- The discovery is one of the largest in the area in the past 20 years, and the field could contain...
The discovery is one of the largest in the area in the past 20 years, and the field could contain around 100 million barrels in reserves
The announcement was made on the sidelines of the ongoing Egypt Petroleum Show (EGYPS) 2022
- The final offer price was set at SR128 ($34.1) per share, the top end of an indicative range.
The listing comes amid a boom in the Saudi initial public offering market in a bid to enhance liquidity.
Owned by the Public Investment Fund, the company had earlier raised $820 mil in proceeds from an IPO.
- In spite of an increase in transport and food costs, inflation in Saudi hovered at 1.2 percent in January, according...
GASTAT said the 1.2 percent growth in the general consumer price index, or CPI, “resulted from higher prices of transport and food and beverages prices
In the food and beverages group – which has a 19 percent weighting in the general CPI — growth in food prices accelerated to 2.1 percent from 1.1 percent in December
- The government’s action prioritizes the completion of the regional electricity linkages with Egypt, Palestine, Iraq, and Lebanon.
The government’s action prioritizes the completion of the regional electricity linkages with Egypt, Palestine, Iraq, and Lebanon
The budget seeks to increase the coverage of domestic revenues for current expenditures this year to about 88 percent
- The rise was said to have been supported by growing demand and expanded efforts to enhance food security and diversify...
Imports, at $12.8 billion, accounted for the largest share of the UAE’s F&B trade during January-September 2021
This was followed by exports at $4.1 billion and re-exports at $3.3 billion over the same period last year
- In economically free societies, governments allow labor, capital, and goods to move freely.
Economic freedom may be described as the fundamental right of every human’ to control their own labor and property
In an economically free society, individuals are said to be free to work, produce, consume, and invest in any way they please
- Dubai Electricity and Water Authority (DEWA) has said the production capacity of Hassyan Power Complex reached 1,200 megawatts (MW), using...
A further 600 MW will be added in Q4 of 2022, and an additional 600 MW will be added by Q3 of 2023.
This will raise the capacity of Hassyan Power Complex, which has been converted recently to run only on natural gas instead of clean coal, to 2,400MW.
- One in every 40 Jordanians is an engineer, making Jordan the country with the most engineers per capita globally.
One in every 40 Jordanians is an engineer, making Jordan the country with the most engineers per capita globally
Ahmad Zu'bi, who is the President of the Jordan Engineers Association, said Saudi Arabia and its companies in various engineering fields appreciate Jordanian engineers
- The pandemic, digitalization, change in employee priorities and new government policies in the region have influenced the most in-demand jobs,...
About 78 percent of professionals in the UAE are considering changing their jobs this year
About 48% expected an improved salary, while 45% hoped that opportunity to learn new skills will help them in switching jobs
- Bangladesh wants to establish a direct shipping line with the UAE, which will reduce the existing navigation time by two...
Foreign Minister of Bangladesh AK Abdul Momen, on a four-day official visit to the UAE, said Bangladesh is keen to utilize the UAE’s expertise in port management.
The bilateral trade between two countries in 2021 stood at $1.8 billion, Momen said, adding that a direct shipping line would help multiply it several times.





















