Declining oil prices and production cuts have reduced Saudi revenue, but Vision 2030 initiatives, such as large infrastructure projects, aim to boost non-oil sectors like tourism and manufacturing.
The Schusterman Family Philanthropies, built on oil wealth, has granted $300,000 to Adamah, marking their first venture into environmental giving while furthering their commitment to Jewish causes.
The US agency is scrutinizing whether JPMorgan complied with all rules and regulations when it took on UAE-based hedge fund Ocean Leonid Investments as a client.
Saxo strategist says short-term bear market is nothing to be worried about for gold
Could the split in prices be showing signs of a weakening economy?
Perceived as hawkish in his first term, US President-elect Donald Trump's policy on Iran will be further affected by the Islamic Regime's recent assassination attempt on him.
Tougher Iran oil sanctions under Trump could cut exports; China’s cooperation remains a complex factor.
Geopolitical risks under Trump could disrupt global oil supplies
Prices have now reportedly risen by more than $2 a barrel (approximately NIS 7.50).
The strikes did not impact energy infrastructure, leading to a decrease in geopolitical tensions affecting the oil market.
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