Today News: Saudi

‏إظهار الرسائل ذات التسميات Saudi. إظهار كافة الرسائل

Gold Rate in Saudi Arabia today on, 29 August 2022

Gold price in Saudi Arabia recorded a decrease of SAR 6,528.31 per ounce on 29 August 2022. These rates are given in 1 tola, 1 gramme, and 10-gramme increments in Saudi Riyal. Every day, the local gold and bullion markets in the Saudi provide live rates. Live international today gold rate in SAR and its converted price of gold Saudi Riyal facilitates to the Saudi gold souk, gold investors, and individuals for fresh updates.

Today’s Gold Rate in Saudi Arabia

Check the updated gold price in Saudi Arabia on, 29 August 2022. The rate of 24 karat/gram decreased to SAR 209.89 from the previous day’s SAR 212.07. The gold rate (22 karat/gram) depreciated to SAR 192.39 from the previous day’s SAR 194.40.

Date	Ounce	24 Carat	22 Carat	21 Carat	18 Carat
August 29	6,528.31	209.89	192.39	183.65	157.41

Gold rates change almost every day worldwide including Saudia. Get the updates about today gold price in Saudi Arabia, and get rates of 18 karat, 20 karat, 21 karat and 22 karat gold. These rates are given in 1 tola, 1 gram and 10 grams formats in SAR currency. Live Rates are provided by the local gold markets and bullion markets of Saudia every day.

Disclaimer: The gold prices have been quoted on the basis of average prices prevailed in the Saudi jewellery market and quoted by Saudi Gold & Jewellery Group. The rates are only meant for information and not for trading. It is advised that people intending to trade the commodity should consult their legal counsel before making any venture. The rates are indicative and the website is not responsible for any loss.

#Gold #Rate #Saudi #Arabia #today #August https://www.globalcourant.com/gold-rate-in-saudi-arabia-today-on-29-august-2022/?feed_id=17169&_unique_id=630c08e0015bb

Ukraine's Usyk retains boxing titles after beating Joshua in Saudi rematch

Fast News

Oleksandr Usyk beats Britain's Anthony Joshua on a surprise split points decision after 12 hard rounds to retain his WBA, WBO, IBF and IBO world heavyweight boxing belts in Jeddah.

The fight was watched on free-to-air TV by millions of Ukrainians living under the Russian offensive. (AFP)

Ukraine's Oleksandr Usyk has won his rematch against Anthony Joshua by split decision to retain his world heavyweight boxing titles in just his fourth fight in the division in Saudi Arabia. Usyk, 35, who dismantled the defending champion in London last year, faced an improved Joshua on Sunday but outboxed him once again to set up a potential unification bout with Britain's Tyson Fury. "I want to thank God for the help that he gave me today," Usyk told the crowd at the 12,000-seat King Abdullah Sports City Arena in Jeddah. "I give this victory to my country, to my family, to my team and to all the military who are defending the country," he added. The fight was watched on free-to-air TV by millions of Ukrainians living under the Russian offensive. Usyk signed up to fight for his country before accepting the rematch. An angered Joshua peppered his post-match speech with expletives despite the presence of Crown Prince Mohammed bin Salman. The judges scored it 113-115, 115-113 and 116-112 for Usyk as Joshua narrowed the gap but was still found wanting. Joshua, the 6ft 6ins two-time world champion is left staring at an impasse in his career after his third defeat in his 12th straight title fight left him with figures of 24-3-0.
Joshua, accused of hesitancy in their first fight in London, was the early aggressor by round two as he repeatedly landed his big right hand. Source: AFP

Source https://www.globalcourant.com/ukraines-usyk-retains-boxing-titles-after-beating-joshua-in-saudi-rematch/?feed_id=13639&_unique_id=63018461c7b9e

Saudi Aramco ready to boost crude output, oil prices drop

Aramco can boost its crude oil output to its maximum capacity of 12 million barrels per day if the Saudi government requests.

