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On 8 March 2020, Saudi Arabia initiated a price war on oil with Russia, which facilitated a 65% quarterly fall in the price of oil. [1] The price war was triggered by a break-up in dialogue between the Organization of the Petroleum Exporting Countries (OPEC) and Russia over proposed oil-production cuts in the midst of the COVID-19 pandemic. [1]
This list is based on the Forbes Global 2000, which ranks the world's 2,000 largest publicly traded companies.The Forbes list takes into account a multitude of factors, including the revenue, net profit, total assets and market value of each company; each factor is given a weighted rank in terms of importance when considering the overall ranking.
Foreign relations of Saudi Arabia are the diplomatic and trade relations between Saudi Arabia and other countries around the world. The foreign policy of Saudi Arabia is focused on co-operation with the oil-exporting Gulf States , the unity of the Arab World , Islamic solidarity , and support for the United Nations . [ 1 ]
This limitation was addressed in 2001 with the release of PDF Reference 1.5 and Tagged PDF, [29] but third-party support for this feature was limited until the release of PDF/UA in 2012. Many products support creating and reading PDF files, such as Adobe Acrobat, PDFCreator and LibreOffice, and several programming libraries such as iText and FOP.
Saudi Arabia produces over 1.6 million m 3 (10 million bbl) per day of oil, [1] exporting 1.4 million m 3 (8.9 million bbl) per day. The government is investing over $71 Billion to increase oil production to near 1.9 million m 3 (12 million bbl) per day by 2009 and up to 2.0 million m 3 (12.5 million bbl) per day by 2015. [ 2 ]
Transport in Saudi Arabia is facilitated through a relatively young system of roads, railways and seaways.Most of the network started construction after the discovery of oil in the Eastern Province in 1952, with the notable exception of Highway 40, which was built to connect the capital Riyadh to the economically productive Eastern Province, and later to the Islamic holy city of Mecca and the ...
King of Saudi Arabia r. 1932–1953: Saud 1902–1969 King of Saudi Arabia r. 1953–1964: Faisal 1906–1975 King of Saudi Arabia r. 1964–1975: Khalid 1913–1982 King of Saudi Arabia r. 1975–1982: Fahd 1920, 1921, or 1923–2005 King of Saudi Arabia r. 1982–2005: Abdullah 1924–2015 King of Saudi Arabia r. 2005–2015: Salman b. 1935 ...
The Saudi Arabian Interbank Offered Rate (SAIBOR) is a daily reference rate, published by the Saudi Central Bank (SCB or SAMA), based on the averaged interest rates at which Saudi banks offer to lend unsecured funds to other banks in the Saudi Riyal wholesale money market (or interbank market).