Business
Saudi Arabia’s SME PMI at 53.8 as new orders hit 7-month high
Saudi Arabia’s SME PMI at 53.8 as new orders hit 7-month high
Business
Business
Aramco President & CEO: Attacks on the Region’s Energy Infrastructure Threaten Global Economies
Amin H. Nasser, President & CEO of Aramco, has warned that the consequences of attacks on the region’s energy infrastructure extend beyond its own markets to economies and markets around the world. He stressed that protecting energy facilities and supply routes requires international cooperation, as recent disruptions pose challenges to global energy security.
Business
Nobel economics prize awarded to Robert Hall and Michael Woodford
The Swedish academy says the academics' models are 'now used by central banks and governments around the world'.
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
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
talabat welcomes Moaiad Aqel as new managing director of Qatar to lead its next chapter of growth
Long-standing talabat leader returns to Qatar with more than 10 years of experience across the company’s operations in several GCC countries. talabat, the leading everyday app in the MENA region,…
Business
Jordan approves 'landmark' $564m sukuk for Greater Amman Municipality
Jordan approves 'landmark' $564m sukuk for Greater Amman Municipality
Business
Aramco CEO: No nation can protect the world's energy routes alone
At the WPC Energy Congress, Aramco CEO Amin Nasser emphasized that securing global energy infrastructure requires collective international efforts, stating that even capable nations like Saudi Arabia cannot safeguard energy routes alone. He highlighted the importance of resilience in the Kingdom's energy system and showcased Aramco's plans for increased gas production, renewable energy integration, and advancements in technology to enhance security and infrastructure.
Business
Egypt’s core inflation eases to 14.1% as food prices climb
Egypt’s core inflation eases to 14.1% as food prices climb
Business
Qatar’s energy minister: ‘Keep energy above politics’, as Doha and Riyadh sign cooperation MoU
Qatar and Saudi Arabia sign an energy MoU, as Al-Kaabi urges the world to keep energy “above politics”. Qatar’s Minister of State for Energy Affairs and QatarEnergy President and CEO…
Business
Saudi Aramco studying new crude export routes, overseas storage expansion
Saudi Aramco studying new crude export routes, overseas storage expansion Saudi Aramco chief Amin Nasser said the company was studying additional crude oil export routes and working to expand its overseas storage capacity, as global energy markets face disruptions stemming from ongoing conflicts in the region. Reporting by Reuters
Business
Nobel Prize in Economics goes to pair of US economists
The pair got the Nobel for developing economic models that help governments and central banks respond more effectively to booms and recessions.
Business
SALIC transfers ownership of National Grain Co. to SABIL, strengthening the Kingdom’s feed system
SALIC transfers ownership of National Grain Co. to SABIL, strengthening the Kingdom’s feed system
Business
Top oil executives dropped from event schedule after Riyadh attacks
Top oil executives dropped from event schedule after Riyadh attacks Several oil major executives were dropped from the agenda of the WPC Energy Congress in Riyadh, Reuters reports. According to the report, chief executives of ExxonMobil, TotalEnergies, Shell and BP were slated to appear at the c0nference but were dropped from the schedule which organisers released early on Monday. Riyadh has pressed on with the event despite a series of deadly attacks on the capital claimed by Yemen's Houthis…
Business
Saudi Arabia can power AI data centers at faster pace than US: Siemens Energy CEO
Siemens Energy CEO Christian Bruch stated that Saudi Arabia can provide electricity to AI data centers more rapidly than the US, thanks to its advanced power infrastructure and strategic planning for expansion. The Kingdom's ability to deliver power at competitive costs enhances its attractiveness for computing investments, as timely power delivery becomes crucial for launching AI projects amidst rapid technological advancements.
Business
Saudi Energy Minister: No Room for Fear in Our Vocabulary … No Wasted Opportunities to Realize Our Vision
Saudi Energy Minister Prince Abdulaziz bin Salman said there was “no room for fear in the vocabulary of Saudis,” stressing that the resilience of the kingdom’s energy system and the determination of its people strengthened its ability to weather crises, ensure uninterrupted supplies and continue its transformation drive toward the goals of Vision 2030.
Business
Saudi Arabia positions Riyadh as global energy security hub as WPC Energy Congress opens
Saudi Arabia positions Riyadh as global energy security hub as WPC Energy Congress opens
Business
Top oil executives dropped from event schedule after Riyadh attacks
By Sarah El Safty and Jana ChoukeirDUBAI, Oct 12 (Reuters) - Several top energy executives were dropped from the schedule of the WPC Energy Congress in Riyadh, as Saudi authorities pressed ahead with the event despite deadly attacks on the capital claimed by Yemen's Iran-alignedHouthis.The chief executives of ExxonMobil, TotalEnergies, Shell, Chevron and BP had all been expected at the event, which began on Sunday, but were no longer on the agenda that conference organisers released early Monday.