The news, anew
Oil is headed for a glut again as recovering Middle Eastern oil flows, rising production from other countries and weak demand have pushed global supply above consumption, JPMorgan said
Business
The Ministry of Transport and Logistic Services and the University of Jeddah have introduced "The Container" incubator to foster innovation in the transport and logistics sector. This initiative, which collaborates with various organizations, aims to support university students and entrepreneurs in transforming research into market-ready solutions through mentoring, training, and access to resources, thereby contributing to Saudi Arabia's vision of becoming a global logistics hub.
Business
The Saudi Ministry of Energy conducted 14,991 inspections last month, uncovering 727 violations related to unlicensed petroleum and LPG sales, as well as non-compliance with gas tariffs. These inspections aim to enhance regulatory compliance, protect the market, and ensure the reliability of energy supplies. The ministry encourages consumers to report violations through multiple channels.
Business
African nation emerging as energy hotspot after offshore discoveries made
