Aramco Reported a Q2 Net Profit of $29.1 Billion, Up 6.59%
Despite difficult market conditions, Saudi oil company Aramco announced a net profit of $29.1 billion for the second quarter of 2024, a...
Aramco Increases the Price of Arab Light Crude in Asia
For September, Saudi Aramco has raised the price of Arab Light crude oil sold to Asia from +$1.80 per barrel in August to Platts Dubai/DME...
Egypt Reports a Decrease in the Trade Deficit of 10.3%
According to official figures, Egypt’s trade balance deficit decreased by 10.3 percent in May thanks to exports of fruit, clothing,...
Bank Loans in Saudi Arabia Rise by 11% to $734 Billion
According to official figures, Saudi Arabia’s banking sector loans grew to SR2.75 trillion ($733.82 billion) in June, representing an...
Saudi Non-Oil Business Activity is Stable, With the July PMI Standing at 54.4
According to an economy tracker, Saudi Arabia’s non-oil private sector had strong growth in July, propelled by ongoing demand and...
Oil Updates: Due to Concerns About Demand, Prices are Expected to Drop for the Fourth Week in a Row
Global Oil Prices: Although oil prices increased on Friday, they were headed for their fourth straight weekly fall as indications of the...
A New Era in Trade Relations Between Saudi Arabia and India is Heralded with an Investment Task Force Conference
The first-ever High-Level Task Force on Investments between Saudi Arabia and India has advanced trade and commercial ties. This week has...
GCC Investors Anticipate Investing more than $4 Billion a Year in the UK’s Commercial Real Estate Market: BLME
According to a recent estimate, the positive economic conditions in the UK are projected to attract investors from the Gulf Cooperation...
Residential Property Sales in Dubai have Increased by more than 33%, According to Brokerage Firm
As per a leading brokerage company, the number of residential property transactions in Dubai during the first half of 2024 increased by...
Flynas Reports Unprecedented Performance with a 47% Rise in Passengers
Flynas, the low-cost airline based in Saudi Arabia, saw a record-breaking 47 percent rise in passengers in the first half of 2024,...
