Saudi-listed Arriyadh Development acquires $44m tower in Riyadh
The Saudi-listed developer, Arriyadh Development Co., has acquired a commercial building at SR168 million ($44.7 million) in the north of Riyadh, according to…
Category: Business & Finance
Europe faces long-term pain from energy crisis: Shell CEO
.QatarEnergy names Shell partner for LNG expansion project Europe faces painful “industrial rationalization” due to its energy crisis that risks political trouble, the…
Airbus eyes Saudi deal for almost 40 A350 jets — sources
Saudi Arabia is in advanced negotiations to order almost 40 A350 jets from Europe’s Airbus as part of strategic efforts to launch a…
Saudi Crown Prince unveils initiatives to position KSA as global supply chain hub UPDATE
.Initiative seeks to attract SR40 billion worth of investments in launch phase .Unique incentives budget set to draw international investors Saudi Arabia’s Crown…
Global markets — Shares slip, dollar surges as US yields march on
US Treasury yields held near multiyear highs on Friday, with markets seeing no end to tightening from the Federal Reserve, causing shares to…
‘Emotional dialogue’, not science, dominating climate change debate, warns Saudi envoy of climate affairs
“Feelings and emotions” are dominating the debate around climate change instead of logic and science, the Saudi envoy of climate affairs has warned…
G20 finance leaders discuss key threats to the global economy
.‘It’s not an exaggeration to say the world is in danger,’ said Sri Mulyani Indrawati, finance minister of Indonesia, which holds the G20…
Oil edges up on weaker dollar, low US diesel stocks
.Brent, WTI contracts on track for weekly decline .Distillates draw down, US crude stockpiles surge — EIA .OPEC+’s output cut to keep supporting…
Saudi Arabia awards Moxico Resources and Ajlan & Bros Al-Khunayqiyah mining project
The consortium of Moxico Resources and Ajlan & Bros. won the license for the exploration of Saudi Arabia’s Al-Khunayqiyah mining site project, where…