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Dwindling OPEC+ spare capacity sets oil up for sizzling summer

Last month, the 10 OPEC nations in the accord managed only 60 per cent of their stipulated 250,000 barrel-a-day increase

HSBC reclaims bond crown in Mideast

Following $122bn in debt sales in 2021, governments and companies will probably front-load much of their funding needs this year

Saudi oil minister says he’s unconcerned about rise in prices

Brent crude’s climbed 11 per cent since the end of December to above $86 a barrel

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Proven Robotics opens first robotics training centre in Saudi Arabia

The new facility will also provide customers original spare parts, onsite troubleshooting, in-house maintenance services

Apicorp and IsDB partner in $1bn infrastructure financing initiative

The joint ‘Infra Initiative’ aims to incentivise more private sector investments and mobilise funding for utility projects

US firm Resecurity opens new AI-driven R&D centre in Saudi Arabia

The new R&D centre in Riyadh will focus on security innovations for smart cities and cognitive surveillance technologies

Power Letters 2022: John Pagano, CEO, The Red Sea Development Company and Amaala

Our approach not only defines success based on economic value, but applies a regenerative lens to go beyond simply protecting the ecosystems

Saudi Arabia cuts oil prices for Asia buyers as OPEC adds supply

On Tuesday OPEC+ decided to increase production in February by 400,000 barrels a day

OPEC output boost severely limited as African members struggle

The Organization of Petroleum Exporting Countries added just 90,000 barrels a day in December

Saudi pension fund says returns hit 14%

The returns were due to its long-term portfolio allocation and market performance

Tata Communications, Zain KSA to offer smart city solutions to Saudi Arabia

The project to bring smart street lighting solution is for one of the key cities in the kingdom

OPEC sees tighter first quarter as it considers output hike

It sees a surplus of 1.4 million barrels a day in the first three months of 2022

Saudi Arabia reintroduces mask and social distancing mandates

The new regulations come after health officials reported an increase in Covid-19 infections

Anghami delivers new interactive experience with Amazon Alexa

Alexa will offer UAE and Saudi Arabia customers localised language experience in Khaleeji Arabic as well as in English

UAE’s ekar launches car subscription service in Saudi Arabia

ekar is now taking on the global automotive subscription services market, which is set to surpass $40bn by 2026

Saudi food delivery company Jahez prices IPO at top of range

The company plans to sell just over two million shares to raise about SAR1.8bn.

NorthLadder appoints Aly El-Helaly as managing director for Saudi operations

El-Helaly will focus on building brand awareness and assembling a team in Saudi Arabia

Abha International Airport Saudi Arabia

Saudi forces destroy armed drones launched towards Abha and Jazan airports

The coalition later said that it carried out airstrikes on “legitimate military targets” in Sana’a

Saudi Crown Prince launches masterplan for SAR75bn Jeddah Central project

The project will include four landmarks – an opera House, museum, sports stadium and oceanarium, as well as 17,000 residential units

Saudi Arabia Airport

Saudi advises against ‘unnecessary’ overseas travel over omicron concerns

Travellers were specifically urged to avoid “high-risk countries” where the omicron variant of Covid-19 has spread rapidly

What does the future look like for virtual healthcare

Virtual health is expected to capture the attention of future consumers

oil-big7

Saudi Arabia warns traders against shorting oil prices

While oil has soared about 45 per cent this year, it slumped more than 10 per cent on November 26, the day after Thanksgiving

Saudi oil minister says global production could plunge 30% this decade

“We’re heading toward a phase that could be dangerous if there’s not enough spending on energy,” he said

Saudi Arabia sees 2022 budget surplus, first in eight years

Officials expect the economy to expand 2.9 per cent this year and grow by a further 7.4 per cent in 2022

Virtual health: An immediate solution or a distant dream?

Virtual heath offers access and convenience at home or on the go, from a computer or on a smartphone

Saudi wealth fund PIF raises $3.2bn from sale of STC stake

The Public Investment Fund offered 120 million shares in Saudi Telecom at SAR100 each

Saudi Crown Prince arrives in Qatar after completing UAE trip

The visit marks the first by the Saudi leader since the GCC rift with Qatar was ended in January this year

Jamal Khashoggi

Saudi officials say wrong individual detained by France in Khashoggi murder case

The Saudi citizen – carrying a passport in the name of Khaled Alotaibi – was arrested by French police on Tuesday

Prince Mohammed bin Salman bin Abdulaziz and Sheikh Mohamed bin Zayed Al Nahyan

Saudi Crown Prince arrives in Abu Dhabi on two-day state visit

UAE President Sheikh Khalifa bin Zayed Al Nahyan conferred the ‘Order of Zayed’ on Prince Mohammed bin Salman bin Abdulaziz Al Saud

The role of volunteerism in meeting national government agendas

The last two years have cast a critical eye on the importance of volunteerism. Volunteering…