Here’s what you need to know before Tadawul trading on Wednesday
RIYADH: Saudi stocks returned to positive territory after slipping steeply at the beginning of the week, however, major central banks’ interest rate hike…
Category: Business & Finance
TASI declines ahead of Fed rate decision: Opening bell
RIYADH: Saudi Arabia’s main index started lower on Wednesday as investors prepared for another large rate hike to be announced by the Federal…
Oil Updates — Crude ticks up; Colombia’s July oil output rose 2.3%; US senators urge sanctions on Russian oil
RIYADH: Oil prices ticked up on Wednesday on supply concerns, but expectations of another aggressive US interest rate hike capped gains amid investor…
SABB joins Arab Monetary Fund’s Buna payment system
RIYADH: The Saudi British Bank, known as SABB, has joined the ‘Buna’ payment system which specializes in providing clearing and settlement services in…
India’s Essar Group to invest $4bn in steel plant in Saudi Arabia
RIYADH: India’s multinational conglomerate Essar Group will invest SR15 billion ($4 billion) in a steel plant in Saudi Arabia, as the trade ties…
MENA Project Tracker— Kuwait Oil Co. invites bid for environmental project; Petrofac to help Oman in renewable secto
September 2022 HALA HISHAM KOURA September 20, 2022 18:25 777 CAIRO: Kuwait Oil Co. has started bids on a consultancy contract as part…
Mohammed Bin Rashid Aerospace Hub launches region’s first vertical aerospace complex
DUBAI: The Mohammed Bin Rashid Aerospace Hub (MBRAH) announced on Tuesday the completion of its Suppliers Complex, the first vertical aerospace complex in…
Spain, UK making headway on renewable energy, says climate report
NEW YERK: Germany, China, Spain and the UK are leading the world’s richest nations in the push toward renewable energy, a new report…
Saudi holdings of US Treasuries rise by $2.4bn in July
CAIRO: Saudi Arabia’s holdings of US Treasury bonds rose by $2.4 billion in July compared to June 2022, the US Treasury data showed….