Business

Aramco JV HAPCO to Commence Construction of Major Refinery, Petrochemical Complex in China

EU Leaders Grapple with Bank Risks as Economy Weakens

Saudi Arabia Allocates Sand, Landfill Site for Mining Activities

Moody's Changes Saudi PIF's Outlook to Positive

IMF Says Preparing for 1st Review of Egypt Program

IMF: Lebanon is in 'Very Dangerous Situation'

Saudi Housing Sector Fundraising Campaign Recreates IPO Model

Saudi Arabia’s crowdfunding platform for home ownership Jood Eskan has launched a first-of-a-kind charitable campaign to raise SAR1 billion ($266 million) in donations during the Holy month of Ramadan. Titled ‘Ever-Green Stock,’ Jood Eskan’s charitable campaign is an IPO simulation that targets

Iraq Halts Northern Crude Exports after Winning Arbitration Case against Türkiye

Iraq halted crude exports from the semi-autonomous Kurdistan region and northern Kirkuk fields on Saturday, an oil official told Reuters, after the country won a longstanding arbitration case against Türkiye.

Official: Foundation of China's Economic Recovery not Solid Enough

The foundation of China's economic recovery is not solid enough, a senior Communist Party official said on Saturday, warning of possible spillover effects from global economic problems. Some countries have to play a balancing act as they try to stabilize their economies, prices and financial mark

Saudi Arabia Works on Strengthening Legislation Frameworks to Combat Money Laundering

Egypt Launches Initiative to Ease Debts of Developing Countries

Saudi Deposit Boosts Foreign Reserves of Türkiye's Central Bank

World Bank Agrees $7 Bln, 5-Year Partnership with Egypt

MODON Receives International Accreditation

The Saudi Authority for Industrial Estates and Technology Zones (MODON) received an accreditation certificate from the European Foundation for Quality Management (EFQM), for the four-star category, for applying quality and institutional excellence concepts. MODON is working to create the appropri

Egypt Starts Experimental Production of Gold in the South

Egypt started experimental trials of the commercial production of gold in the area of Iqat in the south of the country, Petroleum and Mineral Resources Minister Tarek el-Molla has announced. In remarks on Tuesday, Mulla said that the site of Iqat, with a deposit of nearly 1.2 million ounces of g

Saudi Arabia Launches National Platform to Push Investments in Local Military Industries

In a move to push investments in the military industries, Saudi Arabia launched on Monday a number of enablers for local and international investors, allowing them to access the sector’s opportunities. The launching came during a ceremony organized by the General Authority for Military Industrie

Saudi National Bank Says Credit Suisse Crisis Has No Impact on Growth Plans

Gold Prices Drift Lower as Investors Focus on US Fed Meet

Lebanon to Construct New Terminal at Beirut Airport

Saudi Arabia, Türkiye Announce Engineering Automation Project for the Middle East

Aramco, DHL Announce End-to-End Procurement and Logistics Hub Joint Venture

Saudi Aramco and DHL Supply Chain have signed a shareholders’ agreement for a new Procurement and Logistics Hub in Saudi Arabia, to enhance supply chain efficiency and sustainability, Aramco said in a statement on Monday. According to Aramco, it would be the region’s first such hub catering to cu

Saudi Arabia to Terminate Financial Claims in June

Economic Development in Iraq Requires Energy Transition

Kuwait Oil Co Declares State of Emergency Due to Leak

Oil Falls More Than $2 on Banking Concerns, Likely Fed Rate Hike