Sanad, the global aerospace engineering and leasing solutions leader wholly owned by Abu Dhabi’s sovereign investor Mubadala Investment Company PJSC (Mubadala), solidified its partnership with Asiana Airlines, the second largest airline in South Korea, through a five-year contract extension...
The Organisation of the Petroleum Exporting Countries (OPEC) said on Thursday that world oil demand will rise by 2.25 million barrels per day (bpd) in 2024 and by 1.85 million bpd in 2025, Reuters reported. In its monthly report, OPEC predicted robust fuel use in the summer months and stuck to ...
The General Authority of Civil Aviation (GACA) will organize the third edition of the Future Aviation Forum (FAF 2024) on May 20-22, in Riyadh, under the patronage of the Custodian of the Two Holy Mosques, King Salman, Saudi Press Agency reported. More than 5,000 aviation experts...
The Communications, Space and Technology Commission (CST) is working to inventory and evaluate communications services for projects and facilities, the authority said in a circular to the Saudi chambers. While taking into account the current situation, a survey was prepared in this ...
The Ministry of Commerce stated that the number of commercial registers for fast-food sector in Saudi Arabia increased by 17% year-on-year (YoY) to 44,800 by the end of 2023, Al Eqtisadiah newspaper reported. Riyadh dominated the largest number of registers reaching 13,644. It was...
The Social Development Bank (SDB) collected SAR 114 billionfrom the total loans worth SAR 155 billion offered to citizens, Al Eqtisadiah newspaper reported, citing CEO Sultan Al-Hamidi. He added that the total loans offered to females since the bank's establishment reached nearly...
The Organization of the Petroleum Exporting Countries (OPEC) continues to expect oil demand to grow by 2.2 million barrels a day (bpd) in 2024 and by 1.8 million bpd in 2025, unchanged from its previous estimates. Meanwhile, the organization lowered its expectation for non-OPEC...
Saudi Arabian Oil Co. (Saudi Aramco) stated that it intends to disclose its Q1 2024 financials before the start of trading on the Saudi Exchange (Tadawul) on May 7. In a statement, the oil giant added that it will also discuss the three-month results in an audio webcast at 3:30 pm...
Gold prices rose today, April 9, hovering near their lifetime high, supported by firm central bank buying, while investors are watching out for the Federal Reserve's policy meeting minutes and US. The gold spot prices edged up 0.3% to $2,345.09 per ounce at 0621...
The Riyadh Region Municipality invited qualified contracting companies with distinguished competence in the fields of implementing and developing roads, to submit their qualification applications. In a statement, the municipality stated that the applications will be submitted via...