Author: Steven Sahiounie

RIYADH: Abu Dhabi National Oil Co. and British energy company BP on Wednesday signed an agreement to form a new joint venture in Egypt with a focus on natural gas.

RIYADH: Chinese e-commerce giant Alibaba Group Holding plans to strengthen ties with the Gulf region by partnering with local firms in Saudi Arabia and the UAE.

RIYADH: Egypt plans to build an electric and diesel car manufacturing factory with a production capacity of up to 6,000 vehicles in collaboration with Hinduja Group, one of India’s largest companies.

US hybrid sales have been rising as consumers balk at high EV prices and recharging infrastructure challenges

ROSHN management aim to create an integrated urban environment that meets human needs and new categories of real estate projects that set new standards for real estate development

RIYADH: Saudi-based International Islamic Trade Finance Corp. has signed a $10 million agreement with the Asia Alliance Bank to bolster trade funds for Uzbekistan’s private sector.

LONDON: Global oil demand growth is losing momentum, the International Energy Agency said on Thursday as it trimmed its 2024 growth forecast in sharp contrast with projections by the Organization of the Petroleum Exporting Countries.

RIYADH: Saudi exporters received a boost with the issuance of some 37,553 certificates of origin in January by the Ministry of Industry and Mineral Resources, enhancing trade opportunities across sectors.

RIYADH: Utility firm ACWA Power, backed by Public Investment Fund, is a step closer to building solar energy plants worth $3.4 billion across Saudi Arabia after securing finance from a bank consortium.

RIYADH: Saudi Arabia’s Tadawul All Share Index rose on Thursday, gaining 45.82 points or 0.37 percent to close at 12,484.59.