The oil and gas sector in Arab countries executed 610 projects implemented by 356 foreign and Arab companies in the region, with a total investment cost of USD 406 billion between January 2003 and May 2024 (22 years).
A recent report issued by Kuwait…
The Japanese yen dropped on Wednesday after Bank of Japan (BOJ) Deputy Governor Shinichi Uchida stated that the central bank would not raise interest rates in the near term, easing trader concerns about another potential rise in the yen that could dis…
Price of Kuwaiti oil increased 51 cents to settle at USD 76.28 per barrel on Tuesday compared with USD 75.77 pb the day before, Kuwait Petroleum Corporation (KPC) said in on Monday.
Globally, the price of Brent crude rose by 18 cents to USD 76.48 pb,…
Riyadh, The Saudi Electricity Company (SEC) continued its strong financial performance in the first half and second quarter of 2024, according to an SEC press release issued today. Revenues climbed 15.5% year-over-year to SAR38.2 billion for H1 2024, …
Shaqra, The fourth Shaqra Pepper Festival, which concluded yesterday, was a resounding success, helping sell large quantities of the region’s distinctive peppers and pepper-based products.
The event drew significant attention from government entities…
Dammam, The King Abdulaziz Port in Dammam has set a new record for container throughput on a single vessel, handling an impressive 20,645 TEUs on the COSCO SHIPPING AQUARIUS 036E.
This achievement underscores the port’s pivotal role in supporting tra…
Dhahran, Aramco issued a press release today informing that it had signed a definitive agreement to acquire from Sumitomo Chemical an additional stake of approximately 22.5%, worth $702 million, in Rabigh Refining and Petrochemical Co. (Petro Rabigh),…
Gold prices edged lower on Wednesday as the US dollar and Treasury yields strengthened, while traders awaited further cues to gauge the size of the Federal Reserve’s likely September interest rate cut.
Spot gold slipped 0.2% to $2,385.60 per ounce, a…
Doha, August 07 (QNA) – The foreign currency reserves and foreign currency liquidity of the Qatar Central Bank (QCB) increased by 3.89 percent year-on-year to reach QAR 250.981 billion in July 2024 compared to QAR 241.572 billion in the same period of…
South Korea posted its largest current account surplus in about seven years in June, driven by robust exports led by semiconductors, central bank data showed Wednesday.
The country’s current account surplus reached $12.2 billion in June, marking a su…