Oil prices rebounded more than 3 percent last week after a damaged oil pipeline component disrupted output at several offshore Gulf of Mexico platforms. (AP)

Oil prices dropped on Monday for a second session after the head of the world's top exporter, Saudi Aramco, said it is ready to ramp up output while production at several offshore US Gulf of Mexico platforms is resuming after a brief outage last week.

Brent crude futures fell 27 cents, or 0.3 percent, to $97.88 a barrel by 0034 GMT after settling 1.5 percent lower on Friday.

US West Texas Intermediate crude was at $91.87 a barrel, down 22 cents, or 0.2 percent, following a 2.4 percent drop in the previous session.

Saudi Aramco stands ready to raise crude oil output to its maximum capacity of 12 million barrels per day (bpd) if requested to do so by the Saudi Arabian government, Chief Executive Amin Nasser told reporters on Sunday.

"We are confident of our ability to ramp up to 12 million bpd any time there is a need or a call from the government or from the ministry of energy to increase our production," Nasser said.

He added that China's easing of Covid-19 restrictions and a pickup in the aviation industry could add to demand.

[embed]https://www.youtube.com/watch?v=3mMNpLEiISc[/embed]

Tight supplies

Investors are looking ahead to China's economic data later on Monday for demand cues at the world's top crude oil importer.

Oil prices rebounded more than 3 percent last week after a damaged oil pipeline component disrupted output at several offshore Gulf of Mexico platforms.

Producers had moved to reactivate some of the halted production after repairs were completed late Friday, a Louisiana official said.

Energy services firm Baker Hughes Co reported on Friday that the US oil rig count rose by 3 to 601 last week.

The rig count, an early indicator of future output, has been slow to grow with oil production only seen recovering from pandemic-related cuts next year.

Global oil markets remained supported by tight supplies in the run-up to EU sanctions on Russian crude oil and refined product supplies this winter.

Source: Reuters

Source https://www.globalcourant.com/saudi-aramco-ready-to-boost-crude-output-oil-prices-drop/?feed_id=10986&_unique_id=62f9afa112403

Saudi Arabia touts vertical living in Neom's zero-carbon city

Project will vertically layer homes, offices, public parks and schools within a mirrored facade and is expected to be publicly listed in 2024, says Crown Prince Mohammed bin Salman, according to state media.

"We aim to make Saudi one of the largest three stock markets on the planet," says Crown Prince Mohammed bin Salman. (Reuters Archive)

The zero-carbon city that Saudi Arabia plans to build at Neom will vertically layer homes, offices, public parks and schools within a mirrored facade stretching over 170 kilometres, the crown prince has said in remarks carried by state media.

Crown Prince Mohammed bin Salman first unveiled plans for "The Line" in January 2021, the first major construction project for the $500 billion Neom business zone aimed at diversifying the economy of the world's top oil exporter.

The city, 200 metres wide and running on "100 percent renewable energy," will also include a high-speed rail with an end-to-end transit of 20 minutes. It will eventually accommodate nine million residents, state news agency SPA cited him as saying on Monday.

"The city's vertically layered communities will challenge the traditional flat, horizontal cities," the prince said. "The designs of The Line embody how urban communities will be in the future in an environment free from roads, cars and emissions."

The kingdom's sovereign wealth fund, the Public Investment Fund, is the cornerstone investor in Neom, a 26,500-square-kilometre high-tech development on the Red Sea with several zones, including industrial and logistics areas, planned for completion in 2025.

Business zone will likely be listed in 2024

The prince said the Neom business zone will likely be publicly listed in 2024, state media reported.

"Neom will add a trillion riyals ($266 billion) to the Saudi stock market value. At least 1.2 trillion at the beginning and the overall will increase after project completion to exceed 5 trillion", said the crown prince.

He added in remarks to reporters that all ventures in which the sovereign wealth fund is an investor will be listed on the stock market.

Prince Mohammed said the government will raise $133 billion of capital in 2027 and tap the market for an additional $53-79 billion riyals for Neom.

"We aim to make Saudi one of the largest three stock markets on the planet," the crown prince said.