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Changan sees boom in demand as Saudis fall in love with Chinese car brands
A decade ago, if you would have asked a Saudi whether he would consider buying a Chinese car, the answer most likely would have been no, but this has now changed.
Saudi Arabia is emerging as one of the most attractive markets overseas…
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EU gives Google 2 months to improve hotel, flight search results
Alphabet unit Google has two months to improve the way it presents Internet search results for flights and hotels and explain how it ranks these or face possible sanctions, the European Commission and EU consumer authorities said on Monday.…
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Lebanon sells cheapest Big Mac in the world as currency collapses
Lebanon is home to the world’s cheapest Big Mac after the pound slumped in value, leaving it more than 70 percent undervalued against the US dollar, according to the Economist Intelligence Unit.
At 29,904 Lebanese pounds, a Big Mac is…
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M&G launches sustainable version of flagship $77bn PruFund
British asset manager M&G has launched a sustainable version of its flagship £56 billion ($77 billion) PruFund range of funds, its chief executive told Reuters.
The move by M&G, carved out from insurer Prudential in 2019 and…
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Amazon, Circle K warming up to idea of crypto payments
Bitcoin traded higher on Sunday, rising by 0.26 percent to $34,057.90 at 6:30 p.m. Riyadh time. Ether, the second most-traded cryptocurrency, traded at $2,121.16, down 2.21 percent, according to data from the CoinDesk website.
Meanwhile,…
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Saudi fuel service station provider plans Egypt expansion
The Riyadh-headquartered Aldrees Petroleum and Transport Services Co. (Aldrees) has submitted a request to acquire service stations in Egypt, as part of a wider plan to expand into the North African country.
Argaam reported that Aldrees…
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Lebanon signs deal to sell Iraqi fuel in move to ease crisis
Lebanon signed a deal Saturday to broker Iraqi fuel sales in hopes of alleviating a crippling financial and energy crisis in the small Mediterranean country, Lebanese and Iraqi media reported.
The deal allows Beirut to resell 1 million…
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Food commodities in Egypt ‘will not be affected by increase in fuel prices’
The president of the Cairo Chamber of Commerce, Ibrahim Al-Arabi, said on Saturday that the increase in fuel prices will not affect the price of bread and other food commodities, nor the flow of goods.
Al-Arabi said the decision of the…
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OPEC should leave oil market in hands of the Saudis – Mizuho
OPEC and the entire energy industry should thank Saudi Arabia for helping oil prices recover from negative territory last year, and the market would be best left to the Kingdom to manage, according to a senior investment banking energy…
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New Russian war plane has Mideast orders in sights
Mideast governments could figure among customers for Russia’s new Sukhoi stealth fighter jet, a top Rostec executive said.
Known popularly as “The Checkmate,” the aircraft was inspected by President Vladimir Putin ahead of Moscow’s…
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