Author: Steven Sahiounie

RIYADH: The global market for carbon removal credits could reach $100 billion annually between 2030 and 2035, up from just $2.7 billion last year

Saudi Aramco has discovered “two unconventional oil fields, a reservoir of light Arabian oil, two natural gas fields, and two natural gas reservoirs”: energy minister

RIYADH: Saudi Arabia’s sovereign wealth fund has reported strong financial results for 2023, achieving revenues of SR331 billion ($88.3 billion) from its diverse investment portfolio, marking over 100% percent growth from 2022.

RIYADH: Loans by Saudi Arabia’s banking sector increased to SR2.72 trillion ($726.44 billion) in May, marking an annual 11.14 percent rise, official data showed. 

EU companies are signing investment deals potentially worth more than 40 billion euros ($42.85 billion) with Egypt, European Commission President Ursula von der Leyen told an investment conference that opened on Saturday.

India’s opposition Congress urged Prime Minister Narendra Modi’s government on Saturday to question Foxconn about its hiring practices

A limited fire broke out in a storage area belonging to Kuwait’s al-Zour refinery, but production was not affected, state-owned Kuwait Integrated Petroleum Industries Company (KIPIC) said on Saturday.

Warren Buffett donated another $5.3 billion of Berkshire Hathaway stock to the Bill & Melinda Gates Foundation and four family charities, his biggest annual donation since he began making them in 2006.

The US Supreme Court ruled that former US President Donald Trump, who is again running for the country’s top public office, has partial immunity from prosecution. “At least with respect to the president’s exercise of his core constitutional powers, this immunity must be absolute,” the ruling said. “As for his remaining official actions, he is entitled to at least presumptive immunity.” There is no immunity for unofficial acts, the court determined. The court also overturned a previous ruling by an appeals court that said Trump was not immune from prosecution in the case of alleged illegal attempts to hold on…

Syrian Ambassador to the Kingdom of Saudi Arabia , Ayman Sousan , met deputy Minister of foreign Affairs,Waleed bin Abdulkarim El-Kheriji. Talks during the meeting dealt with means of boosting bilateral relations between the two brotherly countries. The two sides expressed satisfaction with the steady development of relations between the two countries and the will and desire to strengthen them at all levels. Source: SANA