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Russia seeks trade show opportunities in Riyadh

RIYADH: Saudi Arabia and Russia’s bilateral economic ties are set to get a new boost as the Kingdom is hosting the Made in Russia +Innoprom business mission in Riyadh on May 29 and 30.  In an interview with Arab News, Anton Atrashkin, program director of the Innoprom International Trade Show, said that more than 100 Russian companies would be a part of the event to be held in Riyadh.  The delegation will be led by Russia’s Deputy Minister of Industry and Trade Alexei Gruzdev. 

Crude Oil Falls Amid Conflicting OPEC+ and Russia Messages and Stronger Dollar

RIYADH: Oil prices softened in early trade on Friday, weighed down by conflicting messages from Russia and Saudi Arabia ahead of the next policy meeting of the Organization of the Petroleum Exporting Countries and its allies, known as OPEC+,  and a stronger dollar, according to Reuters. Brent crude fell 30 cents to $75.96 a barrel at 3:15 a.m. GMT, while US West Texas Intermediate was down by 14 cents at $71.69 a barrel.

“Russian Ruble Gains Slightly Amid New Western Sanctions”

LONDON: The Russian ruble firmed on Friday, pushing back past the level of 80 to the US dollar, helped by higher oil prices but still hampered by reduced foreign currency supply and the latest Western sanctions, according to Reuters. By 11:03 a.m. Saudi time, the ruble was 0.4 percent stronger against the dollar at 79.93, and had gained 0.4 percent to trade at 86.22 versus the euro. It had firmed 0.3 percent against the yuan to 11.37.

Russia-Ukraine Conflict: Key Events on Day 429

As the war enters its 429th day, we take a look at the main developments.

Ukraine President Zelensky’s First War Phone Call with China’s President Xi

Ukraine's president says his first call with China's leader since Russia's invasion was "meaningful".

Russia-Ukraine War: Key Events on Day 427

As the war enters its 427th day, we take a look at the main developments.

Europe’s Shift to Renewable Energy: Can it Replace Russian Gas?

Leaders from northern European states pledge huge investment in green energy.

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