Author: Steven Sahiounie

TOKYO: Oil prices rose in early Asian trading on Monday on concerns over tighter global supply brought about by escalating conflicts in the Middle East and between Russia and Ukraine, while a shrinking US rig count added to upward price pressure, according to Reuters.

MoUs outline enhanced collaboration in the future of transportation and road maintenance sectors

RIYADH: A 38-suite resort in AlUla is a step closer to completion after the city’s royal commission announced the inaugural rock excavation at the development’s site.  

RIYADH: Saudi consultants and project managers are expected to see a surge in numbers as the localization plan for the Kingdom’s consulting sector enters into its second phase. 

RIYADH: Saudi Arabia’s business registrations saw a notable increase of 12 percent from 2019 to 2023, reaching a total of over 1.12 million commercial records, a top official said.

RIYADH: Energy giant Saudi Aramco is eager to enhance cooperation with China, particularly in areas such as carbon capture techniques, stated the company’s CEO. 

ISLAMABAD: The Saudi Fund for Development is in talks with Pakistan to collaborate on several projects across various sectors such as energy, health, education and infrastructure, a top Pakistan official said on Sunday.

MOSCOW, March 22. /TASS/. The X5 Group, which manages Pyaterochka, Perekrestok, and Chizhik retail chains, increased its net profit under IFRS in 2023 by 72.8% year-on-year to 90.284 bln rubles ($985.24 mln) under IFRS 17 standards, the company said on Friday.

The Bank of Russia once again decided to maintain the key rate at 16% per annum at its second meeting in 2024, the regulator said in its press release earlier today MOSCOW, March 22. /TASS/. Annual inflation in Russia may reach its peak values in the second quarter of this year, Central Bank chief Elvira Nabiullina said at the press conference after the regulator’s Board meeting. “In annual terms, the inflation peak may be in the second quarter of this year. However, considering that annual inflation is inflation for twelve preceding months and base effects are recognized there, then, in…

Russian air defense systems shot down 22 missiles fired by Ukraine from the Vampire multiple launch rocket system at the Belgorod Region, the Russian Defense Ministry said on Sunday. “On March 24, at about 05:50 p.m. Moscow time [14:50 GMT], the Kiev regime’s attempt to carry out a terrorist attack using the RM-70 Vampire multiple launch rocket system against targets on Russian territory was foiled. Twenty-two missiles were destroyed over the Belgorod Region by the air defense forces on duty,” the ministry said. Source: Sputnik