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Economy
Steven Sahiounie, journalist and political commentator According to the International Energy Agency (IEA), the disruptive effects on global energy supplies caused by the U.S.-Israel-Iran…
RIYADH: OPEC+ has decided to keep its oil output policy unchanged including a plan to start unwinding one layer of output cuts from October.
RIYADH: Saudi Arabia’s seasonally adjusted real gross domestic product grew by 1.4 percent in the second quarter of 2024, compared to the previous three months, driven by non-oil activities, official data showed.
RIYADH: The global environmental, social, and governance sukuk market saw significant growth in the first half of 2024 – rising 41 percent year-on-year to reach $43 billion, according to Fitch.
RIYADH: The first round of negotiations for a free trade agreement between the Gulf Cooperation Council countries and Turkiye concluded with a positive atmosphere.
Saudi Arabia recorded a budget deficit of SR15.34 billion ($4.09 billion) in the second quarter of 2024, bringing the year’s first-half shortage to 35 percent
RIYADH: Petrochemical giant Saudi Basic Industries Corp. saw an 84 percent year-on-year surge in net profit to SR2.18 billion ($564 million) in the second quarter of 2024, driven by higher margins and new zakat regulations.
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