Business
Oil falls on hopes Russia-Ukraine energy ceasefire will boost supplies
Oil falls on hopes Russia-Ukraine energy ceasefire will boost supplies
Business
Business
Stocks Rise as Oil Prices Tumble after Trump Hails 'Energy Ceasefire'
Most stock markets rose Monday as oil prices tumbled after Donald Trump announced an "energy ceasefire" between Russia and Ukraine. Both main crude contracts sank more than one percent following the US president's declaration, even as it sparked astonishment in Kyiv, which also said Moscow had struck multiple power plants in the country. "Effective immediately, there is an ENERGY CEASEFIRE in the War between Russia and Ukraine," Trump said early Sunday on Truth Social. "Both parties have agreed. Do not break it!"
Business
King Khalid Int’l Airport, One of the Region’s Key Global Aviation Hubs
King Khalid International Airport in the Saudi capital, Riyadh, is one of the world’s major aviation hubs and a key air transport gateway for Saudi Arabia and the wider region. Since opening four decades ago, it has reflected the kingdom’s urban and economic development. Opened in 1983, the airport has played a central role in keeping pace with Riyadh’s rapid growth and meeting rising domestic and international travel demand. It serves as an international gateway to the country and connects the capital with the rest of the world.
Business
Saudi Arabia signs energy cooperation deals with Kuwait, Qatar and Egypt
Saudi Arabia signs energy cooperation deals with Kuwait, Qatar and Egypt
Business
Saudi Arabia signs pacts for expanding energy cooperation with Kuwait, Qatar and Egypt
Minister of Energy and Minister of Industry and Mineral Resources Prince Abdulaziz bin Salman signed three memoranda of understanding (MoUs) with ministers from Kuwait, Qatar and Egypt, expanding cooperation across a broad range of energy fields.
Business
Saudi deputy minister represents economy minister at GCC meeting in Bahrain
Saudi deputy minister represents economy minister at GCC meeting in Bahrain
Business
War and high debt to dominate IMF-World Bank meetings in Bangkok
The US-Israel war on Iran and its inflationary impact will dominate the agenda.
Business
Saudi minister: Riyadh ‘capital of energy security’
Saudi Energy Minister Prince Abdulaziz bin Salman declares Riyadh the capital of energy security, pledging reliable oil supplies and highlighting the East-West Pipeline.
Business
Riyadh forum to examine key economic challenges
Riyadh forum to examine key economic challenges
Business
Abdulaziz bin Salman: Riyadh is the Capital of Energy Security
Saudi Energy Minister Prince Abdulaziz bin Salman stressed on Sunday that Riyadh represents the capital of energy security, noting that this status reflects the Kingdom's efforts, as well as those of the men and women working in the energy sector, to ensure reliable energy supplies and fulfill Saudi Arabia’s commitments to the world. Achieving energy security requires cooperation among all countries, he said.
Business
Aramco Namaat: 5 Years of Industrial Localization and Economic Diversification in Saudi Arabia
Saudi Aramco is expanding its investments in industries and services linked to its core business through the Aramco Namaat program, which has attracted nearly SAR 216 billion ($58 billion) in investments and helped establish 58 new companies since its launch in 2021, according to information obtained by Asharq Al-Awsat.
Business
Closing Bell: Saudi Arabia’s TASI edges down 0.15% to 10,361
On Sunday, Saudi Arabia’s Tadawul All Share Index fell by 0.15%, closing at 10,360.74, with 107 companies advancing and 151 declining. The parallel market Nomu increased by 0.41%, while significant corporate announcements included Advanced Petrochemical Co. reporting a net profit reversal and Amlak International Finance Co. declaring dividends for shareholders.
Business
Lebanon ports join IMEC, but can they compete with Israel?
Lebanon’s two largest ports have joined the IMEC Ports Club, raising questions over whether the country has the capability to compete in regional trade.
Business
Saudi Arabia takes center stage in shaping global energy’s future
Saudi Arabia takes center stage in shaping global energy’s future
Business
Rising through a regional war, Jordan’s market chief tells Gulf money: Don’t sell, diversify
Rising through a regional war, Jordan’s market chief tells Gulf money: Don’t sell, diversify
Business
UAE economy grows 0.4% in first half as non-oil sectors expand
UAE economy grows 0.4% in first half as non-oil sectors expand