Oil Update: US Crude Inventory Declines, Prices Rise Due to Worries About a Middle East Conflict
According to Reuters, oil prices increased on Wednesday as the market braced for a potential escalation of the Israel-Gaza conflict, which...
ACWA Power Signs Agreement for First Floating Photovoltaic Project in Indonesia
For its first floating solar photovoltaic project in Indonesia, state-owned PT Perusahaan Listrik Negara and Saudi-listed ACWA Power have...
Saudi POS Spending Reaches $3 Billion, with the Education Sector Leading the Way
According to official figures, Saudi Arabia’s point-of-sale spending during the week of August 4–10, reached SR13.09 billion ($3.48...
GCC’s Islamic Insurance Market is About to Take Off Thanks to Saudi Arabia: Report
According to S&P Global, Saudi Arabia is expected to be the leader in the expansion of Islamic insurance in the Gulf Cooperation...
MSCI’s Global Small-Cap Indexes Now Include Three Additional Saudi Businesses
Three Saudi firms have been added to the global and small-cap indexes of MSCI Inc., a prominent provider of research-based indexes and...
The IEA Keeps its Demand Growth Prediction for 2024 at 970,000 bpd
Due to the conclusion of China’s post-COVID economic recovery, the International Energy Agency has maintained its 970,000 barrel per...
MENA Startup Funding Surges 206% in July to $355 Million
According to current data, venture capital investments in the Middle East and North Africa hit $355 million in July, up 206 percent from...
German Envoy Attends the Falcon Auction in Riyadh
Michael Kindsgrab, the German ambassador to Saudi Arabia, visited the International Falcon Breeders Auction. The Saudi Falcons Club is...
In the First Half of 2024, Oman’s Real Estate Trading Surpasses $3.66 Billion
In the first half of this year, the overall transaction value of Oman’s real estate sector was 1.40 billion Omani rials ($3.63...
China is Used by OPEC to Lower their Prediction for Oil Demand Growth in 2024
Due to less optimistic data for the first half of the year and lower expectations for China, OPEC on Monday lowered its prediction for the...
