saudi Tadawul Group Holding Co. will also explore cooperation in fintech, ESG and other areas, the Asian exchange said in a statement.

  • Saudi Arabia changes expat marriage laws

    Saudi Arabia Arabia’s Ministry of Justice says visitors to the Kingdom can get married on a transit visa, reports the Saudi Gazette. An expat resident can get married in a court in Saudi Arabia, and have the contract attested even if the wife is in the Kingdom on a transit of visit visa, the Ministry said. A stipulation is that the father of both husband and wife are residents of the Kingdom.

  • OPEC+ committee recommends no change in oil output policy at virtual meeting

    A technical committee of the influential OPEC+ oil producers’ coalition has made no recommendation to change the group’s existing production policy in its latest meeting, according to three delegates. The OPEC+ Joint Ministerial Monitoring Committee, which tracks the alliance’s compliance with its output quota, convened digitally on Wednesday. The second OPEC+ technical group, the Joint Technical Committee that studies market fundamentals, canceled a virtual meeting originally scheduled for Jan. 31, according to a delegate.

  • LIV golfers make surprising gear changes at Saudi International

    With the PIF Saudi International taking place at Royal Greens Golf Course in Saudi Arabia this week, we’re getting our very first look at a lot of LIV golfers we haven’t seen play since the fall of 2022. Since then a lot of new equipment has been released, contracts have changed, and in the case of some of the biggest names, so has the gear in their bags.