News
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Posted On NewsAbu Dhabi’s Thuraya enters satellite smartphone market
Thuraya Mobile Satellite Communications Company, a unit of Abu Dhabi’s Space42, is moving into the smartphone market, hoping to access a global satellite-capable smartphone business…
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Posted On NewsCanada must do more to capitalise on billion dollar Saudi projects
Canada and Saudi Arabia have made progress towards ending a five-year diplomatic spat and mending trade and economic relations. However experts say that more could…
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Posted On NewsCanada must do more to capitalise on billion dollar Saudi projects
Canada and Saudi Arabia have made progress towards ending a five-year diplomatic spat and mending trade and economic relations. However experts say that more could…
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Posted On News
Ramadan sharply boosts Saudi consumer spending
Saudi consumers increased spending to one of its highest ever weekly levels as they rushed to build up food supplies ahead of the fasting month…
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Posted On NewsAramco slashes blue ammonia output to reduce costs
Saudi Aramco has scaled down its low carbon ammonia production target by 80 percent because of high costs and low demand. The company has adjusted its…
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Posted On NewsSaudi deficit to rise after $40bn loss in Aramco oil dividends
A projected 30 percent drop in Saudi Aramco’s oil dividends in 2025 is likely to force the government and state-owned Saudi Public Investment Fund to step up borrowing to fund…
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Posted On NewsSaudi Tadawul profit surges 60% on higher trading value
Saudi Tadawul Group, the owner and operator of the kingdom’s stock exchange, reported a 59 percent jump in 2024 profit, as annual trading value and…
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Posted On NewsAramco dividend vital to big-spending Saudi Arabia
Saudi Aramco’s 2024 full-year results due next week are likely to again underline the importance of the world’s largest listed oil company to big-spending Saudi Arabia’s…
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Posted On NewsSaudi Arabia turns to recycling to enhance mineral recovery
As part of its push to make mineral mining a pillar of its otherwise hydrocarbon-dominated economy, Saudi Arabia is investigating how to increase extraction by…
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Posted On NewsSaudi city rental yields top the Gulf as demand surges
One-bedroom apartments in Saudi Arabia’s West Riyadh and North Jeddah now command the highest rental yields across the Gulf as demand for housing in the…
Liyana Parker
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