Ma’aden among firms bidding for Umm Ad Damar mining exploration license
Saudi Arabia’s Ministry of Industry and Mineral Resources has received two bids for the Umm Ad Damar exploration license in Madinah, according to…
Category: Business & Finance
IMF projects MENA growth at 5% in 2022, GCC to outperform
The International Monetary Fund projects Middle East and North African gross domestic product will grow by 5 percent this year, up from 4.1…
Saudi Arabia issues 52 new mining licenses in August
Saudi Arabia’s Ministry of Industry and Mineral Resources issued 52 new mining licenses in August 2022, according to a statement. Out of the…
Saudi retailer Jarir Bookstore’s shares open higher despite profits drop to $187m
Shares of Saudi Jarir Marketing Co., known as Jarir Bookstore, gained 0.36 percent at the opening of Thursday, despite a decline in first-nine…
Egypt is set to take part in developing Gaza’s offshore gas field: officials
Egypt is aiming to take over development of Gaza’s offshore natural gas field, Egyptian and Palestinian officials said, in what would be a…
Dubai’s residential market sees transaction rise of 33%: CBRE
Dubai’s residential market saw year-on-year transactions rise 33.4 percent in September, primarily driven by off-plan and secondary market sales, according to commercial real…
OPEC+ oil supply cuts could tip world into recession, IEA says
A decision by the Organization of the Petroleum Exporting Countries and its allies last week to rein in output has driven up prices…
ACWA Power partners with Kepco to explore green hydrogen, ammonia projects
Saudi Arabian utility firm ACWA Power has signed a memorandum of understanding with Korea Electric Power Corp., known as Kepco, to explore the…
Oil steady as focus turns to US economic data
Oil prices steadied on Friday ahead of key US economic data after rising over 1 percent in the last session on cuts to…