This step aims at easing the process of setting up a global financial hub in Ras El-Hekma city, along with attracting foreign investments, one of the sources said

RIYADH: China’s CNOOC Ltd. has made a major oilfield discovery in the Bohai Sea, adding over 100 million tonnes of oil equivalent proved in-place volume, the state-owned oil and gas giant said on Monday.

TOKYO: The Bank of Japan ended eight years of negative interest rates and other remnants of its unorthodox policy on Tuesday, making a historic shift away from a focus of reflating growth with decades of massive monetary stimulus, according to Reuters.

RIYADH: Foreign investors can now officially be classified as Saudis under the Nitaqat Saudization program following the approval of the Ministry of Human Resources and Social Development.

RIYADH: Investors eyeing opportunities in Saudi Arabia’s mining sector stand to gain from a new incentive package totaling nearly SR685 million ($182 million) in financial facilitation.

DHAHRAN: Aramco President and CEO Amin H. Nasser today emphasized the need for a new, realistic pathway for the energy transition that includes oil and gas. In a keynote speech at CERAWeek 2024 in Houston, Texas, Nasser said the current transition strategy “is visibly failing on most fronts as it collides with five hard realities.”