Browsing: Economy

RIYADH: Saudi Arabia’s naval industry will receive a technological boost as SAMI Navantia launches a new facility to enhance defense sector capabilities.

SINGAPORE: Oil prices rebounded on Thursday as US crude and gasoline stock drawdowns lent support despite signs that the US Federal Reserve may keep interest rates higher for longer, according to Reuters.

The company obtained “Managing Investments and Operating Funds” and “Advising” licenses from Saudi Capital Market Authority

The arrangement is designed to protect Turkish firms against facing secondary penalties for working with Russia, Hürriyet reports

Nasdaq Inc.’s biggest shareholder, Borse Dubai, is selling roughly one third of its stake — or 27 million shares — in the exchange operator at $59 each, which would raise as much as $1.6 billion.

India is looking to purchase the inaugural shipment for its latest LNG terminal, as the nation aims to rapidly increase…

Intel is planning a $100 billion spending spree across four US states to build and expand factories after securing $19.5 billion in federal grants and loans — and it hopes to secure another $25 billion in tax breaks.

RIYADH: UAE Islamic banks saw their asset values rise to 703 billion dirhams ($191.4 billion) by the end of 2023 in what was an 11 percent annual increase, official data showed. 

RIYADH: Jeddah is set to become a significant hub for copper and zinc metals as the London Metal Exchange plans to establish a new warehouse in the city.

Russia’s First Deputy Minister of Energy Pavel Sorokin said earlier that Russia may reduce oil refining in 2024, but due to these volumes, oil supplies for export will increase