Madrid, Spain - Spain's government has acquired a three-percent stake in telecoms giant Telefonica following concerns over a Saudi firm taking...
Abu Dhabi, UAE--The Organisation of the Petroleum Exporting Countries (OPEC) has called for increased investments in the oil industry to...
The first shipment of Ukrainian grain left the port of Odessa on Monday morning, Turkey announced, as Kyiv said the...The blockage of deliveries from warring Russia and Ukraine -- two of the world's biggest grain exporters -- has contributed to soaring food prices
The Joint Coordination Center, the organization overseeing the grain exports, said the Razoni is carrying "over 26,000 metric tonnes" of maize
The city, with a rich history of trading with the world through sea, looks to emerge as one of the...The investment to the tune of $38 million will go into building a network for sewerage, fire, storm water, telecommunication and roads
The new work on the infrastructure is in line with the Dubai Maritime Vision 2030, positioning the city to emerge as a premier international maritime hub
Haitham Al-Ghais of Kuwait has taken over as the new secretary general of the Organization of the Petroleum Exporting Countries...He is the first Kuwaiti to hold the position of OPEC chief, and will head the group for three years
The Kuwaiti oil executive will replace Nigerian Mohammad Barkindo, who died in July
Libya's oil production has returned to the volume recorded before a months-long blockade that paralysed the economy, official sources said...Oil production fell to around 400,000 barrels of crude per day during the mid-April to mid-July blockade
On July 15, Libya's new oil chief lifted force majeure at all the country's oil fields and export terminals
The profits grew by 38 percent to $252 million.The Group maintained its strong capital base with a total equity of $10.2 billion.
The Group loan portfolio grew by 6 percent to reach $35.7 billion as of June 30, 2022 compared to $33.8 billion for the same period last year.
The four-day Grape and Seasonal Fruit Festival began in Asir region of Saudi Arabia on Sunday. The festival will be...The festival will be attended by 35 farmers who will display the products of their own farms, such as numerous varieties of grapes.
The date of the festival coincides with the Abha Summer Festival 2022.
A spokesman for the Turkish presidency said there was a "high probability" that a first ship carrying Ukrainian grain could...The resumption of exports was discussed in talks between the Turkish and Ukrainian defense ministers
A Joint Coordination Centre is charged with controlling Ukrainian grain exports via the Black Sea
Saudi General Authority of Civil Aviation (GACA) signed a Memorandum of Understanding (MOU) with Poland to organize the operational framework...From the Saudi side, Ali Rajab, Executive Vice President at GACA -Economic Policies & International Cooperation signed the MoU
From the Polish side, Piotr Samson, President of the Polish Civil Aviation Authority inked the pact in Warsaw
Saudi Arabia's year-on-year economic growth in the second quarter was 11.8 percent compared to the same period last year, according...Saudi Arabia's year-on-year economic growth in the second quarter was 11.8 percent compared to the same period last year
The Middle East's largest economy has benefited from a spike in oil prices triggered by Russia's invasion of Ukraine
The Hamriyah Free Zone Authority (HFZA) has partnered with Rafid Automotive Solutions to establish an integrated technical center within the...The center will provide vehicle repair, maintenance, inspection, as well as registration services and roadside assistance.
The agreement will also fuel the effort by both parties to upgrade their services to investors in free zones, HFZA said.
