Browsing Category
Business
Bahrain signs off on its largest solar project in boost to renewable energy goals
Bahrain is gearing up for a significant leap in its renewable energy efforts with the signing of its largest solar power project, the state news agency reported.
Situated in the southern city of Sakhir, the project is set to generate 72…
Read More...
Read More...
Oman LNG partners with German firm to expand global footprint
In a move to strengthen its global presence, Oman LNG has struck a partnership agreement with the German company Secure Energy for Europe to supply 0.4 million tons of liquefied natural gas per annum.
The four-year contract, which will…
Read More...
Read More...
Emirates adds new London flights to meet busy winter season demand
Emirates airline has announced plans to introduce an additional five weekly flights from Dubai to London starting in October.
The extra flight to London Heathrow, which is set to operate on Tuesdays, Wednesdays, Thursdays, Fridays, and…
Read More...
Read More...
Saudi Exports organizes trade mission to Iraq to boost commerce
In a bid to boost economic cooperation and develop non-oil exports to Iraq, the Saudi Export Development Authority organized a trade mission to the city of Erbil. The authority, under the identity of “Made in Saudi Arabia,” promoted non-oil…
Read More...
Read More...
Experts gather in Riyadh to discuss Islamic finance
Representatives from the Islamic financial services industry are expected to deliberate on competency development and risk management practices at the 42nd council meeting of its apex body held in Riyadh on Monday and Tuesday.
The event,…
Read More...
Read More...
Russian central bank plans to intervene as ruble hits its lowest level since early in the war
The Russian ruble on Monday reached its lowest value since the early weeks of the war in Ukraine as Moscow increases military spending and Western sanctions weigh on its energy exports.
It led Russia’s central bank to announce an…
Read More...
Read More...
Saudi Ports Authority adds 20 new shipping services in H1
In a bid to boost supply chains and consolidate its position as a global logistics center, Saudi Ports Authority added 20 new shipping services in the first half of 2023.
Also referred to as Mawani, the authority added these new shipping…
Read More...
Read More...
Oman posts budget surplus of $1.7bn in H1 of 2023
Oman’s general budget recorded a surplus of 656 Omani million rials ($1.7 billion) at the end of the first half of 2023, compared to a surplus of 784 million rials achieved over the same period in 2022.
According to the Fiscal…
Read More...
Read More...
OPEC forecasts robust oil demand in 2024
The Organization of the Petroleum Exporting Countries on Thursday said it saw prospects for a healthy oil market in the second half of the year and stuck to its forecast for robust oil demand in 2024 as the outlook for world economic growth…
Read More...
Read More...
Riyadh Air signs first sports sponsorship deal with Atlético de Madrid
a bid to affirm its presence in the minds of football fans across the world, Saudi Arabia’s newly launched airline Riyadh Air has signed a multi-year sponsorship deal with Spanish club Atlético de Madrid.
As a part of the agreement,…
Read More...
Read More...