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Indonesia looking for greater commerce with Saudi Arabia
Indonesia is looking for greater commerce with big businesses in Saudi Arabia, its trade minister said on Tuesday, as Jakarta hosted a bilateral business forum.
Trade between the Southeast Asian nation and the Kingdom has been on the…
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Private sector economic cooperation discussed between Saudi Arabia and France
The Federation of Saudi Chambers hosted a meeting between Saudi business owners and a delegation of 100 French companies, Saudi Press Agency reported on Sunday.
The two sides were headed by former French Prime Minister Jean-Pierre…
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Saudi Fund signs $16 million loan agreements in Saint Vincent and the Grenadines
Saudi Fund for Development (SFD) has signed two loan agreements worth $16 million with Saint Vincent and the Grenadines to construct a primary care center in the South Rivers area and a cultural center of arts in Belle Vue.
The…
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Underinvestment in oil and gas sector cause market volatility
Underinvestment in the oil and gas industry could lead to increased oil market volatility, Opec secretary general Haitham Al Ghais said on Monday as he urged the industry to ensure that the energy transition is inclusive.
“Investment is…
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Bloomberg Philanthropies and Irena in Cop28 partnership for global energy transition push
Bloomberg Philanthropies and International Renewable Energy Agency (Irena) on Monday said they were collaborating to bolster use of clean energy and capital mobilisation in emerging markets and developing economies (EMDEs), ahead of the…
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Iraq’s strategic wheat reserves sufficient for six months
Iraq’s strategic wheat reserves are sufficient for six months, its state news agency quoted Minister of Commerce Atheer Daoud Al-Ghurairy as saying on Thursday.
The minister expects to secure reserves for a full 12 months by the end of the…
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Saudi crude oil exports rose to 7.52 million barrels
Saudi Arabia’s crude oil exports in March rose to 7.52 million barrels per day (bpd) from 7.455 million bpd in February, the International Energy Forum (IEF) said on Thursday, citing data from the Joint Organizations Data Initiative (JODI).
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New heads appointed for Aramco’s upstream and downstream businesses
Saudi Arabian Oil Co. has named new presidents for its upstream and downstream businesses as the oil giant looks to materialize its long-term strategies across the global portfolio and value chain.
According to a press statement, Saudi…
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Saudi inflation rate in stability at 2.7% in April
Saudi Arabia’s inflation rate remained unchanged at 2.7 percent in April compared to March 2023, according to the latest report released by the General Authority for Statistics.
However, on a year-on-year basis, the Kingdom’s inflation…
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ADNOC to raise up to $607m from IPO of logistics unit
State oil giant Abu Dhabi National Oil Co. said on Tuesday it has set a price range for an initial public offering of its marine and logistics unit that could raise up to $607 million and could give ADNOC Logistics & Services an equity…
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