Business

Official Source: Lebanon Draft Budget Applies Range of FX Rates

Turkey’s Central Bank Ends String of Interest Rate Cuts

Saudi Arabia Launches Institutional Transformation Plan to Boost Non-oil Exports

IEA: Oil Demand Holds Up Despite Omicron

Energy Minister: Saudi Arabia will Dominate Hydrogen Market

UAE Plans to Enter Electricity Export Market Globally

Exxonmobil, SABIC Start Operations at Gulf Coast Manufacturing Facility

ExxonMobil and SABIC announced on Thursday the successful startup of Gulf Coast Growth Ventures world-scale manufacturing facility in San Patricio County, Texas. The new facility will produce materials used in packaging, agricultural film, construction materials, clothing, and automotive coolants

Experts: Launch of ‘Boutique Group’ Enhances Tourism Gains by Reviving Heritage

Saudi Arabia’s Crown Prince Mohammed bin Salman has unveiled ‘Boutique Group’ to develop historical palaces into luxury boutique hotels, the Kingdom’s Public Investment Fund (PIF) announced on Thursday. Boutique Group is a “a new hospitality brand that will manage and convert a collection of icon

Saudi Arabia to Develop Hydrogen-Based Transport

The Ministry of Energy signed on Thursday eight memoranda of understanding (MoUs) with several entities for implementing pilot projects for hydrogen fuel cell-based cars, buses and trains, transportation applications, and sustainable jet fuel production in selected areas and on roads in various citi

Lebanese Pound Extends Rally

Oil Flow Resumes at Iraq-Turkey Pipeline

Hajraf: FTA Will Pave Way for Wider Cooperation Between GCC, South Korea

Oil Highest Since 2014 as Turkey Outage Adds to Tight Supply Outlook

Aramco Signs 10 Agreements during Saudi-Korean Investment Forum

Saudi Aramco has signed one agreement and nine Memoranda of Understanding (MoUs) with leading Korean entities to advance its downstream strategy and support development of low-carbon energy solutions, while creating new financing options for the company. The agreements were announced on Tuesday o

Saudi PIF Signs MoU to Develop Green Hydrogen Production

The Saudi Public Investment Fund (PIF), POSCO and Samsung C&T Corporation Engineering & Construction Group (Samsung C&T) announced on Tuesday the signing of a three-party MoU with the goal of developing a project to produce green hydrogen for export.

UN: World Tourism Won't Return to Pre-pandemic Levels Until 2024

Tourism arrivals around the world are not expected to return to their pre-pandemic levels until 2024 at the earliest, the World Tourism Organization said Tuesday. The highly contagious Omicron variant, though mild, will "disrupt the recovery" in early 2022 after last year saw four percent growth

SCAI Launches AI Operations to Compete with Global Technologies

ADNOC Says Work Underway to Ensure Reliable Supply after Fuel Depot Incident

Saudi Energy Minister Says OPEC+ Has Done a Lot to Stabilize Global Energy Markets

Saudi Arabia Records Highest Growth Levels among the G20 Countries

UAE Aims to Reduce Carbon Emissions Through Transition to Future Energy

The United Arab Emirates said success in transitioning towards a future energy system aims to reduce emissions while maintaining growth, progress, and development. Dubai Ruler and Prime Minister Sheikh Mohammed bin Rashid Al Maktoum inaugurated on Monday the Abu Dhabi Sustainability Week (ADSW),

Tourism Sector Sees Record Numbers in Saudi Arabia

Bahrain’s GFH Spins Out Infrastructure Investments into Newly Established 'Infracorp'

UAE Stresses Creating Mix of Renewable, Nuclear, and Fossil Energy

Saudi Minerals Forum Calls for Keeping Pace with Technology in Achieving Sustainable Development