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
New York’s main contract, light sweet crude for delivery in January rose 20 cents to $86.92 a barrel in the afternoon and Brent North Sea crude for February delivery advanced four cents to $108.22.
“Oil prices rose... on expectations for improved demand in China after data showed the manufacturing sector in the world number two oil consumer expanded in December at its fastest pace in more than a year,” Phillip Futures said in a report.
Banking giant HSBC in its preliminary purchasing managers’ index (PMI) released Friday recorded China’s manufacturing activity at 50.9 in December, the highest the index has reached in 14 months.
It was the second straight month that China’s manufacturing has hurdled the 50-point mark indicating an expansion after 12 consecutive months of contraction.
China’s economic growth hit a more than three-year low of 7.4 percent in the three months to September, but HSBC’s PMI, together with a series of data released recently, has fuelled optimism of a Chinese economic rebound.
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
mena9 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
world9 hours ago
They view it as a pivotal move toward fostering inclusivity and diversity in corporate structures
uae9 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