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…
Category: Business & Finance
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…
Twitter to interview Elon Musk, known for combative testimony
Billionaire Elon Musk’s tendency to dish out insults while being questioned under oath will be tested anew this week, when lawyers for Twitter…
Gas from Russia’s Nord Stream 2 pipeline leaks into Baltic Sea
Danish authorities on Monday asked ships to steer clear of a five nautical mile radius off the island of Bornholm after a gas…
Shell sees 2024 global demand for aviation fuel return to level before pandemic
Global aviation fuel demand is expected to fully recover to pre-pandemic levels of 300 mln tons per year in the next one to…
Oil Updates — Crude slightly up; Iraq minister says OPEC monitoring oil prices; Qatar oil industry faces inflationary pressures
Oil prices rose on Tuesday, after plunging to nine-month lows a day earlier, on indications that the Organization of the Petroleum Exporting Countries,…
Saudi Capital Market Authority approves 3 new IPOs as listing wave continues
Saudi Arabia’s Capital Market Authority approved three initial public offerings in the midst of a listing wave on the Saudi bourses. The market…
War in Ukraine drags on global economy into 2023, OECD says
Russia’s war in Ukraine and the lingering effects of the COVID-19 pandemic are dragging down global economic growth more than expected and driving…
MBC Group and Dubai Business Women Council host Women in Media forum
The Dubai Business Women Council organized the “Women in Media” forum in collaboration with MBC Group, to discuss the role that media organizations…