Tag: Saudi Arabia
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Navigating the Waters of De-Dollarization
China’s Digital Yuan and the Shifting BRICS Dynamics In a landmark move, China has successfully completed its first cross-border oil transaction using the digital yuan, marking a significant milestone in the ongoing global trend of de-dollarization. This development has been further accentuated by the recent inclusion of Saudi Arabia and the United Arab Emirates (UAE)…
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Bahrain Sponsors X-raid Rally Team to Join Dakar Rally in Saudi Arabia
MANAMA, Bahrain, Jan. 2, 2020 /PRNewswire/ — Bahrain announced its participation in the Dakar Rally, to be held in Saudi Arabia from January 5 to 17. The first rally in the Middle East will see the victorious X-raid team racing for Bahrain in their first self-developed and constructed Mini John Cooper Works and Mini John Cooper Works Buggy; the Bahrain team will include champion drivers Stephane Peterhansel and Carlos Sainz and co-drivers Lucas Cruz and Paulo Fiúza.…
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S&P Global Platts: FACTBOX finds crude supply under threat after Saudi Arabia attack
Analysis finds higher Saudi Arabia oil prices would add to the headwinds facing the global economy which could tip it into recession which would itself limit any prolonged period of excessively high oil prices as demand rebalances the market. NEW YORK, Sept. 15, 2019 /PRNewswire/ — S&P Global Platts, part of S&P Global (NYSE: SPGI), released today an…