Saudi Arabia is embarking on an ambitious program to develop peaceful nuclear energy that will have profound positive impacts on the energy industry and wider economy. According to the Ministry…
A delegation from Saudia airline recently visited Airbus’s factory in Hamburg to witness firsthand the progress of the largest aircraft deal in the Kingdom’s aviation history. This landmark agreement, signed…
According to current data, the yearly rise in credit facilities for micro, small, and medium-sized businesses in Saudi Arabia was 16 percent in the first three months of 2024. Data…
On Thursday Brent Crude Oil prices surged above $87 for the first time since April as the earlier day data showed a decline in US inventories. By 1922 GMT Brent…
From June 30 to July 6, Saudi Arabia's point-of-sale spending climbed by 7.7 percent to SR13.2 billion ($3.51 billion), with hotel payments leading the increase, according to government figures. According…
GFH Partners Ltd, GFH Financial Group's global asset management arm, has created and completed its eighth logistics and industrial fund in the United States, the Dubai Financial Markets-listed company stated…
Middle Eastern airlines experienced a 9.7 percent annual growth in passenger demand in May, driven by increased travel to Asia, according to a report by the International Air Transport Association…
In a contract valued at $733 million, ADNOC Drilling will deploy three ‘island’ drilling rigs for the offshore Zakum field operations in Abu Dhabi, awarded by ADNOC Offshore. The new…
Saudi Arabia’s point-of-sale (POS) spending surged by 48 percent, reaching SR12.34 billion ($3.29 billion) from June 23 to 29, with the education sector experiencing the most significant increase. Data from…
Saudi Arabia's finance minister believes the country's savings, natural resources, and state skills make it well-positioned for long-term economic development. During the OPEC Fund Development Forum and Ministerial Meeting in…
