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Economic integration is key for Arab nations and trade and investment can boost it
High-level representatives of Islamic Development Bank Group member countries, and other regional and international experts gathered in Jeddah on May 10 for the 48th Annual Meetings of the group, which included the launch of its Integration…
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Balagh Tijari App ,unified number 1900 only authorized outlets for commercial notification
The Ministry of Commerce clarified that the submission of commercial communications, including fraud notification, can be made only through its Balagh Tijari App or unified number 1900. The ministry stated that it has assigned neither any…
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ADNOC plans to IPO 15% of its logistics unit
Oil giant Abu Dhabi National Oil Co. intends to offer 15 percent of its shares in unit ADNOC Logistics & Services through an initial public offering on the Abu Dhabi stock exchange, the company said on Wednesday, according to Reuters.…
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US oil stocks up, crude prices down; EIA predicts 5% surge in US oil production for 2023
Oil prices fell on Wednesday, ending a three-day rally, as an unexpected rise in US oil inventories sparked demand concerns, and investors awaited inflation data to gauge the next rate decision in the top oil-consuming nation.
Brent crude…
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Saudi Arabia and China discussing alternative energy sources
CEO of Saudi Geological Survey Abdullah Mofter Al-Shamrani received Liu Jing, vice chairman of the board of directors of the China Atomic Energy Authority, and his accompanying delegation, at SGS headquarters in Jeddah on Monday, where they…
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UAE In-Focus — Dubai Airports expects record 83m passengers in 2023
Dubai Airports, which owns and manages the operation of both Dubai International and Dubai World Central airports, has revised its 2023 forecast upward to 83.6 million passengers, bringing it within “striking distance” of its 2019 annual…
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Islamic Development Bank’s annual meetings to be titled “Partnerships to Fend off…
The Islamic Development Bank group’s annual meetings will this year be held under the title “Partnerships to Fend off Crises.”
Due to take place from May 10 to 13 in Jeddah, the meetings will focus on the importance of collaboration in…
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Record-breaking 83 million passengers expected by Dubai Airports in 2023
Dubai Airports, which owns and manages the operation of both Dubai International and Dubai World Central airports, has revised its 2023 forecast upward to 83.6 million passengers, bringing it within “striking distance” of its 2019…
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Saudi Arabian Oil Co reported net profit of SR119.54 billion
Saudi Arabian Oil Co. has reported a net profit of SR119.54 billion ($31.88 billion) in the first quarter of 2023, up 3.75 percent from SR115.22 billion recorded in the previous quarter.
In a statement to Tadawul, Saudi Aramco said that…
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Qatar’s Hamad International Airport Q1 passenger traffic rises 44.5%
Qatar’s Hamad International Airport recorded a year-on-year surge in passenger traffic of 44.5 percent to reach 10.31 million in the first quarter of 2023, with trips to London, Bangkok, and Dhaka helping to drive the increase.
According…
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