ALGIERS: Algeria is preparing a new auction for foreign energy firms, an official said on Wednesday, after the North African country awarded four out of 31 oil and gas field blocks last month in the f
RIYADH: Sun-blessed Saudi Arabia has no choice but to invest in solar energy, a senior official of the national electricity provider said.
ALKHOBAR: The first fuel exports from a major new Saudi Arabian-Chinese refinery will load in December, slightly later than expected, three industry sources said.
The Saudi stock market continued its downward momentum and fell for a third consecutive session on Wednesday.
The initial public offering (IPO) of the National Commercial Bank (NCB) was 50.3 percent covered by the end of the 11th day, according to the financial advisers and lead managers GIB Capital and HSBC
Saudi Arabia ranked 49 among the 189 countries surveyed for the latest World Bank’s “Ease of Doing Business” report as Singapore topped the list.
RIYADH: The sprawling Saudi capital is in a race against time to complete its $22.5 billion metro system within four years, a senior official said.
ABU DHABI: National Bank of Abu Dhabi (NBAD) expects its percentage rate of growth in lending to be in the high single digits in the coming months, although the profitability of its lending will conti
DUBAI: The chairman of Dubai's biggest real estate developer, Emaar Properties EMAR.DU, said he welcomed talk of a slowdown in the emirate’s property market and vowed to keep supplying new homes to he
PARIS: French oil company Total’s new chief will visit oil-rich countries to cement links with their leaders after the sudden death of his predecessor and will go ahead with cost cuts after falling oi
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