Global KSA Edition

economy

Invest in poor rural areas to curb exclusion, quash extremism- UNDP

UNDP, a U.N. agency with about $5billion in donor contributions a year, was seeking to boost investments in remote rural areas

united states

U.S. intelligence officials to brief lawmakers on Russia probe

Two Republican lawmakers, and no Democrats, were expected to attend the first meeting

global

Dutch PM cuts short India trip for cabinet meeting on downed MH17 airliner - ANP

The missile used to shoot down the plane on July 17, 2014 came from a Russian military unit

oil and gas

Russia's Novak to meet Russian oil firms to discuss oil output deal

Novak said the meeting could take place either next week or the week after.

oil and gas

Saudi Arabia, Russia have common position on oil deal- Novak

Novak also said he believed average oil prices would stand at over $60 per barrel in 2018.

oil and gas

Norwegian DNO reports Kurdish payment on crude oil deliveries

UAE-linked DNO reported receipt of $47.23mln from the Kurdistan Regional Government as payment for February 2018 crude oil deliveries.

currencies

Time for NRIs in GCC to remit: Indian rupee in free fall

Rupee depreciation has resulted in a substantial increase in remittances to India.

investment

Saudi Arabia eyes attracting Russian investments – minister

A slew of major Russian companies, specialised in energy, space, military industry, science, and culture, are interested to invest in Saudi Arabia

financial services

Pakistan hires UAE banks to raise $200mln loan

The loan, with a one-year maturity, is being arranged by Commercial Bank of Dubai, Emirates NBD, and Noor Bank, said the sources.

oil and gas

Iraq, Zhenhua Oil sign East Baghdad oilfield contract -ministry

The project was of economic importance to Baghdad as this is the first oil project in the capital, the statement said