Saudi Arabia

Saudis reduce oil pricing in sign demand recovery is struggling

State oil producer Saudi Aramco is cutting its benchmark Arab Light crude more than expected and lowering the grade to a discount for the first time since June for buyers in Asia The company was expected to pare pricing by $1 a barrel, to a 10-cent discount, according to a Bloomberg survey of eight traders and refiners. Saudi Arabia cut pricing ...

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Saudi operators announce tower deal

According to TeleGeography’s CommsUpdate and local news reports, two of Saudi Arabia’s leading mobile operators are hoping to establish a joint tower company. Mobile Telecommunication Company Saudi Arabia (Zain KSA) has signed a non-binding Memorandum of Understanding (MoU) with Etihad Etisalat Company (Mobily) to form a joint committee. According to filings by the two companies, the committee will be tasked ...

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