Prince Abdulaziz bin Salman, deputy minister of petroleum and mineral resources, says the current fuel consumption of 12 million vehicles exceeds 800,000 barrels daily.
LONDON: Gold steadied on Wednesday with dollar strength pulling prices back from near three-week highs.
BERLIN, US fast food chain Burger King said it had ended a contract with its top franchise partner in Germany after a scandal over food safety and labor standards.
JEDDAH: Weak oil prices and global equities kept most Gulf stock markets jittery on Wednesday, although a glut of upbeat news lifted Qatar’s bourse to an eight-week high.
The eighth Global Competitiveness Forum (GCF), which will be held in Riyadh on Jan. 25-27, will be focusing on public-private partnerships under the theme, competitive governments.
The second edition of Foodex Saudi was inaugurated by Prince Khalid bin Saud bin Khalid bin Turki Al-Saud, deputy chairman of the Meteorology and Environmental Protection Technical Affairs.
KARACHI: Pakistan International Airlines (PIA) has secured approval for cargo services to the European Union after being suspended over security fears, officials said, a rare boost for the beleaguered
PARIS: Areva’s share price plunged after the struggling French nuclear giant announced it was suspending its outlook for the next two years.
SINGAPORE: Samsung Group has scrapped a 2.5 trillion won ($2.3 billion) merger of its shipbuilding and engineering units that would have helped them compete better against European rivals.
Alkhabeer Capital, a major asset management and investment firm based in Saudi Arabia, and authorized by the Capital Market Authority, has announced the launch of a research report, which studies the
© Copyright of Arab News 2014