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☆ Most Gulf markets turn south as Credit Suisse woes roil markets
  + stars: | 2023-03-15 | by ( Ateeq Shariff | ) www.reuters.com   time to read: +2 min
[1/2] Saudi woman walks at the Saudi stock market (Tadawul), in Riyadh, Saudi Arabia March 9, 2020. The lender lost almost $25 billion in market value since Oct. 27 after committing to invest in the embattled Credit Suisse. Oil — a key catalyst for the Gulf's financial markets —extended losses, with Brent crude hitting a three-month low as unease over Credit Suisse spooked world markets, offsetting hopes of a Chinese oil demand recovery. "At the same time, traders will remain attentive to the developments in global markets and central bank decisions this week and the next." Outside the Gulf, Egypt's blue-chip index (.EGX30) plunged 4.2%, with investment bank EFG Hermes (HRHO.CA) diving more than 12%.
☆ Saudi sculptor steps into limelight as religious curbs ease
  + stars: | 2023-03-13 | by ( Mohammed Benmansour | ) www.reuters.com   time to read: +3 min
[1/3] Awatif Al-Keneibit, a Saudi artist, shows her art in her studio, an art-form previously frowned upon in the country but now gaining more acceptance, in Riyadh, Saudi Arabia, March 9, 2023. Her exposition includes ceramic faces, some with hollow eyes, others wearing eye glasses, and figurines of Saudi Arabian women, displayed on red bricks and coloured to reflect traditional desert dresses. "Who could have imagined that one day, this exhibition, which was in a basement, could be displayed in Olaya (downtown Riyadh)?" said Keneibit, 60, who is blazing a trail for women in the arts in Saudi Arabia's conservative male-dominated society. U.S.-educated Keneibit said she resorted to creating a private gallery at the bottom of her house for friends and guests after a public exhibition was banned in 2009.
☆ Messi, Ronaldo start in Riyadh friendly
  + stars: | 2023-01-19 | by ( ) www.reuters.com   time to read: +1 min
[1/2] Soccer Football - Friendly - Saudi Pro League XI v Paris St Germain - King Fahd International Stadium, Riyadh, Saudia Arabia - January 19, 2023 Fans hold up shirts with Al Nassr's Cristiano Ronaldo's and Paris St Germain's Lionel Messi's name on inside the stadium before the match REUTERS/Ahmed YosriRIYADH, Jan 19 (Reuters) - Cristiano Ronaldo and Lionel Messi will face off once again after the long-time rivals were named in the starting line-ups for the Riyadh Season Team and Paris St Germain respectively on Thursday, ahead of an exhibition match at the King Fahd Stadium. Al Nassr's Ronaldo will captain the Riyadh Season Team - a combined Saudi Pro League XI featuring players from Al Nassr and Al Hilal in Riyadh. The PSG starting line-up also includes France's Kylian Mbappe and Brazil's Neymar, as well as Ronaldo's former Real Madrid team mates Sergio Ramos and Keylor Navas. Reporting by Aadi Nair in Nashik, India Editing by Christian RadnedgeOur Standards: The Thomson Reuters Trust Principles.
☆ Ronaldo to make Saudi debut in friendly against PSG
  + stars: | 2023-01-16 | by ( ) www.reuters.com   time to read: +1 min
[1/2] Soccer Football - Al Nassr unveil new signing Cristiano Ronaldo - Mrsool Park, Riyadh, Saudi Arabia - January 3, 2023 New Al Nassr signing Cristiano Ronaldo during training REUTERS/Ahmed YosriJan 16 (Reuters) - Cristiano Ronaldo is set to play in Saudi Arabia for the first time since joining Al Nassr after he was named as captain of Riyadh ST XI for an exhibition match against Lionel Messi's Paris St Germain, officials announced on Monday. The 37-year-old Portuguese will lead the team made up of players from Saudi sides Al Hilal and Al Nassr against Messi's PSG in what will be the latest chapter of the celebrated global soccer rivalry. The highly anticipated showdown, which reportedly had more than 2 million online ticket requests, will take place in Riyadh on Thursday. Ronaldo missed the first two domestic games for Al Nassr after being suspended by England's Football Association for knocking a phone out of a fan's hand in April. Ronaldo is set to make his first competitive appearance in the Saudi Pro League on Sunday when Al Nassr host Al Ettifaq.
☆ Saudi energy minister sees no clear results yet from Russia price cap
  + stars: | 2022-12-11 | by ( Aziz El Yaakoubi | ) www.reuters.com   time to read: +3 min
[1/2] Saudi Arabia's Minister of Energy Prince Abdulaziz bin Salman Al-Saud speaks at the Future Investment Initiative conference, in Riyadh, Saudi Arabia, October 25, 2022. "These tools were created for political purposes and it is not clear yet whether they can achieve these political purposes," he said, referring to the price cap. The OPEC+ alliance decision to cut production by 2 million barrels per day on Oct. 5 was proven to be the correct one when recent developments are taken into consideration, he said. Prince Abdulaziz said the alliance would continue to focus on market stability in the year ahead. He also said he insisted that every OPEC+ alliance member take part in decision-making.
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