OPEC+ members are cutting output by a total of 5.86 million bpd, or about 5.7% of global demand
The platform could help Saudi Arabia with its vast Vision 2030 plan
With the addition of the latest Airbus A320neo, the carrier has increased its fleet size to 33 narrowbody jets
The summit is due to kick off on June 13 with a discussion about Africa, climate change, and development
Capella’s renowned wellness experiences are tailored to individual needs and utilise lunar phases as a guiding principle
The service, initially available in Emirates NBD’s branches in the UAE and Saudi Arabia, aims to eliminate payment flow barriers caused by different weekend schedules
The final offer price was set at SAR7.50 per share, at the top end of the price range, raising gross proceeds of approximately SAR900m
For Qatar, a top liquefied natural gas exporter, it is a chance to strengthen ties with its Arab neighbour, as well as try to diversify its economy
According to data provided by EIA, total US trade around the cape rose by about one-third, in the first six months of 2024
PIF wants to create a venture that would bring the main sport’s organisers together, in which it would take a minority stake, say reports
July exports are expected to be down from about 39 million barrels in June, possibly the lowest levels for the year, say reports
The company intends to use the proceeds to expand its business into Saudi Arabia
This marks Blinken’s eighth trip to the region since the conflict erupted in October 2023
The Red Sea crisis has disrupted global shipping by forcing vessels to avoid the nearby Suez Canal and reroute trade around Africa
The world’s top oil exporter has been seeking to bring in international investment as it launches a range of projects as the Saudi government seeks to diversify its oil-based economy
The new service is expected to offer more travel options while promoting business, trade and tourism opportunities
Oil activities were down 11.2 per cent in the first quarter versus the previous year, while non-oil GDP grew 3.4 per cent year on year
International demand for the secondary share sale was greater than for Aramco’s IPO in 2019
The unusually long guest list reflects Italy’s desire to broaden the horizons of the G7, a club of wealthy democracies
The oil behemoth’s shares were priced at $7.27 (SAR27.25), near the bottom of a SAR26.7 to SAR29 range used in marketing the sale
Cognizant’s GM in Saudi Arabia, Tarek Zarg El Aioun, discusses the company’s strategic partnerships and digital innovations transforming the aviation sector and beyond
Almarai and Dettol top YouGov’s 2024 FMCG Rankings in the UAE, leading the food, beverage, and personal care sectors with the highest consumer consideration scores
The contract is for the procurement and construction of the third phase of the master gas system in Saudi Arabia
The state-owned energy firm’s bankers have told investors it plans to price the shares at $7.27 (SAR27.25) each
The state-owned group placed an order for 105 narrowbody Airbus planes last month but has a requirement for 180
Saudi Arabia’s Supreme Court had called upon Muslims in the kingdom to sight the crescent Moon on Thursday evening
OPEC+ is currently cutting production by about 5.7 per cent of global demand to bolster the market
The weather authority has implemented a comprehensive plan to monitor weather conditions around the clock across the holy sites during the Hajj
Saudi Arabia has significant growth potential for battery-electric vehicles, with 71 per cent of consumers “very” or “moderately” likely to purchase a BEV this year, the AlixPartners study showed
The state-owned energy firm seeks to strengthen its position in the global LNG market, which is set to grow globally by 50 per cent by 2030