Read the latest news from regional and global sources, presenting different voices and perspectives.
Oman and Saudi Arabia launch second phase of industrial integration
Oman Observer
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July 5, 2025
RIYADH: The second phase of industrial integration initiatives between Oman and Saudi Arabia (KSA) was launched in Al Riyadh as part of the work of the Economy, Trade, and Industry Committee of the Omani-Saudi Coordination Council, on Saturday....
OPEC+ to raise oil output by 548,000 bpd in August as group accelerates production rebound amid market pressure
Profit by Pakistan Today
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July 5, 2025
OPEC+ agreed on Saturday to raise production by 548,000 barrels per day in August, further accelerating output increases at its first meeting since oil prices jumped — and then retreated — following Israeli and U.S. attacks on Iran. The group,...
Saudi FM in Moscow urges permanent ceasefire in Gaza
Madhyamam
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July 5, 2025
Saudi Foreign Minister Prince Faisal bin Farhan said on Friday that reaching a permanent ceasefire in Gaza is the top priority, during a joint press conference with Russian Foreign Minister Sergey Lavrov in Moscow. Prince Faisal is on an official...
OPEC+ to expand oil output in August
NHK
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The world's major oil producing group OPEC Plus says it will further increase crude oil production in August. Eight OPEC Plus members, including Saudi Arabia and Russia, agreed during an online meeting on Saturday to raise output by 548,000...
OPEC+ to boost oil production by 548,000 barrels per day in August
Associated Press
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July 5, 2025
NEW YORK (AP) — Eight members of the OPEC+ alliance of oil exporting countries say they will boost production by 548,000 barrels per day in August in a move that could further reduce gas prices this year. The group that includes Saudi Arabia and...
Opec+ decision to raise production a ‘calculated risk’
Oman Observer
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July 5, 2025
MUSCAT, JULY 5 A leading Omani energy expert has described Opec+’s decision to raise oil production by 548,000 barrels per day (bpd) starting August as a “calculated risk” based on encouraging market signals. The move, announced on Saturday, July...
OPEC+ to boost crude oil production in August
United Press International (UPI)
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A gas flame is seen in the desert at Khurais oil field, about 100 miles from Riyadh, Saudi Arabia. File photo by Ali Haider/EPA July 5 (UPI) -- Eight OPEC+ nations on Saturday agreed to increase their crude oil production by 548,000 barrels per...
OPEC+ may accelerate oil output in Aug
The Manila Times
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July 5, 2025
LONDON — The Organization of the Petroleum Exporting Countries (OPEC+) may make an increase in oil output for August at its meeting on Saturday that is larger than the 411,000 barrels per day (bpd) hikes it made for May, June and July, three...
GOP mega-bill axes billions of dollars in clean-energy subsidies. It could help China. Republicans in Congress produced a surprise winner this week when they axed hundreds of billions of dollars in federal clean-energy subsidies. Read More »
Yahoo News
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Republicans in Congress produced a surprise winner this week when they axed hundreds of billions of dollars in federal clean-energy subsidies: China’s artificial intelligence industry. China is pouring money into energy production to support its...
OPEC+ further accelerates oil output hike by 548,000 bpd in August
Saudi Gazette
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July 5, 2025
Saudi Gazette report RIYADH — Eight oil-producing nations of the OPEC+ alliance agreed on Saturday to increase their collective oil production by 548,000 barrels per day in August. The decision to further accelerate oil output hike was taken...
Saudi Arabia and UAE Non-Oil Private Sectors Thrive Despite The Volatile Middle East Geopolitics
Times of Dubai
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July 5, 2025
July 5, 2025 | Dubai, UAE – UAE non-oil private sector continues to perform and display growth, although that growth has remained steady but modest, mainly impacted by the unprecedented Middle East geopolitics in 2025. The 12-day Iran-Israel war...
Mugging of 5 lakh Saudi Riyals: Five placed on remand, 1 sent to jail
The Business Standard
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July 5, 2025
A Dhaka court has placed five individuals on different terms of remand over their suspected link to mugging foreign currencies, including 5 lakh Saudi Riyals, in the capital's Tejgaon Industrial area. One suspect has been sent to jail. Dhaka...
Iraq’s oil exports to India drop 4% in early 2025
Shafaq News
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2025-07-05T15:44:22+00:00 font Enable Reading Mode A- A A+ Shafaq News - Baghdad/New Delhi Iraq’s crude oil shipments to India averaged 860,000 barrels per day (bpd) in the first half of 2025, down 4% from 900,000 bpd during the same period last...
Oman and Saudi Arabia launch Phase II of industrial integration
Times of Oman
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Riyadh: The second stage of the industrial integration initiatives between the Sultanate of Oman and the Kingdom of Saudi Arabia kicked off on Saturday within the activities of the Economy, Trade and Industry Committee of the Oman-Saudi...
OPEC+ speeds up oil output hikes in August
Nikkei Asia
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LONDON (Reuters) -- OPEC+ agreed on Saturday to raise production by 548,000 barrels per day in August, further accelerating output increases at its first meeting since oil prices jumped - and then retreated - following Israeli and U.S. attacks on...
Saudi Arabia, OPEC+ members move toward output hike at meeting
The New Arab
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July 5, 2025
Saudi Arabia, Russia and six other key members of the OPEC+ alliance will discuss crude oil production on Saturday, with analysts expecting the latest in a series of output hikes for August. The wider OPEC+ group - comprising the 12-nation...
Why GTA 5’s Saudi Arabia release signals a bigger worldwide launch for GTA 6
Sportskeeda
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July 5, 2025
While most in the Grand Theft Auto fanbase are awaiting GTA 6, those in Saudi Arabia are looking forward to the release of GTA 5, which came out originally in 2013 but has been banned in the country since 2018. Nevertheless, it has proven to be a...
Oil Prices Lower on a Report US-Iran Nuclear Talks Will Restart
Yahoo Finance
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Oil tanker in open sea by StockStudio via Shutterstock August WTI crude oil (CLQ25) on Thursday closed down -0.45 (-0.67%), and August RBOB gasoline (RBQ25) closed down -0.0043 (-0.20%). Oil prices on Thursday fell after Axios reported that the US...
The Video Game Industry in Saudi Arabia: Between Entertainment and Political Influence
Muwatin
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July 5, 2025
Under the Federation’s umbrella, numerous competitions and tournaments have been launched, including the Saudi Esports League, the School League, the Saudi University League, the Saudi Fighting Games League, and others. Approximately 30 companies...
Business InsightsBrics leaders meet under pressure from tariffs, oil shocks and climate rifts
The National News
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When the leaders of the Brics group of developing countries gather on Sunday for their 17th annual summit, the backdrop is one of the most geopolitically volatile the bloc has faced in years, with trade tension, regional conflicts and energy...