MbS made the remarks at an annual speech to the advisory Shura Council, which he gave on behalf of his father, King Salman
mena9 hours ago
Fujairah, on the east coast of Opec member UAE, has grown in importance as an oil trading hub with the opening of a pipeline last year that allows the UAE to export most of its crude without having to sail tankers through Hormuz. Securing strategic oil storage space at Fujairah has been a top priority for oil producers and trading houses, although the pace of new capacity coming online has lost pace over the past year.
Fujairah also faces rising competition from the port of Sohar, down the coast in small non-Opec producer Oman, which is also expanding its facilities by upgrading a refinery. Several oil traders have already secured oil storage space in Sohar.
MbS made the remarks at an annual speech to the advisory Shura Council, which he gave on behalf of his father, King Salman
mena9 hours ago
His visit to Cairo aimed to salvage stalled negotiations mediated by Egypt, Qatar and the United States to end the conflict
world9 hours ago
The group accused Israel, which has so far refused to comment, as US denies involvement
mena10 hours ago
Hundreds of pagers belonging to the armed group exploded in Lebanon on Tuesday, killed 12 people, including two children, and wounded up to 2,800 others
world10 hours ago
They view it as a pivotal move toward fostering inclusivity and diversity in corporate structures
uae10 hours ago
Israel has not yet commented on the explosions
europe10 hours ago
The meeting saw engaging discussions on Sinomach’s strategic initiatives and ongoing projects in the region
economy10 hours ago