Browsing Category
Business
Saudi Arabia keen on ensuring regional progress, stability
Saudi Arabia aims to create the right conditions for regional economic stability, the Saudi finance minister said during the preparatory meeting of the Arab Economic and Social Development Summit in Jeddah.
Mohammed Al-Jadaan noted that…
Read More...
Read More...
Saudi Arabia boosts grain storage capacity to 3.5m tons with new facility
In a bid to ensure food security, the Kingdom recently completed a new facility raising its total grain storage capacity by 40 percent.
According to the Ministry of Environment, Water and Agriculture, this new facility expands Saudi…
Read More...
Read More...
Islamic Development Bank signs $1.4bn deals for member countries’ projects
In a bid to address the ongoing global crises, the Islamic Development Bank Group signed 77 financing agreements worth SR5.4 billion ($1.44 billion) with 24 member countries as it concluded its annual meeting in Jeddah, the Saudi Press…
Read More...
Read More...
Oil stabilizes as supply deficit counters demand fears
Oil prices stabilized on Friday and were set to end the week flat as the market balanced supply fears against renewed economic concerns in the US and China, according to Reuters.
Brent crude futures were down 5 cents, or 0.07 percent, at…
Read More...
Read More...
Saudi Arabia and Netherlands sign MoU to collaborate on green energy
Green hydrogen production has received a boost as Saudi Arabia signed a memorandum of understanding with the Netherlands on Thursday to cooperate in developing the clean gas and expediting the global pursuit to reduce the carbon footprint.…
Read More...
Read More...
KSA and Netherlands signed MoU to develop clean gas and reduce carbon footprint
Green hydrogen production has received a boost as Saudi Arabia signed a memorandum of understanding with the Netherlands on Thursday to cooperate in developing the clean gas and expediting the global pursuit to reduce the carbon footprint.…
Read More...
Read More...
OPEC raised its forecast for China’s oil demand growth
The Organization of the Petroleum Exporting Countries on Thursday further raised its forecast for China’s oil demand growth in 2023 following the relaxation of the country’s COVID-19 curbs.
The oil producers’ alliance, however, left the…
Read More...
Read More...
Industrial production index rises 4.1% in Saudi Arabia
High production in mining, quarrying and manufacturing helped deliver a 4.1 percent year-on-year rise in Saudi Arabia’s industrial output volume, according to the latest report from the General Authority for Statistics.
The authority…
Read More...
Read More...
Bahrain to attract more Japanese tourists
Bahrain’s Tourism and Exhibitions Authority is promoting the Gulf country as a global tourist hub in Japan, the world’s third-largest economy.
On the sidelines of an official visit to Tokyo, Dr. Nasser Qaedi, CEO of the BETA, held…
Read More...
Read More...
Emirates sees highest profit in 2022 of $2.9B after pandemic grounded flights
Emirates saw its most-profit year ever in 2022, earning $2.9 billion after bouncing back from the coronavirus pandemic shutting down global aviation, the airline announced Thursday.
The carrier’s revival comes as Dubai, which owns the…
Read More...
Read More...