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…
Category: Business & Finance
Diriyah Gate, National Housing Co. join efforts to enhance Saudi housing sector
Diriyah Gate Development Authority has signed a memorandum of understanding with the Saudi National Housing Co. to enhance cooperation in common areas that…
Chipmakers weigh on European shares; focus on US jobs data
European shares slipped on Friday, led by semiconductor firms after weak earnings and forecasts from Samsung and Advanced Micro Devices, while recession fears…
Britain launches oil, gas licensing round to boost domestic supply
Britain launched its first oil and gas exploration licensing round since 2019 on Friday to try and boost domestic hydrocarbon output as Europe…
Tawadul Group awards $36.7m contract for fit-out works in new HQ in KAFD
Tadawul Group Holding Co. has awarded a SR137.98 million ($36.7 million) contract for fit-out works to its new headquarters in King Abdullah Financial…
OPEC+ output cut decision to sustain markets, not raise prices: Saudi Energy Minister
Saudi Arabia’s Minister of Energy has insisted an agreement to cut oil production by two million barrels per day was made to sustain…
OPEC+ agrees output cut of 2 million barrels per day despite US concerns
.OPEC+ fell about 3.6 million bpd short of its output target in August Oil prices edged up after the Organization of the Petroleum…
Egypt’s non-oil economy under strain as inflationary pressure grows: S&P Global
Business conditions in Egypt’s non-oil economy continue to be under strain with the country’s Purchasing Managers’ Index staying unchanged at 47.6 in September…
Anaam International’s shares rise as it plans $42m capital increase
Saudi poultry processing firm Anaam International Holding Group’s board recommended an increase in capital of SR158 million ($42 million) through a rights issue,…