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Saudi crude oil imports supplies 44 percent of Japan needs in December 2023
Japan’s imports of Saudi crude oil increased in December 2023, reaching about 36.28 million barrels, or 44 percent of total imports, according to the Agency of Natural Resources and Energy that belongs to the Ministry of Economy, Trade and…
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IMF highlights Jordan’s resilience amid Gaza conflict’s economic impact
Jordan has effectively managed to overcome the economic difficulties stemming from the war in Gaza through several fiscal measures, according to the Washington-based lender IMF.
Jihad Azour, the director of the Middle East and Central…
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Lucid Motors to unveil new range of security vehicles at World Defense Show in Riyadh
Lucid Motors, an American manufacturer of electric luxury sports cars and grand tourers, is set to unveil its new, specially designed range of public security vehicles on the sidelines of the World Defense Show in Riyadh next week.…
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US Fed holds key rate steady for fourth straight meeting
The US Federal Reserve voted Wednesday to leave interest rates unchanged for a fourth straight meeting, but said the “risks to achieving its employment and inflation goals are moving into better balance.”
The Fed has a dual mandate to…
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Saudi Arabia and UAE megaprojects set to bolster MENA FDI in 2024: report
Saudi megaprojects will fuel a foreign direct investments surge across the Middle East and North Africa in 2024, according to capital adviser firm Lumina.
A report from the London-based company highlighted the variety of significant…
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Kuwait budget deficit expected to decrease 13.5% in 2024-25
Kuwait’s budget deficit is expected to decrease by 13.5 percent in the 2024-25 fiscal year, according to a draft budget released by the Ministry of Finance.
The shortfall is forecasted to hit 5.89 billion dinars ($19.15 billion), with…
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Saudi crown prince discusses regional developments with UK’s Cameron
Saudi Arabia’s Crown Prince Mohammed bin Salman on Wednesday met British Foreign Secretary David Cameron in Riyadh to discuss bilateral relations and ways in which cooperation between their countries might be enhanced and developed.
They…
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Global gold demand predicted to hit record high in 2024
The demand for gold globally hit a record high last year, and it is expected to continue to surge in 2024, according to an industry body.
The World Gold Council made this projection by assuming that the Federal Reserve will move toward…
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Saudi officials discuss advancing human rights
Dr. Abdullah bin Nasser Abu Thunain, deputy minister of human resources and social development for labor, met Dr. Hisham bin Abdulrahman Al-Sheikh, deputy chairman of the Kingdom’s Human Rights Commission, in Riyadh on Wednesday.
During…
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Commercial registrations in Madinah grew 12.1% in 2023 Q4
New mining companies helped drive a 12.1 percent annual increase in commercial registrations in Madinah in the fourth quarter of 2023, according to official data.
Issued by the city’s chamber of commerce, the economic report showed…
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