Japan energy minister emphasizes importance of Saudi and Arab suppliers
.Japan depended on the Middle East for 95 percent of its oil in August and 98 percent in July Japan’s Minister of Economy,…
Category: Business & Finance
Saudi IT firm solutions by stc acquire Egypt’s Giza Systems
Arabian Internet and Telecommunication Co., known as solutions by stc, has completed all necessary procedures to acquire a $158 million stake in Egypt’s…
Oil Updates — Crude up; OPEC+ cancels technical meeting; Norway posts soldiers at oil plants
Oil prices edged up on Tuesday as expectations that the Organization of the Petroleum Exporting Countries and its allies, known as OPEC+, may…
Saudi Arabia’s non-oil economy maintains growth as PMI hits 56.6%: S&P
Saudi Arabia continues to maintain ongoing expansion in its non-oil economy as both of its key indicators — output and new orders —…
Market capital of Saudi Exchange jumps 8% to hit $3tn in first 9 months
Saudi Exchange’s market capitalization jumped over 7.5 percent to reach SR10.8 trillion ($2.8 trillion) at the end of the first nine months of…
Credit Suisse fights for survival as default swaps hit highest level in 10 years
Switzerland-based global investment bank and financial services firm Credit Suisse is fighting for its survival after the credit default swaps jumped 6 basis…
TASI gains ahead of OPEC+ meeting: Opening bell
The Saudi main index rose in Monday’s trading session as investors awaited the meeting of the Organization of the Petroleum Exporting Countries Plus…
Oil Updates — Crude climbs; Shell to invest in Malaysia oil; Genel Energy appoints new CEO
Oil prices jumped nearly 3 percent on Monday, as the Organization of the Petroleum Exporting Countries, known as OPEC+, considers cutting output by…
Saudi real GDP expected to rise by nearly 8 percent, say analysts
.Inflation is predicted to be 2.6 percent and 2.1 percent in 2022 and 2023 respectively: Al Rajhi Capital Saudi Arabia’s budgeted revenues for…