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...
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...
Baha’s Rich Legacy Includes Saudi Carpentry
The proverb “A trade in hand ensures against poverty” has a long history in the Baha region. It is primarily attributed to...
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,...
