Oil Updates – Prices Higher On Fed Comments On Inflation, Middle East Tensions
LONDON: Oil prices gained on Friday, after minutes from a Federal Reserve meeting suggested inflation was under control... Read more
Global Markets – Stocks Set To Snap 9-week Winning Streak On Interest Rate Rethink
LONDON/TOKYO: Global equities were on course to snap a nine-week winning streak, government bonds sold off, and the doll... Read more
World Food Price Index Ends 2023 Some 10 Percent Below 2022 Levels
LONDON: The UN food agency’s world price index ended last year about 10 percent below its 2022, with values in Decembe... Read more
Saudi Arabia Issued 130 Industrial Licenses In November 2023
RIYADH: Saudi Arabia’s Ministry of Industry and Mineral Resources issued 130 industrial licenses in November 2023, com... Read more
Saudi Health Insurance Sector Eyes 25m Beneficiaries By 2030: Report
RIYADH: Health insurance companies in Saudi Arabia are looking to extend their coverage to 25 million beneficiaries by 2... Read more
Closing Bell: Saudi Main Index Rises To Close At 12,145
RIYADH: Saudi Arabia’s Tadawul All Share Index rose on Thursday, gaining 216.56 points, or 1.82 percent, to close at 1... Read more
Abu Dhabi Unveils MEAs First Processing Facility For Enzyme-based Fuel Additives
RIYADH: Abu Dhabi has unveiled the first advanced facility in the Middle East and Africa for treating fuel additives, ai... Read more
Shipping Volume In Suez Canal Drops 28% after Disruptions
RIYADH: Shipping volume in the Suez Canal dropped 28 percent year on year in the 10 days ending Jan. 2, official data ha... Read more
Saudi Arabia Gives Green Light To 2024 Annual Borrowing Plan
RIYADH: The Saudi finance minister has officially approved the Kingdom’s annual borrowing plan for 2024, covering vari... Read more
Saudi Companies Brace For Increased Energy Bills As Aramco Raises Prices
RIYADH: Several companies in Saudi Arabia announced expectations of higher energy bills following Aramco raising its pr... Read more
SAMAs Total Assets In November Reach $485.64tn
RIYADH: The total assets of the Saudi Central Bank, also known as SAMA, in November rose by 3.25 percent as compared to... Read more
Egypt Seals 29 Deals In 2023 To Search For Oil And Gas
RIYADH: Egypt’s petroleum sector made huge strides in 2023 with the signing of 29 agreements valued at $1.2 billion fo... Read more
Closing Bell: TASI Closes At Highest Level Since October 2022
RIYADH: Saudi Arabia’s Tadawul All Share Index experienced a rise on Thursday, gaining 42.57 points, or 0.36 percent, ... Read more
Saudi Railways In Deal With Bahri To Provide International Freight Services
RIYADH: International freight forwarding services across the Kingdom will be strengthened further as Saudi Arabia Railwa... Read more
AROYA Cruises Unveils First Cruise Ship
RIYADH: Saudi Arabia’s cruise sector is poised for a significant transformation with the unveiling of a new vessel by ... Read more