Business & Money | Friday 12 April, 2024 6:42 am

OPEC maintains oil demand forecast for 2024

The Organization of the Petroleum Exporting Countries (OPEC) continues to expect oil demand to grow by 2.2 million barrels a day (bpd) in 2024 and by 1.8 million bpd in 2025, unchanged from its previous estimates.   Meanwhile, the organization lowered its expectation for non-OPEC...

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Business & Money | Thursday 11 April, 2024 8:34 am

Aramco plans to post Q1 2024 financials on May 7

Saudi Arabian Oil Co. (Saudi Aramco) stated that it intends to disclose its Q1 2024 financials before the start of trading on the Saudi Exchange (Tadawul) on May 7.   In a statement, the oil giant added that it will also discuss the three-month results in an audio webcast at 3:30 pm...

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Business & Money | Thursday 11 April, 2024 8:32 am

Gold hovers near all-time high as market focus turns to US data

Gold prices rose today, April 9, hovering near their lifetime high, supported by firm central bank buying, while investors are watching out for the Federal Reserve's policy meeting minutes and US.   The gold spot prices edged up 0.3% to $2,345.09 per ounce at 0621...

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Government | Thursday 11 April, 2024 8:26 am

Riyadh Municipality starts receiving qualification applications for future projects

The Riyadh Region Municipality invited qualified contracting companies with distinguished competence in the fields of implementing and developing roads, to submit their qualification applications.   In a statement, the municipality stated that the applications will be submitted via...

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Business & Money | Thursday 11 April, 2024 8:24 am

Tomoh drives 21 companies to list shares on Nomu: Monsha’at

The Small & Medium Enterprises General Authority (Monsha'at) said that Tomoh Program supported 21 companies to list shares on Nomu-Parallel Market since its launch in June 2020 until the end of the first quarter of 2024, Al-Eqtisadiah newspaper reported.   The program relies ...

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Business & Money | Wednesday 10 April, 2024 6:07 am

China's new international land-sea trade corridor records $8.9 billion in TEUs transported

The New International Land-Sea Trade Corridor (ILSTC), which runs through the western part of China, is rapidly expanding, serving as a vital connection between the Silk Road Economic Belt, the 21st-Century Maritime Silk Road, and the Yangtze River Economic Belt. According to the People's...

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Business & Money | Wednesday 10 April, 2024 6:06 am

Forbes Middle East reveals Middle East’s Most Valuable Banks 2024

Forbes Middle East has revealed its ‘30 Most Valuable Banks’ ranking, featuring the resilient, profitable, and customer-centric banking titans in the region.As of February 23, 2024, the 30 banks had a combined value of US$581.1 billion, up 14 percent over the last 12 months. Gulf entities...

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Business & Money | Wednesday 10 April, 2024 5:28 am

KSA preferred gateway for Chinese firms in ME, GCC: Chinese Ambassador

Saudi Arabia has become the preferred gateway for Chinese companies to enter the Middle East and GCC markets, Al Eqtisadiah newspaper reported, citing Chinese Ambassador to Saudi Arabia Chen Weiqing.   Chinese and Saudi economies are highly integrated and have enormous potential for...

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Business & Money | Wednesday 10 April, 2024 5:26 am

Inbound containers rise 12.5% in March: MAWANI

The Saudi ports reported a 12.48% increase in the number of inbound containers to 265,148 TEUs in March, compared to 235,738 TEUs in the same month last year.   In a statement, the Saudi Ports Authority (MAWANI) said that outbound containers also rose by...

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Sports | Tuesday 9 April, 2024 1:57 am

Saudi Sports for All Celebrates Tremendous Success of Ramadan Tournaments

Saudi Sports for All (SFA) proudly announces the resoundingsuccess of its series of Ramadan tournaments, culminating in an unprecedented celebration ofsportsmanship, community, and healthy living across the Kingdom.The SFA Ramadan Domes tournament, held in Dammam, witnessed an...

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