Economy and Planning Minister Mohammed Al-Jasser sits inside a simulator at Prince Sultan Aviation Academy. (AN photo)
LONDON: British Prime Minister David Cameron has promised to cut rising energy costs, seeking to regain the initiative from an opposition Labour Party that has pledged to freeze bills if it wins the n
BAGHDAD: Iraq's oil exports rose for a third successive month in November but remained below historic highs as the country looks for revenues to fund much-needed reconstruction, data showed.
The timid oil market response to the deal with Iran signals the uphill battle awaiting the Iranian oil industry in returning as a key market player if and when sanctions are lifted.
The daily gyrations experienced in the forex market, valued at more than $5 trillion/day, might lead some investors and consumers at some points in time to believe that the American dollar had lost it
The Shoura Council will discuss on Monday proposals to change certain articles of the Foreign Investment Law in order to woo foreign direct investment to the Kingdom and make Saudi Arabia more inve
Philippine Airlines (PAL) has announced the resumption of its flights to Riyadh on Sunday ( Dec. 1), and Dammam on Dec. 3.
SaudConsult, a major engineering firm, has joined hands with top investment funds — BPE Power and BPE Investments to acquire a 40 percent stake in Egyptian firm Power Generation Engineering and Serv
LONDON: OPEC's oil output has fallen in November, remaining below 30 million barrels per day for a second month, a Reuters survey found, due to strikes and protests in Libya.
ALKHOBAR: A consortium led by ACWA Power International has entered into a power purchase agreement with Saudi Electricity Company (SEC) to finance, build and operate the Rabigh 2 power project, ACWA s
Saudi Arabia's M3 money supply growth slowed to a 14-month low of 10.4 percent year-on-year in October from 13.4 percent at the end of September, Saudi Arabian Monetary Agency (SAMA) data showe
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