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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 ·
Economy and Planning Minister Faisal Al-Ibrahim (L), Saudi Energy Minister Prince Abdul Aziz bin Salman (C) and Finance Minister Mohammed Al-Jadaan at the 4IR forum. (Screenshots)

Saudi Arabia to use 4IR to transform energy sector, fight climate change

By Frank Kane and Jana Salloum and Ryana Alqubali and Ameera Abid ·
New center to lead Saudi role in ‘4th industrial revolution’, economic minister says

New center to lead Saudi role in ‘4th industrial revolution’, economic minister says

By Arab News ·
Update Fitch Ratings, the leading global credit rating agency, has revised its Saudi Aramco outlook to stable from negative. (Reuters/File Photo)

Fitch revises Saudi Aramco’s outlook to stable as oil prices rise

By Jana Salloum ·
Kuwait to spend $65.1 billion on 19 strategic projects

Kuwait to spend $65.1 billion on 19 strategic projects

By Arab News ·
Fuel and food prices push June Saudi inflation to highest this year

Fuel and food prices push June Saudi inflation to highest this year

By Arab News ·
Update Saudi private sector credit boost spurs recovery from pandemic: SAMA governor

Saudi private sector credit boost spurs recovery from pandemic: SAMA governor

By Arab News ·
Saudi Ports Authority (Mawani) announced the launch of a new shipping service from Jeddah Islamic Port earlier this year. (Supplied)

Saudi Mawani awards 20-year contract for silos at $98.6m

By Arab News ·
UAE is still in discussions with Saudi Arabia and other OPEC+ members for better terms under the current agreement that will expire in April 2022. (Reuters/File Photo)

UAE is still in talks with Saudi Arabia over OPEC+ deal

By Arab News ·
Special Two Lebanese public hospitals to shut as crisis pushes sector to the edge

Two Lebanese public hospitals to shut as crisis pushes sector to the edge

By Georgi Azar ·
Kuwait plans taxes and sovereign bonds to balance budget, says minister

Kuwait plans taxes and sovereign bonds to balance budget, says minister

By Arab News ·
Commercial International Bank (CIB)’s consolidated revenues amounted to 6.36 billion, reflecting a 2 percent year-on-year increase. (CIB)

Egypt’s largest private bank nets huge profits in Q2

By Arab News ·
Bitcoin traded lower on Monday, falling 1.05 percent to $33,360 at 4:24 p.m. Riyadh time. (Shutterstock/File Photo)

Cryptocurrency update: June trading volumes on major crypto exchanges down 40%

By Ryana Alqubali ·

Latest updates

Olympic gold medals in weightlifting, high-jump marks historic day for Qatar
Qatar's Mutaz Barshim and Faris Ibrahim El-Bakh made history for their country by claiming the first ever Olympic gold medals in history just a few hours apart. (AFP)
Egypt suffers double defeat in Olympic Table Tennis Team competitions
The men’s duo of Ahmed Saleh and Khalid Assar (pictured) went down 3-0 (11-4,11-7,11-3) in 16 minutes to the powerful Chinese pairing of Long Ma and Xin Xu. (AFP)
ArcelorMittal takes over TAQA’s JESCO
ArcelorMittal takes over TAQA’s JESCO
Bitcoin tops $41,000 as cryptocurrencies rally after weeks-long downtrend
Bitcoin tops $41,000 as cryptocurrencies rally after weeks-long downtrend
Five dead in ambush on Hezbollah mourners south of Beirut
Five dead in ambush on Hezbollah mourners south of Beirut

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