Oil Update: A Two-Session Streak is Expected to End as Prices Decline
Due to mounting supply threats amid simmering Middle East tensions, oil prices dipped in choppy trade on Thursday and appeared set to end a...
By May, UAE Banks will Lend $232 Billion to the Business and Industrial Sectors
By the end of May, UAE banks had extended loan facilities to the business and industrial sectors totaling 851.87 billion dirhams ($231.93...
Djibouti and Saudi Arabia Investigate a New Marine Project to Improve Commercial Ties
A major new marine project is being formed by Saudi Arabia and Djibouti with the goal of enhancing trade and commercial relations between...
Inflation in Egypt Drops to 25.7% in July
Egypt’s statistics office CAPMAS said on Thursday that the country’s annual urban consumer price inflation dropped to 25.7...
Saudi Ports Report a 15.72% Increase in July Cargo Handling
According to official statistics, container throughput at Saudi Arabia’s ports increased by 15.72 percent in July over the same month...
UK Government Says 6,000 Police are Ready to Put an End to Unrest
6,000 specialized police personnel were prepared to handle far-right rioting that erupted after the murder of three youngsters, sparking a...
Updates on Oil: Prices Rise 1% Due to Fears that a Larger Conflict in the Middle East Could Reduce Supply
Tuesday saw a 1% increase in oil prices, offsetting the previous session’s loss due to supply concerns raised by the worsening Middle...
Banking Assets in Qatar Increase by 1.2%
June saw a 1.2 percent monthly expansion in Qatar’s banking assets, which totaled 1.99 trillion Qatari riyals ($546.4 billion),...
US Electric Vehicle Manufacturer Lucid Group Receives $1.5 Billion from PIF
The primary stakeholder of US automaker Lucid Group, Ayar Third Investment Co., a unit of Saudi Arabia’s Public Investment Fund, has...
Oracle Strengthens Saudi Arabia’s AI Economy by Launching the Country’s Second Public Cloud Area
As part of a $1.5 billion commitment to improve Saudi Arabia’s digital infrastructure, technology company Oracle Corp. has opened its...
