ALKHOBAR: Saudi Arabia’s government is in talks with local banks to sell them SR20 billion ($5.3 billion) of local currency bonds next week, the Maaal financial website reported, citing unnamed source
LONDON: Timespreads for West Texas Intermediate (WTI) and Brent futures have strengthened significantly over the last month as fears about another big build up in crude oil stocks eased.
DUBAI: Saudi Arabia's main share market index rose on Sunday as investors continued to buy beaten-down petrochemical shares on hopes that oil prices may have bottomed out, while most other regional bo
RIYADH: The local agriculture industry, a crucial economic sector, is contributing to providing food security to Saudi Arabia.
RIYADH: A plethora of bilateral agreements between the Kingdom and France worth billions of riyals will be signed in Riyadh during the 2nd Saudi-French Business Opportunities Forum, which will be held
DUBAI: Lufthansa will launch its premium economy service into the Middle East later this month, it said, aiming to go head-to-head on quality with Gulf-based rivals.
DUBAI: Kuwait's sovereign wealth fund, one of the world's largest, is considering selling assets to cover a state budget deficit caused by low oil prices, the country's Al-Anba newspaper reported on S
JEDDAH: The National Commercial Bank (NCB) said its net income for the nine months of 2015 reached SR6.963 billion compared to SR6.830 billion for the same period of the previous year.
JEDDAH: The private sector was able to improve annual hiring of Saudi nationals from an average of 64,000 between 2006 and 2010, to 92,000 between 2011 and 2014, according to a report from Jadwa Inves
LIMA: The transition from fossil fuels must be carefully managed to avoid an economically disastrous bursting of the “carbon bubble,” the World Bank’s top climate official said.
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