Business
Business
Al-Qasabi appoints 9 board members of Makkah Chamber of Commerce
Minister of Commerce Dr. Majid Al-Qasabi has issued a ministerial order appointing the members of the Board of Directors of the Makkah Chamber of Commerce.
Business
Non-oil activities account for 55% of Saudi GDP for first time
Deputy Minister of Finance Abdulmohsen Al-Khalaf stated that non-oil activities had accounted for 55 percent of Saudi Arabia's gross domestic product (GDP) for the first time in its history.
Business
Minister Al-Saif: FDI in emerging economic sectors soars 162%
Saudi Minister of Investment Fahad Al-Saif stated that foreign direct investment in the Kingdom's emerging economic sectors posted a surge of 162 percent over the past five years, while total fixed capital formation recorded a jump of 52 percent.
Business
Algerian-Slovak Partnership To Retrieve Iron And Steel Industrial Waste – الشروق أونلاين
The National Enterprise for Recovery and Valorization (SNRV) and the Slovak company “BK Investment” signed a protocol agreement in the field of processing and recovering waste resulting from the iron and steel industry, according to a statement by the National Iron and Steel Industry Holding Company on Monday, October 12. According to the same source, […]
Business
Renewables offer cheapest route to power and energy security, says IRENA chief
Renewables offer cheapest route to power and energy security, says IRENA chief
Business
Aramco CEO warns global oil inventories could take two years to replenish
Saudi Aramco President and CEO Amin Nasser revealed that replenishing oil stocks could take approximately two years, amid mounting pressures on crude oil supplies and ongoing challenges in global energy markets.
Business
Saudi Arabia plans to raise East-West Pipeline capacity to 10 million barrels per day
Saudi Energy Minister Prince Abdulaziz bin Salman outlines plans to raise East-West Pipeline capacity to 10 million barrels per day amid global energy supply disruptions.
Business
Syrian Post restores domestic parcel routes and expands international services
Syrian Post restores domestic parcel routes and expands international services
Business
Hall, Woodford win Nobel prize for work on how to stabilise economies
By Simon Johnson and Johan AhlanderSTOCKHOLM, Oct 12 (Reuters) - US academics Robert Hall and Michael Woodford won the 2026 Nobel economics prize on Monday for decades of work developing ground-up models currently used by central banks and finance ministries across the world to stabilise economies."With them, we are better equipped to deal with shocks in the economy, such as energy crises or sudden changes in how much households consume," John Hassler, Chair of the Committee for the Prize in Economic Sciences, said in a statement.
Business
حتى 30 ديسمبر.. «تنظيم الإعلام» تتيح تقسيط الغرامات المالية للمنشآت
أعلنت الهيئة العامة لتنظيم الإعلام بدء استقبال طلبات الاستفادة من مبادرة تقسيط الغرامات المالية الصادرة عنها بحق المنشآت الإعلامية في القطاعين الخاص وغير الربحي، وذلك حتى 30 ديسمبر 2026.
Business
Norway fund withdraws $661m from Israeli banks amid ethical review
Norway’s sovereign wealth fund has withdrawn $661 million from five Israeli banks as part of an ethical review, citing concerns over their contributions to serious human rights violations in conflict areas. This move follows a broader divestment strategy that includes previous exclusions from investments in Caterpillar Inc. and other Israeli companies due to similar ethical concerns.
Business
Saudi Arabia will overcome challenges, uphold global energy commitments, Prince Abdulaziz says
Saudi Energy Minister Prince Abdulaziz bin Salman pledges continued energy reliability and investment despite regional challenges as Riyadh hosts the 25th WPC Energy Congress.
Business
Saudi Arabia’s ‘mindset’ helped Kingdom beat longest energy crisis says minister
Saudi Arabia’s ‘mindset’ helped Kingdom beat longest energy crisis says minister
Business
Saudi Red Sea Authority grants first beach operator license to Emaar
Saudi Red Sea Authority grants first beach operator license to Emaar
Business
Closing Bell: Saudi Arabia’s TASI falls 0.74% to close at 10,284
On Monday, Saudi Arabia’s Tadawul All Share Index fell by 0.74% to close at 10,283.96, with trading activity exceeding SR3.49 billion across 196 million shares. While 57 companies advanced, 205 declined, and the parallel market Nomu rose by 1.15% to 21,949.88. Watani Iron Steel Co. was the day's top gainer, while Saudi Fisheries Co. experienced the largest decline.
Business
IsDB chief meets IMF head, signs $364m financing deals with Benin
IsDB chief meets IMF head, signs $364m financing deals with Benin
Business
Confronting the ‘largest energy security threat’
The head of the International Energy Agency, Fatih Birol, discusses the challenges facing the global economy.