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Saudi Arabia’s inflation holds steady at 1.6% in January: GASTAT
Saudi Arabia’s inflation remained stable at 1.6 percent in January, compared to 1.5 percent in December 2023, official data showed.
According to the latest report from the General Authority for Statistics, the monthly consumer price…
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Egypt plans car manufacturing factory in collaboration with Indian company
Egypt plans to build an electric and diesel car manufacturing factory with a production capacity of up to 6,000 vehicles in collaboration with Hinduja Group, one of India’s largest companies.
The move will help bolster the North African…
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Saudi Arabia’s non-oil revenues increase by 11% in 2023
Saudi Arabia’s non-oil revenues jumped 11 percent year on year in 2023 to reach SR457.7 billion ($122 billion), according to figures issued by the Finance Ministry on Wednesday.
The actual results of the budget for 2023 revealed a 13…
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Alibaba plans to partner with local companies in Saudi Arabia, UAE
Chinese e-commerce giant Alibaba Group Holding plans to strengthen ties with the Gulf region by partnering with local firms in Saudi Arabia and the UAE.
During a panel session at Dubai’s World Governments Summit, Michael Evans, president…
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ADNOC, British company to build gas project in Egypt
Abu Dhabi National Oil Co. and British energy company BP on Wednesday signed an agreement to form a new joint venture in Egypt with a focus on natural gas.
As part of the agreement, BP will contribute its interests in three Egyptian…
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Saudi Arabia closes its February sukuk issuance at $2.10bn
Saudi Arabia concluded its riyal-denominated sukuk issuance above the $2 billion mark for the third consecutive month in February, official data showed.
According to the National Debt Management Center, the Kingdom closed its issuance…
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Riyadh to host 4th edition of International Contracting Conference
Top industry leaders and key decision-makers are set to review the latest technologies and equipment used in urban construction at the fourth International Contracting Conference.
To be held under the patronage of Minister of Municipal…
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OPEC expects strong oil demand growth in 2024, 2025
The Organization of the Petroleum Exporting Countries expects strong growth in global oil demand in 2024 and 2025 driven by robust economic activities in China.
In its latest monthly report, the oil producers’ group said world oil demand…
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UAE announces $500m investment in AI, research platform
The UAE has unveiled a $500 million program to accelerate research and development into artificial intelligence and other emerging technologies.
The announcement was made by the Advanced Technology Research Council on the sidelines of…
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SIDF marks 50 years of investing in more than 4,000 projects
More than SR180 billion ($48 billion) has been loaned to projects by the Saudi Industrial Development Fund over the last 50 years, according to figures released to mark the organization’s half-century.
The total value of the 4,000…
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