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Amin Nasser, president and chief executive of Saudi Aramco. (CERAWeek)

Aramco CEO sees improvement in demand for oil in 2021 

  • Amin Nasser also warns certain job types might not return after ‘biggest crisis in a century’
  • Current oil demand is at 94 million barrels, compared with pre-pandemic levels of 100 million
By Frank Kane ·
Egypt’s economy to rebound from 2022, S&P Ratings says

Egypt’s economy to rebound from 2022, S&P Ratings says

By Arab News ·
Saudi public debt increased about 5.6 percent during the first quarter of this year nearly amounting to SR901.4 billion ($240.4 billion). (Shutterstock)

Saudi public debt up 5.6% to $240.4bn in Q1 2021

By Arab News ·
According to a report by research company Euromonitor, the Saudi AC market is set to grow by 2 percent in the next two years. (Shutterstock)

Saudi AC distributor sees 30.5% increase in Q1 revenue

By Arab News ·
Reefs on a Red sea beach resort in Egypt, which is expecting a big tourism boost during 2021/2022. (Shutterstock/File Photo)

Egypt expects $6bn income from tourism during 2021/22

By Mohammed Abu Zaid ·
Energy investments across the Middle East and North Africa (MENA) are expected to grow massively by 2026. (Shutterstock/File Photo)

MENA energy investments to exceed $805bn over the next five years

By Arab News ·
Saudi deficit could fall below 5 percent if oil averages $60: Moody’s

Saudi deficit could fall below 5 percent if oil averages $60: Moody’s

By Arab News ·
The Saudi government spent 212 billion riyals in the first three months of this year, a 6 percent annual reduction partly due to a significant cut in capital expenditure. (AFP/File Photo)

Saudi Arabia cuts Q1 deficit, reaping benefits of fiscal measures

By Reuters ·
Hotels surrounding the courtyards of the Grand Mosque in Makkah were on Tuesday authorized to issue Umrah permits to guests during Ramadan. (SPA/File)

Makkah hotels get green light to issue Umrah permits during Ramadan

By SPA ·
 Value-added tax (VAT) in Oman will provide the government 300 million Omani riyals revenues in 2021. (Shutterstock/File Photo)

Oman to get $780m revenues from VAT in 2021, $400m in 2022, says Ubhar CEO

By Arab News ·
Faisal bin Fadel Al-Ibrahim is the new Saudi minister of economy and planning

Faisal bin Fadel Al-Ibrahim is the new Saudi minister of economy and planning

By Arab News ·
UAE economy shrank 6.1% last year amid COVID-19 crisis -preliminary data

UAE economy shrank 6.1% last year amid COVID-19 crisis -preliminary data

By Reuters ·
Earlier this month, the Tadawul stock exchange announced it had become a holding company under the name Saudi Tadawul Group, with four subsidiaries. (AP/File Photo)

Saudi Tadawul holding company appoints financial advisors for IPO

By Arab News ·

Latest updates

Egypt’s economy to rebound from 2022, S&P Ratings says
Egypt’s economy to rebound from 2022, S&P Ratings says
Unmanned aerial surveillance system targets Iraqi air base: US-led coalition
Unmanned aerial surveillance system targets Iraqi air base: US-led coalition
Philippine troops drive away armed rebels from public market
Philippine troops drive away armed rebels from public market
Saudi Arabia, Pakistan sign agreement to establish Saudi-Pakistani Supreme Coordination Council
Saudi Arabia, Pakistan sign agreement to establish Saudi-Pakistani Supreme Coordination Council
Philippines, Egypt added to Oman’s travel ban list
Philippines, Egypt added to Oman’s travel ban list

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