Author: Steven Sahiounie

RIYADH: Saudi Arabia’s Al-Jouf province offers a fertile investment landscape, attributed to the abundance of renewable energy and a robust food supply, said the region’s governor. Prince Faisal bin Nawaf bin Abdulaziz has confirmed that the region possesses numerous investment opportunities and comparative advantages. The governor emphasized that Al-Jouf has seen numerous initiatives and endeavors aimed at surmounting challenges for prospective investors seeking to establish a presence through coordinated efforts across various governmental domains. These undertakings aim to facilitate investment projects aligned with the vision outlined in Saudi Arabia 2030, as the Saudi News Agency reported. The remarks were made…

NEW YORK: Oil prices rebounded slightly on Wednesday after extended declines as signs of supply tightness amid output cuts by major producers overrode demand growth concerns in China and the US, the world’s two biggest crude consumers, according to Reuters.

RIYADH: Saudi Aramco raised the April’s official selling price for the flagship Arab light crude it sells to Asia, while differentials for Europe were trimmed, according to an official statment.

RIYADH: Energy firm Aramco’s technology arm was one of several companies to sign deals at the LEAP conference, along with global brands Nokia, IBM, and Mobily.

RIYADH: Saudi Arabia is working to launch a national strategy for space and a space company that will allow for comprehensive government investment and private sector contribution to the field, said the minister of communications and information technology. Speaking at a press conference on the sidelines of LEAP, Abdullah Al-Swaha said the Kingdom is making significant strides in the fields of space exploration and women’s empowerment. He said after sending the first Arab Muslim woman to the international space station, the Kingdom is now looking to the next phase of its development in this sector. There are two main phases that…

RIYADH: Saudi Arabia’s Tadawul All Share Index concluded its Wednesday trading at 12,561.90 points, marking an increase of 91.75 points or 0.74 percent. 

RIYADH: The UAE’s non-oil private sector expanded in February as it delivered the strongest output growth since June 2019, according to S&P Global’s purchasing managers’ index report.

RIYADH: Investors in Saudi Arabia will benefit from a new license aimed at reducing the bureaucracy involved in getting construction projects off the ground.

PARIS: TotalEnergies and Qatar’s oil company on Wednesday said they would buy a stake in a license to seek oil and gas off South Africa as part of their plans to develop the Orange Basin area in neighboring Namibia. 

RIYADH: Saudi Arabia’s global logistics services are set to improve following the launch of a new system by the Kingdom’s maritime body, which aims to provide over 250 e-services at its ports.