Japan asks UAE to ramp up oil exports

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Updated 20 March 2022
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Japan asks UAE to ramp up oil exports

RIYADH: Japan has asked the UAE to ramp up oil exports, as major importers pressure OPEC as crude costs surge, according to Bloomberg.

Major importers are relying on OPEC to bring down prices as they hit over $100 per barrel

“I would like the UAE to contribute to the stabilization of the global crude oil market, by further supplying crude oil and securing production capacity,” Bloomberg reported, citing Japanese foreign minister Yoshimasa Hayashi.

OPEC has repelled calls from the US and Europe to scale output, claiming that the rise in demand is attributed to geopolitical tensions, rather than a mismatch between demand and supply.

This comes as OPEC members such as the UAE and Saudi Arabia are committed to alliances with other producers, or OPEC+, including Russia.

OPEC+ is experiencing increases of as much as 400,000 barrels a day on a monthly basis, signaling a lingering surge in costs.


Stc partners with Qiddiya as Six Flags official connectivity provider

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Stc partners with Qiddiya as Six Flags official connectivity provider

RIYADH: Saudi stc Group has announced its partnership with Qiddiya as the official connectivity partner for the Six Flags theme park, providing telecom services, smart city solutions, and an integrated digital infrastructure in line with global standards, coinciding with the park’s official opening.

Under the partnership, stc will deliver an advanced digital ecosystem to enhance visitors’ experiences at Qiddiya, offering high-performance connectivity and smart technologies to facilitate entry and manage visitor flow within the park, ensuring a seamless and safe experience.

The collaboration reflects stc’s commitment to providing advanced digital infrastructure that supports Qiddiya’s ambitions and elevates the visitor experience.

By leveraging smart connectivity, smart city technologies, and innovative payment solutions, stc aims to deliver an integrated and streamlined experience across the destination.

The initiative also highlights stc’s role in supporting the tourism and entertainment sectors with world-class digital infrastructure that aligns with Saudi Arabia’s vision and future goals.