Economy

DUBAI: Petroleum Development Oman (PDO) and US GlassPoint Solar have commissioned the Middle East’s first solar enhanced oil recovery (EOR) project, the project partners said.

The International Chamber of Commerce (ICC) at the Council of Saudi Chambers will host the consultation meeting for ICC's World Trade Agenda and G20's advisory group here on May 28.

DUBAI: Dubai's Drake and Scull said yesterday it had won a contract worth SR 1.73 billion ($ 461.3 million) to build a twin-tower residential and commercial development in the western Saudi Arabian ci

ALKHOBAR: Saudi Aramco has awarded India's Larsen & Toubro (L&T) a contract to build facilities including a gas processing plant for its Midyan gas field, state news agency SPA reported.

Inflationary pressure is likely to continue to remain subdued in the Kingdom this year in the absence of external shocks to food prices, says a top Riyadh-based economist.

With another relatively slow 12 months for actual equity issuances in the GCC, and with Saudi Arabia leading the league table with five listings over $ 100 million, a nu

LONDON: Gold, down in seven of its last eight sessions, was off by around one percent yesterday on a firm dollar, weak technical signals and speculation that the US Fede

For the first time in 12 years, the Office Exhibition joins forces with the INDEX International Design Exhibition in 2013 to co-locate in Dubai International Convention

Australia aims to increase its dairy exports to Saudi Arabia from 28,000 tons ($ 80 million) to 50,000 tons in the next five years, according to Peter Myers, Dairy Austr

WASHINGTON: Apple CEO Tim Cook has denied using “gimmicks” to dodge corporate taxes as the tech giant came under attack from US lawmakers for using “sh