EV startups are lowering manufacturing costs, laying off workforce, and racing to develop cheaper models to navigate a slump in demand
The world’s largest oil firm has been expanding its trading activity
Through the ETF, investors in China will be able to trade Saudi stocks including Saudi Aramco and Saudi National Bank
International naval forces have been deployed to provide defensive support for ships sailing through the Red Sea, but the attacks have increased significantly
The autonomous flight was conducted by EHang Holdings in collaboration with Saudi-based Front End
A potential Saudi purchase could involve 25 units, and the planemaker expects the country to make a decision in two to four years
Inventories of both gasoline and diesel have been rising relative to the seasonal trend in the US, and consumption growth for oil remains tepid across major markets
Chile is the world’s second-largest producer of lithium
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