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To enhance the technical partnership.. Al-Sawah meets with the Mayor of Beijing and Chinese…
His Excellency the Minister of Communications and Information Technology, Engineer Abdullah bin Amer Al-Sawaha, met today with the Mayor of Beijing, His Excellency Dr. Yen Yong, to strengthen and develop the partnership between the two…
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Saudia launches direct flights to Birmingham, spurs Kingdom’s air connectivity
Travelers between Jeddah and Birmingham have a reason to cheer thanks to Saudia launching a direct flight between the two cities.
The national flag carrier inaugurated its first direct flight to the UK city under the Saudi Air…
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Saudi Arabia and UAE commit $6bn to support investments in Iraq
Saudi Arabia and the UAE have committed to allocate $6 billion for expanding international trade and investment in Iraq, reported Iraqi News Agency.
On Sunday, the Federation of Iraqi Chambers of Commerce announced that it also agreed to…
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Travel spending in Qatar hits $3.59bn in Q1
Travel spending in Qatar surged 28 percent year-on-year to 13.1 billion Qatari riyals ($3.59 billion) in the first quarter of 2023, driven by a boom in social, cultural and other activities.
According to the balance of payments data…
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PIF ranks top in Mideast, 7th worldwide for scoring high in GSR
Saudi Arabia’s Public Investment Fund ranked first in the Middle East region and seventh worldwide among 100 global state-owned funds for scoring high in governance, sustainability and resilience practices, according to the evaluation of…
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Bearish oil bets slide after Saudis tell speculators
Saudi Arabia’s top energy official told short sellers to “watch out” last week. Traders of global benchmark Brent oil were listening.
Money managers boosted their net-long holdings in Brent by more than 30,000 contracts last week, the…
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Top shipper of Russian oil gets Indian cover as Western certifiers exit
An Indian agency has stepped in to provide safety certification for most of Gatik Ship Management’s fleet, a major carrier of Russian oil to India, after Lloyd’s Register and the American Bureau of Shipping (ABS) withdrew classification for…
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OPEC and allies mull 1 million bpd oil cut amid falling prices and supply concerns
OPEC and its allies are discussing deepening oil production cuts, possibly by as much as 1 million barrels per day, three sources told Reuters on Friday as oil prices fell towards $70 per barrel and market analysts spoke of a new supply…
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Saudi Real Estate Refinance Co injects $933 million into housing market
The Kingdom’s housing market will get a fresh stream of liquidity, with Saudi Real Estate Refinance Co. announcing SR3.5 billion ($933 million) in sukuk issuance's.
The latest issuance of the SRC, owned by the Public Investment Fund,…
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Information and communication technology sector in Saudi Arabia amounts to SR154 billion
Mohammed Altamimi, governor of the Saudi Communications, Space and Technology Commission (CST), said that Saudi Arabia is one of the largest communications and information technology markets in the region. “The size of the information and…
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