Germany resumes arms sales to KSA with missile deal BERLIN: Germany on Wednesday said it had approved the sale of missiles to Saudi Arabia, ending a blockade on direct... Published 11 Jan, 2024 06:15am
World Saudi Arabia says focused on all kinds of energy, not just oil RIYADH: Saudi Arabia is taking climate change issues seriously and has shifted its focus to all kinds of energy, not... Published 10 Jan, 2024 03:21pm
Markets Saudi Arabia allocates $182mn for mineral exploration incentives RIYADH: Saudi Arabia has created a mineral exploration incentive programme with a budget of over $182 million, the... Updated 10 Jan, 2024 03:18pm
Pakistan Pakistan’s remittances clock in at $2.4bn in December, up 5.4% from November Inflow 13.4% higher on yearly basis, Saudi Arabia remains biggest source of remittances in December Updated 10 Jan, 2024 10:36pm
Pakistan Defence collaboration discussed with KSA, Turkiye ISLAMABAD: Pakistan, Saudi Arabia, and Turkiye, on Monday, discussed a prospective collaboration in defence... Updated 10 Jan, 2024 09:43am
Markets Saudi Arabia tries to thread the needle between crude output, prices: Russell LAUNCESTON: Saudi Aramco’s decision to cut the price of its crude for Asian customers shows just how difficult it is... Published 09 Jan, 2024 12:50pm
World KSA plans benchmark-sized three-tranche bond DUBAI: Saudi Arabia plans to tap global debt markets on Monday with the sale of a triple-tranche bond with tenors of... Published 09 Jan, 2024 04:18am
World Germany ready to sell Eurofighter jets to Saudi Arabia OCCUPIED JERUSALEM: Chancellor Olaf Scholz’s government on Monday defended plans to lift Germany’s longstanding veto... Published 08 Jan, 2024 05:55pm
Pakistan Hajj agreement reached with KSA RIYADH: Pakistan and Saudi Arabia reached the annual Hajj agreement on Sunday. Interim Religious Minister Aneeq ... Published 08 Jan, 2024 05:23am
Business & Finance Saudi Arabian companies warn Aramco fuel price hike may curb earnings DUBAI: Scores of Saudi Arabian companies said their earnings could be dampened this year as production costs will... Published 08 Jan, 2024 05:23am
Markets Saudi Arabia cuts Feb Arab Light crude price to Asia to 27-month low SINGAPORE: Top oil exporter Saudi Arabia on Sunday cut the February price of its flagship Arab Light crude to Asian... Updated 07 Jan, 2024 09:19pm
World Saudi Arabia estimates 2024 financing needs at $23bn DUBAI: Saudi Arabia estimates financing needs of about 86 billion riyals ($22.93 billion) in 2024 under a borrowing... Published 04 Jan, 2024 06:00pm
Markets Saudi Arabian companies warn Aramco fuel price hike may curb earnings DUBAI: Several Saudi Arabian companies released regulatory filings late on Wednesday and Thursday saying that state... Published 04 Jan, 2024 01:27pm
Business & Finance Saudi Arabia may cut price premium on all crude grades SINGAPORE: Saudi Arabia may slash price premiums on all crude grades it sells to Asia in February to one-year-lows... Published 04 Jan, 2024 05:41am
World Saudi non-oil business activity expands in Dec, new orders jump DUBAI: Non-oil business activity in Saudi Arabia grew solidly in December, a survey showed on Wednesday, with new... Published 03 Jan, 2024 10:03am
World Saudi Arabia officially joins BRICS bloc DUBAI: Saudi state TV said on Tuesday that the kingdom had officially joined the BRICS bloc of countries. Saudi... Published 02 Jan, 2024 08:36pm
World Saudi Arabia executes 170 people in 2023 DUBAI: Saudi Arabia executed 170 people in 2023, including four on New Year’s Eve — an increase on the previous... Published 02 Jan, 2024 05:21am
Business & Finance Saudi sovereign wealth fund splashes cash in 2023 LONDON: Saudi Arabia’s Public Investment Fund accounted for about a quarter of the almost $124 billion spent by... Published 01 Jan, 2024 11:07am
Markets Saudi Arabia buys wheat in tender DUBAI: Saudi Arabia bought 1,353,000 metric tons of wheat in a tender, the General Food Security Authority (GFSA)... Published 31 Dec, 2023 03:04am
Sports Saudis ready to play long game to realise dream LONDON: A seismic year for soccer in Saudi Arabia witnessed the turbo-charging of its domestic league with expensive... Published 28 Dec, 2023 11:19am
Markets Major Gulf bourses mixed in early trade Major stock markets in the Gulf were mixed in early trade on Tuesday on optimism that the US Federal Reserve would... Published 26 Dec, 2023 01:31pm
World Gulf states welcome UN-led peace push for war-torn Yemen DUBAI: Gulf Arab states, including Saudi Arabia, on Monday welcomed new commitments by Yemen’s warring parties to... Published 26 Dec, 2023 04:30am
Opinion Govt’s quest for FDI: the way forward Foreign direct investment (FDI) has been crucial in supporting developing economies to participate in global trade ... Updated 23 Dec, 2023 07:06am
Markets Oil perks up as Red Sea tensions spark investor jitters LONDON: Global oil benchmark Brent topped $80 a barrel on Wednesday amid jitters over global trade disruption and... Updated 20 Dec, 2023 05:11pm
Markets Saudi Arabia buys 1,353,000 tons of wheat in tender DUBAI: Saudi Arabia bought 1,353,000 metric tons of wheat in a tender, the General Food Security Authority (GFSA)... Published 18 Dec, 2023 01:52pm
World World leaders arrive in Kuwait to pay respects after emir’s death KUWAIT: Foreign dignitaries arrived in the Gulf state of Kuwait to offer condolences for the death of emir Sheikh... Published 18 Dec, 2023 10:12am
World Iran lifts visa rules for 33 countries including Gulf states DUBAI: Iran said it was lifting visa requirements for 33 countries, including Gulf states like Saudi Arabia with... Published 15 Dec, 2023 03:12am
Print OPEC+ cartel’s grip on oil market loosening: IEA PARIS: Slowing demand growth and rising US crude production will make it more difficult for OPEC+ to continue to... Updated 15 Dec, 2023 09:22am
Business & Finance Saudi inflation in November rises slightly to 1.7% RIYADH: Saudi Arabia’s annual inflation rate rose to 1.7% in November from 1.6% the previous month, government data... Published 14 Dec, 2023 12:14pm
World White House’s Sullivan discusses Gaza war with Saudi crown prince WASHINGTON: White House national security adviser Jake Sullivan met with Saudi Crown Prince Mohammed bin Salman in... Published 14 Dec, 2023 11:58am
Pakistan’s pharma sector can increase exports to $3bn in five years, but it ‘needs policy, govt support’